Cumberland County, New Jersey Housing Market Prices
Cumberland County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 50% below the New Jersey median Among the top 3 cheapest counties in New Jersey$178,114
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Median rent 25% below the New Jersey median Among the top 3 cheapest counties in New Jersey$1,282
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cumberland County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $178,114 | $352,792 | $248,835 |
| Price Trend (Annual %) | 5.2% | 4.4% | 7.5% |
| Median Gross Rent | $1,282 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cumberland County is about 50% lower than in New Jersey. Rent is about 25% lower than the New Jersey average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cumberland County, up about 5.2% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Cumberland County rose about 30.6% between 2015 and 2024, from $981 to $1,282. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Cumberland County.
Buying the median-priced home in Cumberland County costs roughly 11.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cumberland County. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Cumberland County | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $178,114 | $352,792 | $248,835 |
| Median Household Income | $68,265 | $103,817 | $80,455 |
| Price-to-Income Ratio | 2.6 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cumberland County rose about 86.3%, while median household income rose about 30.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cumberland County | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.5% | 59.1% | 58.5% |
| Rental Rate | 31.4% | 33.5% | 31.2% |
| Vacancy Rate | 6.1% | 7.5% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
Cumberland County has a homeownership rate of 62.5%, higher than the New Jersey average of 59.1%. Its housing vacancy rate is 6.1%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Cumberland County | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.68 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1971 | 1968 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Cumberland County was built around 1971. On average, 2.7 people live in a home with about 5.7 rooms, staying for about 19.0 years on average.
Cumberland County, NJ Housing Compared With Nearby Counties
Cumberland County, NJ is the 4th largest of the 6 counties compared here, 153,308 residents against a local median of 187,603. Where Cumberland County, NJ breaks from the counties next to it is median home price, sitting 26% below the local median of $239,503 at $178,114.
The counties themselves spread $229,789 on median home price, so Cumberland County, NJ sits at one end of an already wide local range rather than apart from it. Cumberland County, NJ has the 5th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cumberland County, NJ | 153,308 | $178,114 #5/6 | $1,282 #5/6 | 66.5% #5/6 |
| Salem County, NJ | 65,196 | $146,481 | $1,253 | 71.0% |
| Cape May County, NJ | 94,930 | $376,270 | $1,360 | 80.3% |
| Gloucester County, NJ | 306,962 | $186,863 | $1,530 | 80.1% |
| Kent County, DE | 187,603 | $239,515 | $1,354 | 72.5% |
| Camden County, NJ | 526,561 | $239,503 | $1,402 | 64.7% |
Frequently Asked Questions
Common questions about the housing market in Cumberland County, New Jersey.
What is the median home price in Cumberland County, New Jersey?
The median home price in Cumberland County, New Jersey is $178,114, lower than the New Jersey average of $352,792.
What is the average home price in Cumberland County, New Jersey?
The typical home price in Cumberland County, New Jersey, reported as the median sale price, is $178,114. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cumberland County, New Jersey?
The median gross rent in Cumberland County, New Jersey is $1,282 per month, lower than the New Jersey average of $1,719.
What was the median gross rent in Cumberland County in 2020?
In 2020, the median gross rent in Cumberland County, New Jersey was $1,081 per month.
What is the price-to-rent ratio in Cumberland County, New Jersey?
The price-to-rent ratio in Cumberland County, New Jersey is about 11.6, meaning it would take roughly 11.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cumberland County.
Are home prices or rent rising faster in Cumberland County, New Jersey?
Both home prices and rent are rising in Cumberland County, up about 5.2% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cumberland County, New Jersey?
62.5% of households in Cumberland County, New Jersey own their home, higher than the New Jersey average of 59.1%.
What is the vacancy rate in Cumberland County, New Jersey?
The housing vacancy rate in Cumberland County, New Jersey is 6.1%, lower than the New Jersey average of 7.5%.
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