The housing market in Cumberland, OH is booming. The median value of homes in Cumberland is $135,200, which is significantly lower than the US median of $338,100. However, despite the lower price tag, homes in Cumberland have seen a greater appreciation over the past year at 12.77%, compared to 8.27% for the US overall. This makes for a great opportunity for prospective homeowners to invest in housing that will continue to gain value over time.
The median home cost in Cumberland is $135,200. Home appreciation the last 10 years has been 79.6%. Home Appreciation in Cumberland is up 14.0%.
Average Age of Homes
- The median age of Cumberland real estate is 78 years old
The Rental Market in Cumberland
- Renters make up 9.0% 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.