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Jeep Cherokee depreciation: value by age

Value kept after 3 years

57%

  • Loses 43% in 3 years.
  • 2023 Altitude Lux 4WD. New: $39,290. Now: $22,200.
  • Median SUV at 3 years: 63% kept.
  • Value now: KBB fair price.

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0%20%40%60%80%100%2 yr5 yr8 yr11 yr14 yr17 yrCherokeeSUV median
Share of original MSRP kept, by age. Blue: median of 82 to 183 SUVs per age.
Jeep Cherokee value by model year
Model yearAgeTrimOriginal MSRPValue nowSourceKeptLostLost per year
20233Altitude Lux 4WD$39,290$22,200KBB fair price57%$17,090$5,697
20224Altitude FWD$33,390$17,300KBB fair price52%$16,090$4,023
20215Freedom FWD$32,180$17,450KBB fair price54%$14,730$2,946
20206Latitude FWD$30,780$15,700KBB fair price51%$15,080$2,513
20197Latitude FWD$30,480$13,200KBB fair price43%$17,280$2,469
20188Latitude FWD$28,735$12,450KBB fair price43%$16,285$2,036
20179Sport FWD$25,185$10,750KBB fair price43%$14,435$1,604
201610Sport FWD$24,490$8,975KBB fair price37%$15,515$1,552
201511Sport FWD$24,090$8,075KBB fair price34%$16,015$1,456
201412Sport FWD$23,990$6,275KBB fair price26%$17,715$1,476
Biggest drop
New to age 3: $5,697 a year.
Values as of
October 2026

KBB resale value by year

Jeep Cherokee: KBB resale value by calendar year
Model year20232024202520262027 KBB forecast2028 KBB forecast
2023$39,290$25,653$23,100$20,600$17,895$15,733
2022$25,656$20,726$18,844$16,050N/AN/A
2021$20,854$16,283$13,739$14,950$12,545$10,527
2020$18,591$15,309$12,660$14,150$11,575$9,435
2019$16,065$12,652$10,278$11,750$9,652$7,903
2018$13,351$11,132$10,073$10,650N/AN/A
2017$12,027$9,525$7,281$9,350N/AN/A
2016$9,831$7,659$6,639$7,925N/AN/A
2015$7,215$5,706$4,912$7,150N/AN/A
2014$8,117$6,648$6,011$6,525N/AN/A

KBB resale values. 2027 and 2028 are KBB forecasts.

What this cannot tell you

Values as of October 2026. KBB and CarGurus national figures.

Mileage and condition change the value.

How values are checked