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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 $249,796, higher than the Indiana average of $232,932.
The average cost of rent is $1,480/mo in Cumberland, primarily driven by the current value of real estate in the Cumberland area. In Cumberland, 29.22% of households rent, and 34.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cumberland is $7,942 per month. Households that rent pay about 18.64% of their income on rent here. Cumberland’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gem, IN: equally priced homes
- Mount Comfort, IN: equally priced homes
- New Palestine, IN: higher priced homes
- Spring Lake, IN: equally priced homes
- Warren Park, IN: less expensive homes
- Lawrence, IN: less expensive homes
- Philadelphia, IN: higher priced homes
- Mohawk, IN: higher priced homes
- Pleasant View, IN: higher priced homes
- McCordsville, IN: higher priced homes
Cities with Similar Populations
- Millersburg, IN: higher priced homes
- Montevideo, MN: less expensive homes
- Montague, MI: equally priced homes
- Monson, MA: higher priced homes
- Monroeville, NJ: higher priced homes
- Mondovi, WI: less expensive homes
- Momence, IL: less expensive homes
- Molino, FL: equally priced homes
- Moapa Valley, NV: higher priced homes
- Mitchell, IN: less expensive homes
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