Cumberland, VA County offers a median housing value of $230,300, which is significantly lower than the US median housing value of $338,100. In the past year, house appreciation in Cumberland has increased by 18.69%, which is higher than the national average of 8.27%. This means that homes in Cumberland are appreciating at a faster rate than other areas of the country and could be an attractive option for potential buyers looking to invest in real estate.
The median home cost in Cumberland County is $230,300. Home appreciation the last 10 years has been 64.6%. Home Appreciation in Cumberland County is up 13.8%.
Average Age of Homes
- The median age of Cumberland County real estate is 33 years old
The Rental Market in Cumberland County
- Renters make up 20.9% of the Cumberland County population
- 0.7% 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.