Montgomery County Profile

Cherryvale

cherryvaleCherryvale is a vibrant community, rich in history, known for its quiet neighborhoods and is bustling in community pride.  Cherryvale has targeted industries in injection molding and fiberglass manufacturing. 

Once a booming railroad tourism destination, the communitiy prides itself on its continued support of railway development and transportation through the continued growth of Watco Railroad, one of the largest shortline rail companies in the United States.  From the Cherryvale Industrial Park via rail, a company can import and export products from around the world at a dramatically reduced price than you might find in other communities due to this excellent partnership.

The Cherryvale Industrial Park is ripe for development for any large manufacturer.  The city has established incentive plans for new businesses and is willing and able to help your business grow in Cherryvale.

Population Demographics

As of 2026 the population of Cherryvale is 2,145. The population is expected to shrink to 2,103 by 2031 - a growth rate of -0.39%.

The median age of Cherryvale residents is 40.

The diversity index of Cherryvale is 32.4, meaning that there is a 32% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.

Housing and Income

The average household income in Cherryvale is $60,215 and projected to be $66,659 in 2031. Per capita income is $25,175, projected to be $28,190 in 2031. 1.03% of households – 22 – have an income of $200,000 or higher. Average net worth is $567,802 and the average disposable income is $48,676.

There are 1,075 housing units in Cherryvale; 642 are owner-occupied, 249 are rented, and 184 are vacant. The average home value is $153,255, with 16 homes built in 2010 or later, and 349 built in 1939 or earlier.

Business and Workforce

There are 98 businesses in Cherryvale, employing 960 workers and pulling from a labor force of 959 age 16 and above. 241 workers commute into Cherryvale from outside the county or state. Key industries for the area include:

674 residents both live and work in/around Cherryvale. The average travel time is 0.0 minutes. 14.84% people have a commute of less than 5 minutes while 0.74% commute 90 minutes or more each way. Of commuters, 822 drive alone, 115 carpool, and 0 take public transportation. 0 use other modes of transport such as motorcycle, bicycle, walking, etc. 22 residents work from home.

467 members of the workforce hold a high school diploma or GED. 173 have associates degrees, 161 have bachelor’s degrees, and 60 hold a graduate or professional degree.

Source: ESRI, 2026-08-31