Cumberland, KY Foreclosures
How much do homes sell for in Cumberland, KY?
The average home price is currently $82,500.
In Cumberland, KY, how many homes are available?
There are currently 5 active home listings available in Cumberland.
What’s the average rental cost in Cumberland, KY?
The average rental price in Cumberland is $690.
What is the most expensive home in Cumberland?
The most expensive home sold in Cumberland had a price of $571,034.
What is currently the cheapest priced home in Cumberland, KY?
The cheapest home for sale in Cumberland is priced at $14,532.
Living in Cumberland, KY
Cumberland, KY, is a quaint city in the Appalachian region, offering a serene lifestyle surrounded by nature. With a close-knit community, access to education, and plenty of outdoor activities, it’s an ideal place for families and retirees alike. The local culture is vibrant, with events and festivals showcasing its rich heritage.
Current Market Conditions in Cumberland, KY
The real estate market in Cumberland is currently stable with a slight increase in home values due to a growing interest in rural living. Properties are often priced affordably, making it an attractive option for first-time buyers and investors looking for rental properties.
In recent months, there has been an uptick in home sales as more people seek out homes in less densely populated areas with outdoor access, especially during the pandemic. This shift has led to an increased competition for available listings, although the market remains accessible.
Overall, Cumberland presents an appealing real estate market, characterized by its affordability and potential for appreciation as more individuals discover the charm of this region.
Home Value Estimator For Cumberland, KY
There are currently 955 real estate properties
in Cumberland, KY,
with a median automated valuation model (AVM) price
of $66,013.00. 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, KY, 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, KY,
is $82,500.00, with the most expensive house
in Cumberland, KY, topping out
at $571,034.00 and the cheapest home
in Cumberland, KY,
clocking in at $14,532.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cumberland, KY!
Rent Prices
In Cumberland, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cumberland, KY, is on
a rollercoaster ride. The
average rent price in Cumberland, KY,
is $690.00. Indeed, when looking to rent in
Cumberland, KY, you can expect to pay as little
as $420.00 or as much
as $1,400.00,
with the average rent median estimated to
be $680.00. The good news is that finding
an affordable and desirable property to rent in Cumberland, KY
-- 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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