Home prices
The median home in Cumberland is valued at $156,300. It is about $13,660 (8%) lower compared to its surrounding areas.Compared to the nation as a whole it is approximately $61,200 (28%) lower, and it is approximately $44,400 (22%) lower in comparison to the city of Bloomington.
Rents
Cumberland's median rent is $835 a month. This is roughly $138 (14%) lower in comparison to nearby areas.Compared to the country as a whole it is roughly $227 (21%) lower, and in comparison to the city of Bloomington is roughly $82 (8%) lower.
Nearby places
Spring Lake
Spring Lake is about 4 miles east of Cumberland. Housing prices there are a little less expensive. The median home in Spring Lake costs $131,700, which comes out to $24,600 (18%) lower than Cumberland. Rent there is a little more expensive. The median rent in Spring Lake is $933 a month, which works out to $98 (10%) higher than Cumberland.
New Palestine
New Palestine is roughly 4 miles southeast of Cumberland. Its real estate prices are somewhat more expensive. New Palestine's median home cost is $202,900, which is $46,600 (22%) higher than Cumberland. Rent there is somewhat more expensive. New Palestine's median rent is $1,007 per month, which works out to $172 (17%) higher than Cumberland.
Warren Park
Warren Park is approximately 4 miles west from Cumberland. The housing prices there are a bit less expensive. The median home in Warren Park is valued at $136,500, which comes out to $19,800 (14%) lower than Cumberland. The rent there is a little less expensive. In Warren Park the median rent is $792 a month, which is $43 (5%) lower than Cumberland.
Lawrence
Lawrence is approximately 6 miles north of Cumberland. Its housing prices are a little less expensive. Lawrence's median home price is $148,700, which works out to $7,600 (5%) lower than Cumberland. Rents there are a bit more expensive. In Lawrence the median rent is $903 a month, which is $68 (7%) higher than Cumberland.
McCordsville
McCordsville is roughly 7 miles north from Cumberland. The housing prices there are a lot more expensive. The median home price in McCordsville is $230,000, which works out to $73,700 (32%) higher than Cumberland. Rent there is substantially more expensive. McCordsville's median rent is $1,228 a month, which comes out to $393 (32%) higher than Cumberland.
