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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 $495,936, higher than the Rhode Island average of $438,271.
The average cost of rent is $1,457/mo in Cumberland, primarily driven by the current value of real estate in the Cumberland area. In Cumberland, 20.52% of households rent, and 30.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cumberland is $11,177 per month. Households that rent pay about 13.04% of their income on rent here. Cumberland’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cumberland Hill, RI: less expensive homes
- Valley Falls, RI: less expensive homes
- Manville, RI: less expensive homes
- Lincoln, RI: less expensive homes
- North Attleboro, MA: equally priced homes
- Central Falls, RI: less expensive homes
- Attleboro Falls, MA: higher priced homes
- Woonsocket, RI: less expensive homes
- Plainville, MA: equally priced homes
- Stillwater, RI: equally priced homes
Cities with Similar Populations
- Huron, SD: less expensive homes
- Pawleys Island, SC: equally priced homes
- Parlier, CA: less expensive homes
- Pacific Grove, CA: higher priced homes
- Ozark, AL: less expensive homes
- Ottawa, KS: less expensive homes
- Mason, MI: less expensive homes
- Leesville, LA: less expensive homes
- Keystone, FL: higher priced homes
- Kenmore, NY: less expensive homes
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