Cumberland City, TN is an exciting place to live with a vibrant housing market. The median value of houses in the city is $218,500, which is significantly lower than the national median house value of $338,100. Furthermore, home appreciation has risen more rapidly in Cumberland City over the past year at 15.74%, compared to the 8.27% national average. With its lower-than-average cost and higher-than-average appreciation rates, Cumberland City offers an attractive option for potential buyers looking to invest in a new home.
The median home cost in Cumberland City is $218,500. Home appreciation the last 10 years has been 142.5%. Home Appreciation in Cumberland City is up 25.0%.
Average Age of Homes
- The median age of Cumberland City real estate is 43 years old
The Rental Market in Cumberland City
- Renters make up 26.9% of the Cumberland City population
- 4.4% of houses and apartments in Cumberland City, 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.