Home Price Key
Affordable
Average
Expensive
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 $180,286, lower than the Virginia average of $323,261.
The average cost of rent is $854/mo in Cumberland, primarily driven by the current value of real estate in the Cumberland area. While nearly 51.07% of residents own their homes outright in Cumberland, 23.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cumberland is $5,013 per month. Households that rent pay about 17.04% of their income on rent here. Cumberland's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Trent Mill, VA: less expensive homes
- Hillcrest, VA: less expensive homes
- Oak Forest, VA: higher priced homes
- Sunny Side, VA: higher priced homes
- Guinea Mills, VA: less expensive homes
- Ballsville, VA: higher priced homes
- Lakeside Village, VA: higher priced homes
- Alpha, VA: less expensive homes
- New Canton, VA: less expensive homes
- Cartersville, VA: higher priced homes
Cities with Similar Populations
- Parsonsburg, MD: equally priced homes
- Lumpkin, GA: less expensive homes
- Martindale, TX: equally priced homes
- Middleburg, VA: higher priced homes
- Middleburgh, NY: less expensive homes
- Morris, OK: less expensive homes
- Nedrow, NY: less expensive homes
- Oakland, OR: higher priced homes
- Ogdensburg, NJ: higher priced homes
- Olivia, MN: less expensive homes
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