Home Insurance in Cherokee, Oklahoma
Homes in Cherokee carry a median value of $96,600 - close to the Alfalfa County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Cherokee was built around 1949. About 58% of homes were built before 1960, about 7 points above Alfalfa County's 51%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Cherokee is 87% single-family homes, 1% apartments in buildings with 5+ units and 7% mobile or manufactured homes.
32% of owner-occupied homes in Cherokee carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 71% of occupied homes in Cherokee are owner-occupied. The vacancy rate is 24%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
Most homes in Cherokee - 72% - are primarily heated with natural gas.
Alfalfa County's top FEMA-rated hazard is hail (Relatively Low), per FEMA's National Risk Index. Alfalfa County had 34 active NFIP flood policies as of September 2026. See the full Alfalfa County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Oklahoma, the statewide average premium for a standard HO-3 homeowners policy is $2,486 per year (NAIC, 2023 data).
Key figures
| Median home value | $96,600 |
|---|---|
| Median year built | 1949 |
| Owner-occupied share | 71% |
| Share of owner-occupied homes with a mortgage | 32% |
| Top county hazard | Hail (Relatively Low) |
| Active NFIP policies in Alfalfa County | 34 |
| Home insurance premium | $2,486 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)