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.