Cumberland, IN is known for its high quality housing options. The median value of housing in the area is $273,600, which is significantly lower than the US House Median Value of $338,100. While the US House Appreciation over the past year was 8.27%, house appreciation in Cumberland, IN was an impressive 10.99%. This speaks to the desirability of living in Cumberland and offers potential homeowners an excellent opportunity to invest in property.
The median home cost in Cumberland is $273,600. Home appreciation the last 10 years has been 103.5%. Home Appreciation in Cumberland is up 17.4%.
Average Age of Homes
- The median age of Cumberland real estate is 35 years old
The Rental Market in Cumberland
- Renters make up 37.6% of the Cumberland population
- 2.3% 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.