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Rent To Own Homes in Cumberland, ME

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Cumberland, ME Foreclosures

How much do homes sell for in Cumberland, ME?
The average home price is currently $746,960.
In Cumberland, ME, how many homes are available?
There are currently 2 active home listings available in Cumberland.
What’s the average rental cost in Cumberland, ME?
The average rental price in Cumberland is $2,193.
What is the most expensive home in Cumberland?
The most expensive home sold in Cumberland had a price of $3,802,324.
What is currently the cheapest priced home in Cumberland, ME?
The cheapest home for sale in Cumberland is priced at $23,040.

Living in Cumberland, ME

Cumberland, ME is a picturesque town offering a blend of rural charm and suburban convenience. With a strong emphasis on community and education, it attracts families and individuals alike. The town features an array of outdoor activities, beautiful parks, and a commitment to maintaining a high quality of life.

Current Market Conditions in Cumberland, ME

Currently, the real estate market in Cumberland, ME is robust with demand outpacing supply. The area's appealing lifestyle and schools draw buyers from nearby urban centers, leading to competitive bidding situations for homes. Homes are selling quickly, often within a few weeks of being listed, highlighting the desirability of the area for prospective homeowners.

Home Value Estimator For Cumberland, ME

There are currently 2,447 real estate properties in Cumberland, ME, with a median automated valuation model (AVM) price of $688,235.00. 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, ME, 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, ME, is $746,960.00, with the most expensive house in Cumberland, ME, topping out at $3,802,324.00 and the cheapest home in Cumberland, ME, clocking in at $23,040.00. In other words, there’s something for every potential homebuyer or savvy investor in Cumberland, ME!

Rent Prices In Cumberland, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cumberland, ME, is on a rollercoaster ride. The average rent price in Cumberland, ME, is $2,193.00. Indeed, when looking to rent in Cumberland, ME, you can expect to pay as little as $1,000.00 or as much as $3,360.00, with the average rent median estimated to be $2,190.00. The good news is that finding an affordable and desirable property to rent in Cumberland, ME -- 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, ME Rent To Own Homes

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