Real Estate Market Update for 21502 (Cumberland, MD)
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 25% from one year earlier, and did not change from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was 110-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 62%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 80-thousand dollars. The number of units sold increased 18% year-over-year, and increased 43% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 21502 (Cumberland, MD)
Area Information for 21502 (Cumberland, MD)
  • Population: 44,513
  • Median Age: 41.95 yr
  • Median Commute Time: 20 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 496/sq mi
  • Population Change Since 2000: 1.18%
  • Closest Airport: Arnold Palmer Regional
  • Closest College: Frostburg State University
  • Closest Jr. College: Allegany College Of Maryland
  • Median Household Income: $38,196
  • Annual Residential Turnover: 13%
  • Median Home Sales Price: $0
  • Closest Major Sports Team: Altoona Curve (aa)
  • Change Avg. Household Income Since 2000: 36.92%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 21502 (Cumberland, MD)
Median Age: 41.95 Married: 36% Number of Households: 17,160 Households with Children: 3,906
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 21502 (Cumberland, MD)

      School Name Distance Type Grades School Rating Parent Rating
      Beginnings- A Montessori Preschool And Kindergart 0.3 mi Private PRESCHOOL-6 0 0
      Fort Hill High School 0.7 mi Public 9-12 2 4
      West Side Elementary School 0.8 mi Public PRESCHOOL-5 2 4
      Allegany High School 1.0 mi Public 9-12 3 3
      South Penn Elementary School 1.1 mi Public PRESCHOOL-5 1 0
      The Jefferson School At Finan Center 1.2 mi Private K-12 0 0
      Washington Middle School 1.2 mi Public 6-8 2 0
      Braddock Middle School 1.2 mi Public 6-8 3 0
      Northeast Elementary School 1.8 mi Public PRESCHOOL-5 3 0
      Bishop Walsh School 1.9 mi Catholic PRESCHOOL-12 0 0
      John Humbird Elementary School 1.9 mi Public PRESCHOOL-5 2 0
      Lighthouse Christian Academy 2.0 mi Private PRESCHOOL-12 0 0
      Cash Valley Elementary School 3.1 mi Public PRESCHOOL-5 3 0
      Parkside Elementary School 3.8 mi Public PRESCHOOL-5 4 0
      Center For Career & Technology Education 5.0 mi Public 11-12 2 4
      Calvary Christian Academy 5.4 mi Private PRESCHOOL-12 0 0
      Cresaptown Elementary School 5.8 mi Public PRESCHOOL-5 3 0
      Bel Air Elementary School 7.2 mi Public PRESCHOOL-5 3 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 21502 (Cumberland, MD)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.