Cumberland, MD Real Estate
According to census data in the year 2000 there were 11,154 housing units in Cumberland.
This represents a 2.4% decline from 11,431 in 1990.
Of those housing units, 11,047 were located in either urbanized areas or urban clusters, and 107 were located in what is classified as a rural area.
Homeownership rate in Cumberland is about 57.3%.
Cumberland's vacancy rate, including seasonal lodging, is about 14.2%.
Average household size is 2.2 people.
The majority of houses, apartments or condos in Cumberland were built after 1940.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 18% |
| Two Bedrooms | 26% |
| Three Bedrooms | 43% |
| Four Bedrooms | 8.70% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $60,600 |
| Median Price asked for vacant units | $38,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.95 |
| Median year structure was built | 1941 |
| Median Monthly Rent asked for vacant units | $326 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 5% |
| Simple Mortgage | 43% |
| Debt Free | 48.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
