Cumberland, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cumberland Neighborhoods Since 2000




Cumberland, IN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cumberland Housing Market Information

With a population of 5,467, 2,062 total housing units (homes and apartments), and a median house value of $185,479, Cumberland real estate is some of the most expensive in Indiana, although Cumberland home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Cumberland, accounting for 71.97% of the town's housing units. Other types of housing that are prevalent in Cumberland include duplexes, homes converted to apartments or other small apartment buildings ( 10.21%), large apartment complexes or high rise apartments ( 9.61%), and a few row houses and other attached homes ( 7.65%).

The most prevalent building size and type in Cumberland are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.71% owning and 36.29% renting.

There is a lot of housing in Cumberland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cumberland built between 1940-1969 ( 25.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.95%). There's also some housing in Cumberland built before 1939 ( 6.30%).

Cumberland Home Appreciation Rates

Cumberland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cumberland during the period has been just -0.81%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Cumberland's appreciation rate, at 4.60%, has been at or slightly above the national average. In the latest quarter, Cumberland's appreciation rate has been -0.60%, which annualizes to a rate of -2.40%.

Notably, Cumberland's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Cumberland's latest annual appreciation rate is higher than 70% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$185,479

Cumberland, IN HOME PRICES

Value Range
> $1,082,000 0.3
$811,001 - $1,082,000 0.0
$541,001 - $811,000 0.7
$433,001 - $541,000 1.8
$324,001 - $433,000 3.3
$216,001 - $324,000 10.5
$108,001 - $216,000 56.1
$54,001 - $108,000 26.4
$0 - $54,000 0.9

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
36.2123520450018 10.4072398190045

Number Of Homes And Apartments:
2,062

Cumberland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
1.76% 0.10% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$988 / per month

Homeownership Rate

Homeownership
Owners 63.71
Renters 36.29
Vacant 3.82

Housing Market Details

 

Age of Homes

AGE OF Cumberland HOMES
2000 or Newer 6.9
1970 - 1999 61.3
1940 - 1969 25.4
1939 or Older 6.3

Types of Homes

TYPE OF Cumberland HOMES
Single-Family 72.0
Townhomes 7.6
Small Apt. Buildings 10.2
Apt. Complexes 9.6
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Cumberland HOMES
No Bedroom 0.00
1 Bedroom 9.14
2 Bedrooms 24.02
3 Bedrooms 43.94
4 Bedrooms 20.10
5 or more bedrooms 2.80