The typical owner-occupied home in Cumberland is worth about $82,800, 61% below the Ohio median of $214,800 and 75% below the national median of $332,700. Owners pay a median $822 a year in property taxes, about 0.99% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $56,607 a year, so the median home costs 1.5 times the median income (3.0 times for Ohio). 86% of occupied homes here are lived in by their owners, and 30% of those owners still have a mortgage.
Cumberland at a glance
| Cumberland | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $82,800 | $214,800 | $332,700 |
| Median property tax paid per year | $822 | $2,822 | $3,119 |
| Property tax as a share of value | 0.99% | 1.31% | 0.94% |
| Median household income | $56,607 | $71,389 | $80,734 |
| Homes lived in by their owners | 86% | 67% | 65% |
| Owner homes with a mortgage | 30% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,159 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 13.3% | 18.6% | 21.0% |
| Median rent | $744 | $1,034 | $1,413 |
| Rent as a share of renters' income | 25.8% | 28.3% | 30.6% |
| Median year homes were built | 1938 | 1970 | 1980 |
| Vacant homes | 10.8% | 8.1% | 10.1% |
| Population | 319 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Cumberland
At this week's average 30-year rate of 7.11%, buying the median Cumberland home of $82,800 with 20% down costs about $548 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $686, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $23,503 for the 20%-down payment. That payment is 12% of the median Cumberland household income of $56,607; at that income and 20% down, the 28% guideline points to a home of about $199,000.
The median rent here is $744 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,560 |
|---|---|
| Loan amount | $66,240 |
| Principal and interest | $446 |
| Property taxes (0.99% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $548 |
Change the numbers in the calculator
| Down payment | $2,898 |
|---|---|
| Loan amount | $81,300 |
| Principal and interest | $547 |
| Property taxes (0.99% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $37 |
| Total per month | $686 |
Change the numbers in the calculator
Questions about home buying in Cumberland
What is the median home value in Cumberland?
About $82,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cumberland?
Homeowners pay a median $822 a year, which is about 0.99% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Cumberland?
For the median home with 20% down at 7.11%, the payment is about $548 a month. Keeping that under 28% of gross income takes about $23,503 a year.
More about Cumberland
- Mortgage Refinance in Cumberland
- Debt Relief in Cumberland
- Home Equity Loans in Cumberland
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data