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Cumberland, IA Real Estate


According to census data in the year 2000 there were 142 housing units in Cumberland. This represents a 12.3% decline from 162 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 142 were located in what is classified as a rural area.

Homeownership rate in Cumberland is about 78.4%. Cumberland's vacancy rate, including seasonal lodging, is about 12%. Average household size is 2.13 people.

The majority of houses, apartments or condos in Cumberland were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom7.70%
Two Bedrooms45.80%
Three Bedrooms29.60%
Four Bedrooms14.10%
Five Bedrooms or more2.80%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.38
Median year structure was built1939
Median Value of occupied units$23,300
Median Price asked for vacant units$17,500

Rented Homes, Apartments and Condos

Average Household Size1.22
Median year structure was built1972

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan2.40%
Simple Mortgage36.50%
Debt Free61.20%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs12.1%