Cumberland, VA—23040
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cumberland, VA
Cumberland, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $265,000 | 2.1% |
| Single Family | $265,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $195,000 | -1.0% |
3 Bed | $293,000 | 3.5% |
4 Bed | $379,000 | 5.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cumberland, VA
As of July '25, Rentcast reports the average rent in Cumberland, VA is $1,300, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Cumberland, VA is 3-bedrooms: $1,300. The most common rental property sizes in Cumberland, VA are 3-bedroom and 2-bedroom, accounting for 78.9% and 16.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,300 | $1,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cumberland, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cumberland, VA is 57. This is a increase of 10.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $405,000 | 9.0% |
Listing Count | 23 | 14.0% |
| Listings as % of Homes | 1.1% | 14.0% |
Days on Market | 57 | 10.0% |
Demographics — Cumberland, VA
As of the latest ACS Survey released in 2023, Cumberland, VA has a population of 4,490, which has increased by 1.1% over the past 5 years. Cumberland, VA is a moderately popular place for families, as children make up 17.7% of the population. The area has a poorly educated workforce, with 10.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,490 | 1.1% |
% Under 18 | 17.7% | -19.5% |
% Seniors | 23.4% | 36.0% |
% WFH | 5.0% | -19.4% |
% w/ College Degree | 10.4% | -22.4% |
As of the latest ACS Survey released in 2023, Cumberland, VA is a predominantly white area, with 58.8% of the population identifying as white. The white population has grown by 1.6% in the last 5 years. The second most common race or ethnicity in Cumberland, VA is black, making up 39.0% of the population. Foreign-born residents account for 0.9% of the population in Cumberland, VA, and this percentage has decreased by 25.0% 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 | 58.8% | 1.6% |
% Black | 39.0% | 1.3% |
% Hispanic | 0.5% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.9% | -25.0% |
Mortgage and Risk — Cumberland, VA
According to HUD data as of 2023, there were 61 mortgage originations in Cumberland, VA, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Cumberland, VA. Investor activity is low, as 7.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 61 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Cumberland, VA
Cumberland, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | -$170 | $1,300 | $1,130 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Cumberland, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $265,000 |
| Median Household Income | $55,000 |