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, Indiana, is a charming small town situated just outside Indianapolis. Known for its strong community ties and vibrant parks, it is an ideal place for families and outdoor enthusiasts alike. With excellent schools and convenient access to urban amenities, Cumberland offers a unique blend of tranquility and accessibility.
Current Market Conditions in Cumberland, IN
The real estate market in Cumberland remains strong, characterized by a steady demand for single-family homes, particularly among young families and professionals seeking a suburban lifestyle. The average home price continues to grow, reflecting the desirability of the area due to its proximity to Indianapolis and various amenities.
Current trends indicate a scarcity of listings, leading to competitive bidding situations for newcomers. Many homes are attracting significant interest, often selling above asking price in a matter of days.
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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