Cumberland, IN Real Estate
According to census data in the year 2000 there were 2,084 housing units in Cumberland.
This represents a 20.2% growth from 1,734 in 1990.
Of those housing units, 2,084 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Cumberland is about 72.7%.
Cumberland's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 2.73 people.
The majority of houses, apartments or condos in Cumberland were built after 1983.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 10.30% |
| Two Bedrooms | 18.20% |
| Three Bedrooms | 47.50% |
| Four Bedrooms | 18.90% |
| Five Bedrooms or more | 4.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.96 |
| Median year structure was built | 1986 |
| Median Value of occupied units | $142,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $563 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 10.80% |
| Home Equity Loan | 14.50% |
| Simple Mortgage | 54.40% |
| Debt Free | 19.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.2% |
