The housing market in Cumberland, NC County is thriving. The median value of homes in the area is $189,100, which is significantly lower than the US House Median Value of $338,100. However, what this county lacks in absolute value, it makes up for in appreciation. Over the last year, home values have appreciated by 13.68%, well above the US average of 8.27%. This indicates that Cumberland County is a great place to invest in real estate due to its low prices and impressive appreciation rate.
The median home cost in Cumberland County is $189,100. Home appreciation the last 10 years has been 61.0%. Home Appreciation in Cumberland County is up 19.9%.
Average Age of Homes
- The median age of Cumberland County real estate is 31 years old
The Rental Market in Cumberland County
- Renters make up 40.3% of the Cumberland County population
- 2.9% 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.