Commercial Real Estate Market in Cherokee, OK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 188 off-market properties in Cherokee, OK.
Market Trends
Cherokee, OK spans 221.5 square miles in Alfalfa County, Oklahoma. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cherokee, OK runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Cherokee, OK runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Cherokee, OK 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, OK 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, OK has 1,840 residents in 997 households. Density runs 8 people per square mile. Median household income here is $68,355 and median gross rent $788 a month.
1,840
Population
997
Households
1.8
Avg Household Size
40
Median Age
29%
College-Educated
90%
High-School Grad
221.5 sq mi
ZIP Area
8
Density / Sq Mi
$68,355
Median Household Income
$43,708
Median Earnings
$788
Median Rent
$124,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lambert | — | — |
| Burlington | — | — |
| Byron | — | — |
| Jet | — | — |
Commercial property in Cherokee, OK asks $48/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cherokee?
Commercial property in Cherokee, OK asks an average of $48 per square foot.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Cherokee, OK. 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
