Cumberland County, ME Housing

Cumberland, ME County has seen a dramatic rise in housing prices over the past year. The median value of housing in the county is currently $470,000, which is far higher than the national average of $338,100. This marks a 16.24% appreciation rate from last year, significantly higher than the US's 8.27% increase. With such high demand for housing and increasing prices, Cumberland offers potential buyers an opportunity to invest in a growing market.

The median home cost in Cumberland County is $470,000. Home appreciation the last 10 years has been 105.9%. Home Appreciation in Cumberland County is up 17.5%.

Average Age of Homes

- The median age of Cumberland County real estate is 44 years old

The Rental Market in Cumberland County

- Renters make up 27.0% of the Cumberland County population
- 1.3% of houses and apartments in Cumberland County, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Cumberland, Maine	United States
	148,178.0	139,647,020.0
	47	42
	$470,000	$338,100
	17.5%	16.6%
	69.6%	57.0%
	105.9%	101.1%
	$12.90	$10.98
	$4,060	$2,690
	60.0%	57.4%
	15.0%	11.2%
	25.0%	31.4%
Vacant Housing
	1.3%	1.9%
	0.2%	0.4%
	0.5%	0.7%
	0.3%	0.4%
	10.3%	3.6%
	2.3%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	1.2%	2.4%
	0.7%	2.8%
	1.1%	3.9%
	1.1%	4.5%
	4.3%	11.3%
	9.2%	13.0%
	28.3%	20.1%
	21.4%	13.6%
	13.2%	8.3%
	12.0%	9.7%
	4.1%	3.9%
	1.6%	2.2%
	0.5%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	10.9%	13.6%
	10.9%	13.6%
	10.8%	13.6%
	13.6%	13.2%
	12.5%	14.8%
	10.8%	13.6%
	7.9%	10.0%
	5.3%	4.7%
	25.0%	12.2%

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