Zip 23040 (Cumberland, VA) Housing

Housing in 23040 Cumberland, VA is on the rise, according to the median housing value of $233,700. This is lower than the US median value of $338,100 but it has shown a higher appreciation rate of 13.79% over the past year compared to the national rate of 8.27%. This suggests that Cumberland's housing market is gaining momentum and may be a good investment for potential homeowners.

The median home cost in Cumberland (zip 23040) is $233,700. Home appreciation the last 10 years has been 64.6%. Home Appreciation in Cumberland (zip 23040) is up 13.8%.

Average Age of Homes

- The median age of Cumberland (zip 23040) real estate is 29 years old

The Rental Market in Cumberland (zip 23040)

- Renters make up 18.1% of the Cumberland (zip 23040) population
- 1.6% of houses and apartments in Cumberland (zip 23040), 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, Virginia	United States
	1,995.0	139,647,020.0
	33	42
	$233,700	$338,100
	13.8%	16.6%
	45.5%	57.0%
	64.6%	101.1%
	$7.20	$10.98
	$1,084	$2,690
	63.6%	57.4%
	11.0%	11.2%
	25.5%	31.4%
Vacant Housing
	1.6%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	9.4%	4.1%
Value of Owner-Occupied Housing
	5.4%	2.6%
	3.9%	2.4%
	6.5%	2.8%
	8.0%	3.9%
	8.4%	4.5%
	17.4%	11.3%
	27.4%	13.0%
	8.9%	20.1%
	9.9%	13.6%
	4.3%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	17.0%	13.6%
	17.0%	13.6%
	25.8%	13.6%
	13.9%	13.2%
	16.2%	14.8%
	25.8%	13.6%
	1.9%	10.0%
	3.8%	4.7%
	8.4%	12.2%

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