Cumberland, MD-WV
The numbers that matter most
What an investor checks first when sizing up a new metro — affordability ratio, rent vs income, cap rate proxy, and where the market is moving. Each metric shown vs. state and national medians for instant context.
affordable
Price to income
2.66×
The single most-cited 'is this market still cheap' check. Below 3× and you're in an affordability tailwind.
- vs Maryland
- 3.39×-0.72
- vs U.S.
- 3.43×-0.77
Benchmark
ACS median home value ÷ median HHI
comfortable
Rent to income
18.8%
What share of a typical household's income goes to rent. Below 30% means tenants can absorb modest rent increases.
- vs Maryland
- 22.9%-4.1
- vs U.S.
- 23.3%-4.4
Benchmark
(HUD FMR 2BR × 12) ÷ median HHI
deal-by-deal
Cap rate proxy
4.60%
Rough first-pass yield assuming a 35% expense ratio. Not an underwriting number — a 'is this even worth modeling' filter.
- vs Maryland
- 3.88%+0.72
- vs U.S.
- 4.35%+0.25
Benchmark
(FMR 2BR × 12 × 0.65) ÷ ACS median home value
steady
Net migration
+0.13%
Forward-looking demand signal. Positive net migration drives rent growth and absorbs new supply.
- vs Maryland
- 0.04%+0.09
- vs U.S.
- 0.03%+0.10
Benchmark
IRS net migration ÷ population
tight
Permit pipeline
0.86
permits per 1,000 residents
Forward-supply indicator. Above ~5 means the metro is building meaningfully relative to its size; below 2 means supply is tight.
- vs Maryland
- 2.17
- vs U.S.
- 3.52
Benchmark
Census BPS permits TTM ÷ population × 1,000
Unemployment
—
Tighter unemployment means higher wages, more rental demand, lower vacancy.
- vs Maryland
- 3.9%
- vs U.S.
- 3.9%
Benchmark
BLS LAUS, latest month
Where prices are and where they've been
5-year price appreciation
—
homeValues.yearOverYear
—
Median home value
$158,200
Labor market direction
Unemployment
—
Median household income
$59,413
What's being built
Total TTM
82
+40.4% YoY
Single-family
71
2–4 unit
6
5+ unit
5
All 2 counties, ranked by population
| County | Population | Home value | Median HHI | Permits TTM | YoY |
|---|---|---|---|---|---|
| Allegany County | 68,161 | $149,200 | $57,393 | 37 | +94.7% |
| Mineral County | 26,957 | $180,400 | $68,049 | 45 | -4.3% |
Similar metros nationally
| Metro | Pop | Med HHI | P/I | Cap proxy | HPI 5y | Permits/1k | Unemp |
|---|---|---|---|---|---|---|---|
| ★Cumberland | 95,118 | $59,413 | 2.66× | 4.60% | — | 0.86 | —% |
| Rome, GA | 98,541 | $62,540 | — | — | +60.9% | — | 3.3% |
| Ocean City, NJ | 95,456 | $63,690 | — | — | — | — | — |
| Pocatello, ID | 95,352 | $64,080 | — | — | +59.3% | — | 3.8% |
| Grants Pass, OR | 87,994 | $59,097 | — | — | +29.4% | — | 6.8% |
| Lima, OH | 102,087 | $62,001 | — | — | +53.5% | — | 4.5% |
Where people are moving in from
Net migration
+124
+0.13% of population
| Origin county | Tax returns |
|---|---|
| Allegany County, MD | 142 |
| Mineral County, WV | 140 |
| Garrett County, MD | 111 |
| Hampshire County, WV | 78 |
| Washington County, MD | 55 |
| Bedford County, PA | 49 |
Who lives in Cumberland
- Median age
- 43
- Bachelor's+
- 21.6%
- Owner-occupancy
- 72.9%
- Vacancy rate
- 15.9%
- Rent burdened (30%+)
- 39.8%
- Median household income
- $59,413
This page shows federally sourced data. A full editorial analysis with charts and investment commentary is in progress.