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These days, finding an affordable place to live in the Cumberland area can be challenging. Home prices in Cumberland are now at a median cost of $171,547, lower than the Iowa average of $226,062.
The average cost of rent is $1,106/mo in Cumberland, primarily driven by the current value of real estate in the Cumberland area. In Cumberland, 32.04% of households rent, and 54.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cumberland is $4,974 per month. Households that rent pay about 22.24% of their income on rent here. Cumberland’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lyman, IA: less expensive homes
- Massena, IA: equally priced homes
- Wiota, IA: equally priced homes
- Grant, IA: equally priced homes
- Atlantic, IA: less expensive homes
- Berea, IA: higher priced homes
- Lewis, IA: less expensive homes
- Bridgewater, IA: less expensive homes
- Mount Etna, IA: equally priced homes
- Griswold, IA: less expensive homes
Cities with Similar Populations
- Magnolia, IL: equally priced homes
- Pratt, WV: less expensive homes
- Port William, OH: higher priced homes
- Pine Hills, CA: higher priced homes
- New Liberty, IA: higher priced homes
- Mount Salem, KY: less expensive homes
- Millville, KY: higher priced homes
- Merton, MN: higher priced homes
- Mentow, VA: higher priced homes
- Meauwataka, MI: equally priced homes
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