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Bankruptcy Homes in Cumberland, MD

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Cumberland, MD Foreclosures

How much do homes sell for in Cumberland, MD?
The average home price is currently $165,453.
In Cumberland, MD, how many homes are available?
There are currently 37 active home listings available in Cumberland.
What’s the average rental cost in Cumberland, MD?
The average rental price in Cumberland is $1,075.
What is the most expensive home in Cumberland?
The most expensive home sold in Cumberland had a price of $39,966,988.
What is currently the cheapest priced home in Cumberland, MD?
The cheapest home for sale in Cumberland is priced at $8,025.

Living in Cumberland, MD

Cumberland, MD is a picturesque city located in the Appalachian Mountains of Western Maryland, known for its rich history and vibrant cultural scene. This charming community offers a mix of outdoor recreational activities and urban amenities, making it a great choice for families and outdoor enthusiasts alike. With its historic downtown, diverse dining options, and scenic views, Cumberland provides a unique blend of mountain charm and small-town warmth.

Current Market Conditions in Cumberland, MD

Cumberland's real estate market has shown steady growth over the past year, driven by a combination of affordable housing and a growing interest from buyers looking for a quieter lifestyle outside urban centers. Average home prices remain below the national average, making it an attractive option for first-time homebuyers and retirees alike.

Currently, inventory levels are somewhat low, resulting in balanced market conditions. This offers both buyers and sellers advantages depending on the timing of their respective transactions.

Home Value Estimator For Cumberland, MD

There are currently 12,556 real estate properties in Cumberland, MD, with a median automated valuation model (AVM) price of $129,678.00. 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, MD, 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, MD, is $165,453.00, with the most expensive house in Cumberland, MD, topping out at $39,966,988.00 and the cheapest home in Cumberland, MD, clocking in at $8,025.00. In other words, there’s something for every potential homebuyer or savvy investor in Cumberland, MD!

Rent Prices In Cumberland, MD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cumberland, MD, is on a rollercoaster ride. The average rent price in Cumberland, MD, is $1,075.00. Indeed, when looking to rent in Cumberland, MD, you can expect to pay as little as $510.00 or as much as $2,620.00, with the average rent median estimated to be $1,040.00. The good news is that finding an affordable and desirable property to rent in Cumberland, MD -- 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.

Cumberland, MD Bankruptcy Homes

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