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Population & People
Population
7,652
Median age
51.1
Median household income
$76,895
Poverty rate
13.2%
Unemployment rate
11.9%
Bachelor's degree+
19.9%
Avg. commute
30 min
Hispanic or Latino
35.2%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$408,000
Median gross rent
$1,399/mo
Homeownership rate
83.15%
HUD FMR — 2 bedroom
$2,070
HUD Fair Market Rent (California statewide average across 58 areas — not specific to Cherry Valley), 2026. Efficiency $1526, 1BR $1661, 2BR $2070, 3BR $2775, 4BR $3190. This is a different official figure from Census median gross rent above.
Energy
California gasoline midgrade
$5.81
California commercial electricity
26.36¢/kWh
California industrial electricity
21.62¢/kWh
California residential electricity
32.54¢/kWh
Economy
Gross Domestic Product: All Industry Total
4250840.8
Real Gross Domestic Product: All Industry Total
3388904.8
All-Transactions House Price Index for California
974.97
Unemployment Rate
5.1%
Source: FRED, California-specific series.