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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 $156,225, lower than the Maryland average of $450,578.
The average cost of rent is $796/mo in Cumberland, primarily driven by the current value of real estate in the Cumberland area. In Cumberland, 31.68% of households rent, and 48.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cumberland is $5,074 per month. Households that rent pay about 15.69% of their income on rent here. Cumberland’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Carpendale, WV: higher priced homes
- Wiley Ford, WV: higher priced homes
- La Vale, MD: equally priced homes
- Cresaptown, MD: equally priced homes
- Ridgeley, WV: higher priced homes
- Clarysville, MD: higher priced homes
- Spring Gap, MD: higher priced homes
- Patterson Creek, WV: higher priced homes
- Mount Savage, MD: less expensive homes
- Wellersburg, PA: higher priced homes
Cities with Similar Populations
- Reidsville, NC: higher priced homes
- Dawsonville, GA: higher priced homes
- Denison, TX: higher priced homes
- Elmira, NY: less expensive homes
- Fairmont, WV: higher priced homes
- Fitchburg, WI: higher priced homes
- Flemington, NJ: higher priced homes
- Fountain, CO: higher priced homes
- Franconia, VA: higher priced homes
- Galesburg, IL: less expensive homes
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