Cumberland, ME is an attractive area for homeowners due to its high median value of $619,300. This is significantly higher than the national median value of $338,100, and house appreciation in Cumberland has increased at a faster rate of 13.27% over the past year compared to 8.27% across the United States as a whole. Homeowners in Cumberland can enjoy their high housing values and take advantage of rising prices in the market.
The median home cost in Cumberland is $619,300. Home appreciation the last 10 years has been 101.1%. Home Appreciation in Cumberland is up 16.8%.
Average Age of Homes
- The median age of Cumberland real estate is 37 years old
The Rental Market in Cumberland
- Renters make up 10.4% of the Cumberland population
- 0.0% of houses and apartments in Cumberland, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.