Cumberland, MD has a population of 20,084, while the median age is 40. The household income in Cumberland, MD is around $32,825. The homeownership rate among the residents is 52%. The median residential property value in Cumberland, MD that you should keep in mind is $89,600.
|Number Of Employees||8,046|
|Median Property Value||$89,600|
Over the Oct 2022, the average rent for an apartment in/near Cumberland, MD increased by 22.4% to $1,000.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at $500 with no changes this month. Pricing for 2-bed apartment also increased by 21.2% and a place of this size will now cost you $1,000. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $1,100 for a big-family home.
Looking at the median rent price for an apartment in Cumberland, MD, you can note that it remains flat with a price tag of $700. Statistics show that house rent price increased by 7.1% this month making it up to $1,000.