Cherry Valley

Population: 543
Median household income: $85,833
Median home value: $174,600

Cherry Valley is a community in Otsego County, New York, home to 543 residents. The median household income of $85,833 is above the Otsego County median ($67,086).

From 2019 to 2023, Cherry Valley's population grew 11.7% from 486 to 543, while its median home value rose 9.5% from $159,400 to $174,600.

The typical home was built around 1938. 9.2% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 543
Median age: 37.3 yrs
Median household income: $85,833
Median home value: $174,600
Median gross rent: $725
Housing units: 262
Homeownership rate: 88.1%
Bachelor's degree or higher: 43.9%
Unemployment rate: 4.9%

Trends

ACS 5-year · 2019–2023

Population

486543

Median household income

$48,875$85,833

Median home value

$159,400$174,600

Median gross rent

$747$725

Year	Population	Median household income	Median home value	Median gross rent
2019	486	$48,875	$159,400	$747
2020	586	$51,786	$158,800	$746
2021	567	$47,143	$164,000	$763
2022	516	$81,042	$171,400	$843
2023	543	$85,833	$174,600	$725

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 52.9%

5 to 1715.7%

18 to 2422.3%

25 to 348.3%

35 to 4412.0%

45 to 549.6%

55 to 6413.6%

65 to 747.2%

75 and over8.5%

	Count	Share
Under 5	16	2.9%
5 to 17	85	15.7%
18 to 24	121	22.3%
25 to 34	45	8.3%
35 to 44	65	12.0%
45 to 54	52	9.6%
55 to 64	74	13.6%
65 to 74	39	7.2%
75 and over	46	8.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	521	95.9%
Black or African American	0	0.0%
American Indian & Alaska Native	1	0.2%
Asian	6	1.1%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	4	0.7%
Two or more races	5	0.9%
Hispanic or Latino (any race)	6	1.1%

Educational attainment (age 25+)

No high school diploma5.0%

High school graduate19.0%

Some college or associate's32.1%

Bachelor's degree33.6%

Graduate or professional degree10.3%

	Count	Share
No high school diploma	16	5.0%
High school graduate	61	19.0%
Some college or associate's	103	32.1%
Bachelor's degree	108	33.6%
Graduate or professional degree	33	10.3%

Commute to work

Mean travel time to work: 22 min

Drove alone76.7%

Carpooled16.5%

Public transit0.0%

Walked0.4%

Bicycle0.0%

Worked from home4.7%

Other means1.8%

How workers get to work

	Count	Share
Drove alone	214	76.7%
Carpooled	46	16.5%
Public transit	0	0.0%
Walked	1	0.4%
Bicycle	0	0.0%
Worked from home	13	4.7%
Other means	5	1.8%

Travel time

	Count	Share
Under 15 min	39	14.7%
15 to 29 min	171	64.3%
30 to 44 min	45	16.9%
45 to 59 min	5	1.9%
60+ min	6	2.3%

Households

Average household size: 3.37
Poverty rate: 9.2% (50 of 541)

	Count	Share
Family households	122	76.3%
Nonfamily households	38	23.8%

Housing

Median year structure built: 1938

Occupancy

	Count	Share
Occupied	160	61.1%
Vacant	102	38.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	141	88.1%
Renter-occupied	19	11.9%

1-unit, detached79.8%

1-unit, attached3.8%

2 to 4 units11.8%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other4.6%

Units in structure

	Count	Share
1-unit, detached	209	79.8%
1-unit, attached	10	3.8%
2 to 4 units	31	11.8%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	12	4.6%

Geography

Place GEOID: 3615242
Type (LSAD): 47
Land area: 0.51 sq mi
Water area: 0 sq mi
Center point: 42.7982, -74.7522