A picturesque private lake known for its serene beauty and vibrant community, Lake Cherokee is an ideal place for families and nature lovers.
Home buyers are drawn to the lake for its tranquil environment, abundant recreational activities, and breathtaking views.
If you’re a first-time home buyer, the process can get overwhelming. Having the right information can help you approach each step with confidence and avoid common pitfalls.
This article provides relevant information about Lake Cherokee TX real estate so you can make the most from your home purchase.
The Lake Cherokee Real Estate Market
The tree-lined streets in Lake Cherokee offer a mix of waterfront and wooded areas, featuring a diverse range of properties, including manufactured, ranch-style, and new traditional homes.
As of the latest Lake Cherokee real estate market update, in August 2025, home prices range from $1,700 to $4.5 million.
The median listing home price is $300,000, and the median listing home price per square foot is $153. The median home sold price is $244,900.
On average, homes in Longview, TX, sold for approximately the asking price with a sale-to-list price ratio of 99.2%. Homes in the Lake Cherokee area sell after 65 days on the market.
During the same period, Longview, TX, is a buyer’s market. This means that the supply of residential properties for sale in the area is greater than the demand from home buyers.
Finding Your First Home in Lake Cherokee
Once you have determined your budget and gotten pre-approved for a loan, you can start officially home shopping in this thriving real estate near Longview, TX.
It will be best for you to work with a local real estate agent who is familiar with the housing market in Lake Cherokee. Aside from providing you with insights and guidance during the homebuying process, they can also help you craft the right offer.
Once you find the perfect home, your real estate agent can give you comparable home values and other insights to help you decide on your starting offer. Your real estate agent can submit a written offer on your behalf.
Key Community & Neighborhood Characteristics
The Lake Cherokee community surrounds a private lake, giving residents easy access to various recreational amenities and community events. Residents in Lake Cherokee are called “shareholders,” because each one owns a share of this community.
Lake Cherokee is managed by the Cherokee Water Company. Residents pay dues to the company, which maintains the amenities and provides a lake patrol keeping the water safe. Only shareholders can put their boats on the lake.
Safety is one of the key considerations of home buyers, and Lake Cherokee boasts a 1 out of 10 CAP Index Crime Score, significantly below the national average of 4. This level of security gives residents peace of mind.
Half of the lake is open water for water skiing, jet skiing, and tubing, while the other half has boat lanes for fishing. There are various clubs in Lake Cherokee for fishing, photography, bridge, and golf.
Three school districts serve the community, making it an ideal place for families with young children. The school districts in the area include Longview Independent School District, Kilgore Independent School District, and Tatum Independent School District.
Why Lake Cherokee is Perfect for First-Time Homebuyers
There are significant benefits of buying a house and living in the Lake Cherokee community, and in Texas, overall.
The Homebuyers Assistance Program in Longview, TX, offers financial aid to eligible first-time homebuyers. The First Time Home Buyer (FTHB) is a one time only grant amounting to $20,000.
First-time homebuyers may find it easier to cover necessary expenses in this state than in other, more costly states. The average cost of living in Texas is 5% lower than the national average. This includes housing, healthcare, utilities, transportation, and food.
Another advantage is there is no state income tax in Texas. This means that residents can keep more of their paychecks in their bank accounts. The Lone Star State does have a state sales tax rate of 6.25%, but many common food items, such as bread, milk, and produce, are tax-exempt.
Conclusion
Lake Cherokee is an ideal place for families and nature lovers, with its tranquil environment, good schools, abundant recreational activities, and breathtaking views.
If you’re a first-time home buyer, the process can get overwhelming, but working with a reliable real estate agent can help ensure that you get the best deal.
Our team is here to show you all of the beautiful homes available for sale in Lake Cherokee. Feel free to give us a call today at 903-500-0017 or send us an email at austin@austinmooreandcompany.com to schedule an appointment.
Frequently Asked Questions
What are some affordable homes for sale in Lake Cherokee for first-time buyers?
You can browse through this link listing homes for sale in Lake Cherokee to find affordable properties in the area.
What are the benefits of living in a private lake community like Lake Cherokee?
The Lake Cherokee community surrounds a private lake, giving residents easy access to various recreational amenities and community events.
What are the schools like in the Lake Cherokee area?
Three school districts serve the community, making it an ideal place for families with young children. The school districts in the area include Longview Independent School District, Kilgore Independent School District, and Tatum Independent School District.
How do I find a local real estate agent who specializes in Lake Cherokee?
Our team is comprised of local real estate agents who specialize in Lake Cherokee and surrounding area. You can get in touch with us using this link or you can give us a call today at 903-500-0017.
