Cumberland County, Virginia 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.
-
Median home price 96% below the Virginia median Cheapest county in Virginia$9,807
-
Median rent 44% below the Virginia median Cheaper than 72% of counties in Virginia$877
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cumberland County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $9,807 | $256,082 | $248,835 |
| Price Trend (Annual %) | -18.6% | 3.5% | 7.5% |
| Median Gross Rent | $877 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 0.7% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cumberland County is about 96% lower than in Virginia. Rent is about 44% lower than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2018-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Cumberland County: home prices fell about 18.6% a year while rent rose about 0.7% a year. That is an unusual pattern worth watching.
Median rent in Cumberland County rose about 1.2% between 2015 and 2024, from $866 to $877. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Cumberland County.
Buying the median-priced home in Cumberland County costs roughly 0.9 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 Virginia is about 13.5.
| Metric | Cumberland County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $9,807 | $256,082 | $248,835 |
| Median Household Income | $56,187 | $93,527 | $80,455 |
| Price-to-Income Ratio | 0.2 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2018 and 2024, the median home price in Cumberland County fell about 95.6%, while median household income rose about 41.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cumberland County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.3% | 61.5% | 58.5% |
| Rental Rate | 20.4% | 29.8% | 31.2% |
| Vacancy Rate | 15.3% | 8.7% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Cumberland County has a homeownership rate of 64.3%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 15.3%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Cumberland County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1982 | 1982 | 1978 |
| Median Number of Rooms | 5.9 | 6.0 | 5.5 |
The typical housing unit in Cumberland County was built around 1982. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 18.0 years on average.
Cumberland County, VA Housing Compared With Nearby Counties
How Cumberland County, VA compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cumberland County, VA | 9,818 | $9,807 #2/2 | $877 #2/2 | 75.9% #2/2 |
| Fluvanna County, VA | 28,092 | $411,111 | $1,204 | 88.7% |
Frequently Asked Questions
Common questions about the housing market in Cumberland County, Virginia.
What is the median home price in Cumberland County, Virginia?
The median home price in Cumberland County, Virginia is $9,807, lower than the Virginia average of $256,082.
What is the average home price in Cumberland County, Virginia?
The typical home price in Cumberland County, Virginia, reported as the median sale price, is $9,807. 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, Virginia?
The median gross rent in Cumberland County, Virginia is $877 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Cumberland County in 2020?
In 2020, the median gross rent in Cumberland County, Virginia was $705 per month.
What is the price-to-rent ratio in Cumberland County, Virginia?
The price-to-rent ratio in Cumberland County, Virginia is about 0.9, meaning it would take roughly 0.9 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, Virginia?
Home prices and rent are moving in opposite directions in Cumberland County: home prices fell about 18.6% a year while rent rose about 0.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Cumberland County, Virginia?
64.3% of households in Cumberland County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Cumberland County, Virginia?
The housing vacancy rate in Cumberland County, Virginia is 15.3%, higher than the Virginia average of 8.7%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →