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Cumberland Mortgage Quotes And Real Estate


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Cumberland Mortgage and Real Estate Facts

Overview

In Cumberland residents live in 12,198 "housing units" (houses, condos, rentals, etc.). According to the 2000 census, 77% of the housing in the town was owner-occupied.

Cumberland Mortgage

As with most places, mortgages are a fact of life for home owners in Cumberland; 71% of houses there have a mortgage. If you're thinking about using a second mortgage or home equity loan on your place in the town, you're not alone. About 16% of home owners have done that.

Mortgage and interest rate quotes for the Cumberland area (or anywhere else you choose in the US) are available, without obligation or credit checks:

Cumberland Mortgage Statistics

CategoryValue
Homes With No Mortgage29%
With A Mortgage71%
First Mortgage Only55%
Second Mortgage or Home Equity Loan16%
Second Mortgage Only6%
Home Equity Loan Only10%

Cumberland Housing Expenses

CategoryValue
Owner Costs as % of Income19.7%
Median Real Estate Taxes (2000)$2,526

Cumberland Household Size

CategoryValue
Total Occupied12,198
1-Person Households22%
2-Person Households34%
3-Person Households18%
4-Person Households17%
5-Person Households7%
6-Person Households1%
7+-Person Households0%

Cumberland Housing Stock

CategoryValue
Median Year Built1963
Median Year Built (Owner Occupied)1965
Median Year Built (Renter Occupied)1955

Cumberland Home Heating

CategoryValue
Using Utility Co. Gas Heat44%
Using Bottled/Tank Gas Heat1%
Using Electric Heat2%
Using Oil Heat52%
Using Coal0%
Using Wood Heating1%
Using Solar Heat0%
Other Heating0%
No Heating0%

Cumberland Housing Size

CategoryValue
No Bedrooms0%
1 Bedroom2%
2 Bedrooms20%
3 Bedrooms55%
4 Bedrooms20%
5+ Bedrooms3%

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