Cumberland, IN Foreclosures
How much do homes sell for in Cumberland, IN?
The average home price is currently $293,996.
What’s the average rental cost in Cumberland, IN?
The average rental price in Cumberland is $1,321.
What is the most expensive home in Cumberland?
The most expensive home sold in Cumberland had a price of $888,751.
What is currently the cheapest priced home in Cumberland, IN?
The cheapest home for sale in Cumberland is priced at $87,970.
Living in Cumberland, IN
Cumberland, IN is a charming suburban town located just a short drive from Indianapolis. Known for its friendly atmosphere, the town offers excellent schools and numerous parks for outdoor activities. Residents appreciate the low cost of living and close-knit community feel, making it a great place to call home.
Current Market Conditions in Cumberland, IN
The current real estate market in Cumberland shows signs of growth, with prices steadily increasing over the past few months due to high demand and low inventory. Many buyers are drawn to the area for its family-friendly atmosphere and proximity to Indianapolis, leading to a competitive market.
Cumberland's market has seen a significant uptick in properties available, yet demand remains strong. Recent construction of new homes and the renovation of older properties highlight the area's potential for real estate investment. As families continue to seek out suburban options near the city, the trend of increasing property values is expected to continue.
Home Value Estimator For Cumberland, IN
There are currently 304 real estate properties
in Cumberland, IN,
with a median automated valuation model (AVM) price
of $235,436.00. 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 $293,996.00, with the most expensive house
in Cumberland, IN, topping out
at $888,751.00 and the cheapest home
in Cumberland, IN,
clocking in at $87,970.00. 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 $1,321.00. Indeed, when looking to rent in
Cumberland, IN, you can expect to pay as little
as $780.00 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.
Learn more on Foreclosure homes
