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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||5%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16.8%|