The housing market in Cumberland, NJ County is thriving. The median value of homes in Cumberland is $209,000, which is significantly lower than the US median value of $338,100. Over the past year, the appreciation rate for homes in Cumberland was an impressive 10.07%, higher than the national appreciation rate of 8.27%. This shows that despite its lower price point, the housing market in Cumberland has seen a strong and steady increase in value over time. With its low house prices and high appreciation rates, Cumberland is an attractive option for those looking to buy or invest in real estate.
The median home cost in Cumberland County is $209,000. Home appreciation the last 10 years has been 58.8%. Home Appreciation in Cumberland County is up 17.5%.
Average Age of Homes
- The median age of Cumberland County real estate is 50 years old
The Rental Market in Cumberland County
- Renters make up 30.0% of the Cumberland County population
- 1.6% 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.