Cumberland, RI is a great place to live for those looking for an affordable housing option. The median value of homes in Cumberland is $437,800, which is about 30% higher than the US median house value of $338,100. Furthermore, the house appreciation in Cumberland has been 10.78% in the last year compared to 8.27% of average one-year appreciation across the United States. This indicates that there is a strong demand for housing and with the increasing population and employment opportunities Cumberland is definitely attracting more newcomers who are seeking affordable housing options.
The median home cost in Cumberland is $437,800. Home appreciation the last 10 years has been 91.2%. Home Appreciation in Cumberland is up 16.0%.
Average Age of Homes
- The median age of Cumberland real estate is 50 years old
The Rental Market in Cumberland
- Renters make up 25.0% of the Cumberland population
- 0.7% 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.