Cumberland Hill, RI Real Estate
According to census data in the year 2000 there were 3,095 housing units in Cumberland Hill.
This represents a 16.8% growth from 2,649 in 1990.
Of those housing units, 3,095 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 Hill is about 81.2%.
Cumberland Hill's vacancy rate, including seasonal lodging, is about 1.4%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Cumberland Hill were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 6.80% |
| Two Bedrooms | 35.70% |
| Three Bedrooms | 44.50% |
| Four Bedrooms | 11.40% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.8 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $141,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.31 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $625 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 9.60% |
| Simple Mortgage | 60.80% |
| Debt Free | 23.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
