Home prices
The median home value in Cumberland is $94,100. This is approximately $14,080 (13%) lower compared to its surrounding areas.It is about $123,400 (56%) lower compared to the entire nation, and compared to the city of Harrisonburg it is roughly $109,500 (53%) lower.
Rents
In Cumberland the median monthly rent is $662. This is approximately $86 (11%) lower compared to its nearby areas.In comparison to the US as a whole it is roughly $400 (37%) lower, and compared to the city of Harrisonburg it is approximately $221 (25%) lower.
Nearby places
Ridgeley
Ridgeley is Cumberland's neighbor to the southwest. The real estate prices there are somewhat less expensive. The cost of the median home in Ridgeley is $75,700, which works out to $18,400 (24%) lower than Cumberland. The rent there is fairly similar. The median rent in Ridgeley is $633 per month, which works out to $29 (4%) lower than Cumberland.
Carpendale
Carpendale is Cumberland's neighbor to the southwest. Housing prices there are somewhat more expensive. The price of the median home in Carpendale is $118,500, which comes out to $24,400 (20%) higher than Cumberland. Its rents are somewhat more expensive. In Carpendale the median rent is $860 a month, which comes out to $198 (23%) higher than Cumberland.
La Vale
La Vale is Cumberland's neighbor to the west. Its housing prices are substantially more expensive. La Vale's median home value is $157,100, which works out to $63,000 (40%) higher than Cumberland. Rent there is a bit more expensive. La Vale's median monthly rent is $758, which works out to $96 (12%) higher than Cumberland.
Bowling Green
Bowling Green is Cumberland's neighbor to the southwest. The real estate prices there are somewhat more expensive. The median home value in Bowling Green is $104,600, which comes out to $10,500 (10%) higher than Cumberland. The rent there is similar. In Bowling Green the median rent is $675 per month, which works out to $13 (1%) higher than Cumberland.
Wiley Ford
Wiley Ford is roughly 2 miles south from Cumberland. The housing prices there are a little less expensive. Wiley Ford's median home value is $85,000, which works out to $9,100 (10%) lower than Cumberland. Rents there are a little more expensive. The median rent in Wiley Ford is $813 a month, which comes out to $151 (18%) higher than Cumberland.
