ZIP Code 72347

ZIP code 72347, centered on Cherry Valley, sits in working-class to middle-income territory. Households here earn a median of $52,048, while per-capita income comes to $27,239. Homes are valued at a median of $62,400, and the county's 0.51% effective property tax rate means yearly property taxes on such a home run only a few hundred dollars. That low rate eases the cost of owning, though the combined sales tax rate of 9.62% adds a noticeable charge to everyday purchases. Overall, the tax structure leans on consumption rather than property, a pattern that shapes daily expenses for residents of this Cherry Valley area.