Cumberland, IN Foreclosures
How much do homes sell for in Cumberland, IN?
The average home price is currently $302,874.
What’s the average rental cost in Cumberland, IN?
The average rental price in Cumberland is $1,316.
What is the most expensive home in Cumberland?
The most expensive home sold in Cumberland had a price of $884,295.
What is currently the cheapest priced home in Cumberland, IN?
The cheapest home for sale in Cumberland is priced at $86,690.
Living in Cumberland, IN
Cumberland, IN is a close-knit suburban community located just minutes from Indianapolis. Offering a range of amenities, parks, and activities, it is an ideal place for families and professionals looking for a balanced lifestyle. Enjoy the tranquility of suburban living with the excitement of the city just a stone's throw away.
Current Market Conditions in Cumberland, IN
The real estate market in Cumberland, IN has shown steady activity in recent months, with a growing interest from buyers looking for affordable housing options close to Indianapolis. The demand for homes has led to a slight increase in prices, but they still remain competitive compared to neighboring areas. The community's appeal combined with its proximity to major highways makes it a popular choice for both first-time home buyers and families.
In the past year, the market has observed a trend of homes selling faster than the previous periods, indicating a robust demand across various price ranges. New construction projects have also been initiated to accommodate the growing population, particularly attracting young families and individuals seeking a quieter lifestyle.
Home Value Estimator For Cumberland, IN
There are currently 402 real estate properties
in Cumberland, IN,
with a median automated valuation model (AVM) price
of $271,694.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cumberland, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Cumberland, IN,
is $302,874.00, with the most expensive house
in Cumberland, IN, topping out
at $884,295.00 and the cheapest home
in Cumberland, IN,
clocking in at $86,690.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cumberland, IN!
Rent Prices
In Cumberland, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cumberland, IN, is on
a rollercoaster ride. The
average rent price in Cumberland, IN,
is $1,316.00. Indeed, when looking to rent in
Cumberland, IN, you can expect to pay as little
as $700.00 or as much
as $2,850.00,
with the average rent median estimated to
be $1,170.00. The good news is that finding
an affordable and desirable property to rent in Cumberland, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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