Cumberland, ME—04021
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Cumberland, ME
Home Price Trends — Cumberland, ME
As of Oct '25, the median home price in Cumberland, ME is $676,000, with a year-over-year change of 0.0%. This indicates that home prices in Cumberland, ME are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $676,000 | 0.0% |
| Single Family | $688,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $467,000 | 0.0% |
3 Bed | $638,000 | 0.3% |
4 Bed | $832,000 | -0.7% |
| 5 Bed | $1,051,000 | -0.3% |
% of Housing Stock
Rental Trends — Cumberland, ME
As of July '25, Rentcast reports the average rent in Cumberland, ME is $2,600, with a year-over-year rent change of -38.8%. Per bedroom, the median rent as of July '25 in Cumberland, ME is 3-bedrooms: $2,600. The most common rental property sizes in Cumberland, ME are 1-bedroom and 2-bedroom, accounting for 52.9% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,600 | $2,600 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cumberland, ME
As of Oct '25, Realtor.com reports that the median days on market for a home in Cumberland, ME is 66. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $644,000 | -30.0% |
Listing Count | 25 | 68.0% |
| Listings as % of Homes | 0.2% | 68.0% |
Days on Market | 66 | -4.0% |
Demographics — Cumberland, ME
As of the latest ACS Survey released in 2023, Cumberland, ME has a population of 6,630, which has increased by 2.3% over the past 5 years. Cumberland, ME is a popular place for families, as children make up 29.2% of the population. The area has a highly educated workforce, with 69.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,630 | 2.3% |
% Under 18 | 29.2% | 7.7% |
% Seniors | 13.5% | -8.2% |
% WFH | 26.1% | 586.8% |
% w/ College Degree | 69.6% | 9.1% |
As of the latest ACS Survey released in 2023, Cumberland, ME is a predominantly white area, with 92.8% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Cumberland, ME is hispanic, making up 1.7% of the population. Foreign-born residents account for 3.2% of the population in Cumberland, ME, and this percentage has decreased by 23.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.8% | 0.2% |
% Black | 0.5% | -37.5% |
% Hispanic | 1.7% | -61.4% |
% Asian | 1.3% | 62.5% |
% Foreign Born | 3.2% | -23.8% |
Mortgage and Risk — Cumberland, ME
According to HUD data as of 2023, there were 203 mortgage originations in Cumberland, ME, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Cumberland, ME. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 203 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Cumberland, ME
Cumberland, ME lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 8.5% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,590 |
| 2 Bedroom | N/A | N/A | $2,050 |
| 3 Bedroom | -$90 | $2,600 | $2,510 |
| 4 Bedroom | N/A | N/A | $2,820 |
Affordability — Cumberland, ME
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $676,000 |
| Median Household Income | $146,000 |