Cumberland, MD—21502
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cumberland, MD
As of Oct '25, the median home price in Cumberland, MD is $149,000, with a year-over-year change of 7.6%. This indicates that home prices in Cumberland, MD are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $149,000 | 7.6% |
| Single Family | $149,000 | 7.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $118,000 | 6.3% |
3 Bed | $158,000 | 7.5% |
4 Bed | $218,000 | 6.9% |
| 5 Bed | $253,000 | 6.3% |
% of Housing Stock
Rental Trends — Cumberland, MD
As of July '25, Rentcast reports the average rent in Cumberland, MD is $1,080, with a year-over-year rent change of 5.9%. Per bedroom, the median rent as of July '25 in Cumberland, MD is studios: $1,110, 1-bedrooms: $869, 2-bedrooms: $1,000, 3-bedrooms: $1,180, 4-bedrooms: $1,610. The most common rental property sizes in Cumberland, MD are 2-bedroom and 1-bedroom, accounting for 29.9% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,040 | $1,080 |
| Studio Rent | $799 | $1,110 |
| 1 Bed Rent | $750 | $869 |
| 2 Bed Rent | $1,000 | $1,000 |
| 3 Bed Rent | $1,100 | $1,180 |
| 4 Bed Rent | $1,500 | $1,610 |
% of Rental Stock
Property Listings — Cumberland, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Cumberland, MD is 60. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $167,000 | 2.0% |
Listing Count | 195 | -2.0% |
| Listings as % of Homes | 0.6% | -2.0% |
Days on Market | 60 | 8.0% |
Demographics — Cumberland, MD
As of the latest ACS Survey released in 2023, Cumberland, MD has a population of 41,800, which has decreased by -1.8% over the past 5 years. Cumberland, MD is a moderately popular place for families, as children make up 17.3% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,800 | -1.8% |
% Under 18 | 17.3% | -3.4% |
% Seniors | 21.4% | 10.9% |
% WFH | 10.1% | 461.1% |
% w/ College Degree | 20.3% | 6.8% |
As of the latest ACS Survey released in 2023, Cumberland, MD is a predominantly white area, with 83.2% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Cumberland, MD is black, making up 9.4% of the population. Foreign-born residents account for 2.2% of the population in Cumberland, MD, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.2% | -1.0% |
% Black | 9.4% | -15.3% |
% Hispanic | 2.1% | 10.5% |
% Asian | 0.8% | 14.3% |
% Foreign Born | 2.2% | 0.0% |
Mortgage and Risk — Cumberland, MD
According to HUD data as of 2023, there were 593 mortgage originations in Cumberland, MD, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Cumberland, MD. Investor activity is low, as 4.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 593 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Cumberland, MD
As of 2024, the percent of homes in Cumberland, MD under the Section 8 program is 17.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Cumberland, MD, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,109 |
Total Units Section 8 | 826 |
% Rentals under Section 8 | 17.5% |
% Occupied Section 8 | 89.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $750 | $780 |
| 2 Bedroom | -$30 | $1,000 | $970 |
| 3 Bedroom | $180 | $1,100 | $1,280 |
| 4 Bedroom | -$60 | $1,500 | $1,440 |
Affordability — Cumberland, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $149,000 |
| Median Household Income | $58,700 |