Cumberland, VA is a great place to own a home. The median value of housing in Cumberland is $228,300, which is much lower than the US median value of $338,100. In addition to its affordability, homeowners in Cumberland have enjoyed an impressive 13.79% appreciation rate over the past year - significantly higher than the national average of 8.27%. This makes it an attractive option for those looking to invest in real estate or establish roots in a community with appreciating property values.
The median home cost in Cumberland is $228,300. Home appreciation the last 10 years has been 64.6%. Home Appreciation in Cumberland is up 13.8%.
Average Age of Homes
- The median age of Cumberland real estate is 49 years old
The Rental Market in Cumberland
- Renters make up 19.3% of the Cumberland population
- 17.4% of houses and apartments in Cumberland, 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.