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Affordable
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These days, finding an affordable place to live in the Cumberland City area can be challenging. Home prices in Cumberland City are now at a median cost of $218,476, lower than the Tennessee average of $315,131.
The average cost of rent is $899/mo in Cumberland City, primarily driven by the current value of real estate in the Cumberland City area. In Cumberland City, 20.42% of households rent, and 60.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cumberland City is $4,905 per month. Households that rent pay about 18.33% of their income on rent here. Cumberland City’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Erin, TN: less expensive homes
- Throckmorton, TN: equally priced homes
- Woolworth, TN: equally priced homes
- Ellis Mills, TN: less expensive homes
- Needmore, TN: higher priced homes
- Pollard, TN: less expensive homes
- Palmyra, TN: higher priced homes
- Carlisle, TN: equally priced homes
- Tennessee Ridge, TN: less expensive homes
- Slayden, TN: higher priced homes
Cities with Similar Populations
- Spotsylvania Courthouse, VA: higher priced homes
- Farmington, WV: less expensive homes
- Farnham, VA: equally priced homes
- Holladay, TN: less expensive homes
- Jonesburg, MO: higher priced homes
- Kaaawa, HI: higher priced homes
- Larimore, ND: equally priced homes
- Leeds, NY: higher priced homes
- Leon, WV: less expensive homes
- Maeser, UT: higher priced homes
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