Cumberland, RI 02864 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cumberland, RI—02864

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$524,000

3.1% YoY Growth

Household Income

$119,000

37.6% YoY Growth

Days on Market

58.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$2,300

4.2% YoY Growth

1-Bed Rent

$2,100

7.0% YoY Growth

2-Bed Rent

$2,440

6.6% YoY Growth

3-Bed Rent

$1,850

17.9% YoY Growth

Home Price Trends — Cumberland, RI

As of May '25, the median home price in Cumberland, RI is $505,000, with a year-over-year change of 3.8%. This indicates that home prices in Cumberland, RI are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$524,000	3.1%
Single Family	$538,000	2.9%
Condos	$438,000	3.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Cumberland, RI

As of July '25, Rentcast reports the average rent in Cumberland, RI is $2,290, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Cumberland, RI is 1-bedrooms: $1,990, 2-bedrooms: $2,390, 3-bedrooms: $2,380, 4-bedrooms: $2,980. The most common rental property sizes in Cumberland, RI are 2-bedroom and 1-bedroom, accounting for 37.1% and 35.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,300	$2,290
Studio Rent	N/A	N/A
1 Bed Rent	$2,100	$1,990
2 Bed Rent	$2,440	$2,390
3 Bed Rent	$1,850	$2,380
4 Bed Rent	$2,800	$2,980

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% of Rental Stock

Studio

7.3%

1 Bedroom

35.3%

2 Bedrooms

37.1%

3 Bedrooms

17.3%

4 Bedrooms

2.1%

5+ Bedrooms

1.0%

Property Listings — Cumberland, RI

As of May '25, Realtor.com reports that the median days on market for a home in Cumberland, RI is 46. 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 10.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$580,000	12.0%
Listing Count	103	16.0%
Listings as % of Homes	0.5%	16.0%
Days on Market	27	58.0%

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Demographics — Cumberland, RI

As of the latest ACS Survey released in 2023, Cumberland, RI has a population of 36,400, which has increased by 5.1% over the past 5 years. Cumberland, RI is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 43.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	36,400	5.1%
% Under 18	22.1%	8.3%
% Seniors	17.6%	-1.7%
% WFH	11.2%	273.3%
% w/ College Degree	43.1%	12.8%

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As of the latest ACS Survey released in 2023, Cumberland, RI is a predominantly white area, with 83.3% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Cumberland, RI is hispanic, making up 5.7% of the population. Foreign-born residents account for 10.6% of the population in Cumberland, RI, and this percentage has decreased by 0.9% 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	83.3%	-6.8%
% Black	3.0%	172.7%
% Hispanic	5.7%	-13.6%
% Asian	3.6%	63.6%
% Foreign Born	10.6%	-0.9%

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Mortgage and Risk — Cumberland, RI

According to HUD data as of 2023, there were 808 mortgage originations in Cumberland, RI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Cumberland, RI. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	808
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Cumberland, RI

As of 2024, the percent of homes in Cumberland, RI under the Section 8 program is 22.2%. 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. In Cumberland, RI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	1,010
Total Units Section 8	734
% Rentals under Section 8	22.2%
% Occupied Section 8	82.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$840	$2,100	$1,260
2 Bedroom	-$910	$2,440	$1,530
3 Bedroom	$0	$1,850	$1,850
4 Bedroom	-$510	$2,800	$2,290

Cumberland, RI—02864

Key Metrics at a Glance

Home Price Trends — Cumberland, RI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cumberland, RI

% of Rental Stock

Property Listings — Cumberland, RI

Demographics — Cumberland, RI

Race and Ethnicity

Mortgage and Risk — Cumberland, RI

Mortgages

Rentals and Section 8 — Cumberland, RI

Section 8 Market Size

Section 8 Opportunity

Affordability — Cumberland, RI

Home Price to Income Ratio

Cumberland, RI — ZIP Code Boundary Map

Nearby ZIP Codes

Albion

Manville, RI

Lincoln, RI

North Attleboro, MA

Central Falls, RI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$524,000
Median Household Income	$119,000

Cumberland, RI—02864

Key Metrics at a Glance

Home Price Trends — Cumberland, RI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cumberland, RI

% of Rental Stock

Property Listings — Cumberland, RI

Demographics — Cumberland, RI

Race and Ethnicity

Mortgage and Risk — Cumberland, RI

Mortgages

Rentals and Section 8 — Cumberland, RI

Section 8 Market Size

Section 8 Opportunity

Affordability — Cumberland, RI

Home Price to Income Ratio

Cumberland, RI — ZIP Code Boundary Map

Nearby ZIP Codes

Albion

Manville, RI

Lincoln, RI

North Attleboro, MA

Central Falls, RI

Frequently Asked Questions

What is the average home price in Cumberland, RI 02864?

How have home prices in Cumberland, RI 02864 changed over the past year?

What is the home price projection for Cumberland, RI 02864?

What are the demographics of Cumberland, RI 02864?

How long does it take homes to sell in Cumberland, RI 02864?

What is the average rent price in Cumberland, RI 02864?