The housing market in Cumberland, KY is quite affordable with the median house value sitting at $58,700. Though this is substantially lower than the US House median value of $338,100, house values have been appreciating at a greater rate in Cumberland than they have nationwide. In the past year alone, houses in Cumberland have appreciated by 12.90%, more than 4% higher than the 8.27% appreciation nationwide. For those looking for an affordable place to call home, Cumberland is definitely worth considering.
The median home cost in Cumberland is $58,700. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Cumberland is up 16.7%.
Average Age of Homes
- The median age of Cumberland real estate is 60 years old
The Rental Market in Cumberland
- Renters make up 31.8% of the Cumberland population
- 4.1% 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.