Commercial Real Estate Market in Cherokee Village, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
520 active listings and 90 off-market properties in Cherokee Village, AR.
Market Trends
Cherokee Village, AR spans 20.5 square miles in Sharp County, Arkansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cherokee Village, AR runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Cherokee Village, AR asks $148/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Cherokee Village, AR runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Cherokee Village, AR runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Cherokee Village, AR has 4,806 residents in 3,092 households. Density runs 234 people per square mile. Median household income here is $35,305 and median gross rent $930 a month.
4,806
Population
3,092
Households
1.6
Avg Household Size
54
Median Age
18%
College-Educated
90%
High-School Grad
20.5 sq mi
ZIP Area
234
Density / Sq Mi
$35,305
Median Household Income
$28,354
Median Earnings
$930
Median Rent
$86,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hardy | — | — |
| Cherokee Vlg | — | — |
| Highland | — | — |
| Ash Flat | — | — |
Commercial property in Cherokee Village, AR asks $3,767/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cherokee Village?
Commercial property in Cherokee Village, AR asks an average of $3,767 per square foot. Retail carries the highest asking price at $148/SF.
Methodology & data sources
- Asking prices and averages
- Computed from 520 active for-sale and 0 active for-lease listings in Cherokee Village, AR. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
