CUMBERLAND HOUSING MARKET INFORMATION With a population of 36,591, 14,109 total housing units (homes and apartments), and a median house value of $499,942, Cumberland real estate prices are well above average cost compared to national prices. Single-family detached homes are the single most common housing type in Cumberland, accounting for 68.83% of the town's housing units. Other types of housing that are prevalent in Cumberland include large apartment complexes or high rise apartments ( 14.12%), duplexes, homes converted to apartments or other small apartment buildings ( 12.21%), and a few row houses and other attached homes ( 4.21%). Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cumberland. Owner-occupied housing accounts for 75.94% of Cumberland's homes, and 60.49% have either three or four bedrooms, which is average sized relative to America. There is a lot of housing in Cumberland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cumberland built between 1940-1969 ( 36.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.60%). There's also some housing in Cumberland built before 1939 ( 12.43%). CUMBERLAND HOME APPRECIATION RATES Appreciation rates for homes in Cumberland have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 108.37%, which ranks in the top 30% nationwide. This equates to an annual average Cumberland house appreciation rate of 7.62%. Appreciation rates are so strong in Cumberland that despite a nationwide downturn in the housing market, Cumberland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cumberland appreciation rates continue to be some of the highest in America, at 10.17%, which is higher than appreciation rates in 82.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cumberland. Cumberland appreciation rates in the latest quarter were at 2.49%, which equates to an annual appreciation rate of 10.34%. Relative to Rhode Island, our data show that Cumberland's latest annual appreciation rate is higher than 60% of the other cities and towns in Rhode Island. One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Cumberland differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Cumberland - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cumberland real estate investment or home purchase decisions.