CUMBERLAND Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Cumberland averaged 6.58% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.19% and one month ago for the week of 2024-10-10, the average rate was 6.12%.

    Cumberland's average rate one year ago was 7.2%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.08%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Cumberland 30 Year Fixed Rate 2024-11-14 6.58%
    Cumberland 30 Year Fixed Rate Refi 2024-11-14 7.08%
    Cumberland 15 Year Fixed Rate 2024-11-14 5.89%
    Cumberland 15 Year Fixed Rate Refi 2024-11-14 6.49%
    Cumberland 30 Year FHA 2024-11-14 0.12%
    Cumberland 30 Year FHA Refi 2024-11-14 0%
    Cumberland 30 Year USDA 2024-11-14 0.27%
    Cumberland 30 Year USDA Refi 2024-11-14 -0.2%
    Cumberland 30 Year VA 2024-11-14 -0.1%
    Cumberland 30 Year VA Refi 2024-11-14 0.1%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within CUMBERLAND, MD-WV.

    CUMBERLAND Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the CUMBERLAND, MD-WV market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION 102 5.51% $2,865
    QUICKEN LOANS, LLC 28 6.89% $5,647
    FIDELITY DIRECT MORTGAGE, LLC 27 6.45% $4,518
    Alcova Mortgage LLC 22 6.92% $4,679
    C & F Mortgage Corporation 16 6.41% $4,914
    CHESSIE 15 6.80% $3,066
    TIDEWATER MORTGAGE SERVICES, INC. 12 6.59% $6,207
    MILLENNIUM FINANCIAL GROUP, INC. 11 6.60% $4,030
    Truist 9 6.68% $4,492
    M&T Bank 8 6.63% $3,900
    SOUTHERN TRUST MORTGAGE, LLC 7 6.66% $4,027
    Mortgage Research Center, LLC 5 7.07% $4,851
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 5 5.75% $4,663
    PNC Bank 5 7.10% $4,510
    Citizens Bank 3 6.71% $4,143
    NAVY FEDERAL CREDIT UNION 3 7.88% $2,720
    NEWREZ LLC 3 7.66% $4,268
    FREEDOM MORTGAGE CORPORATION 3 7.29% $4,710
    CBM Mortgage, Inc. 3 6.67% $4,714
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 3 6.42% $3,380
    JPMorgan Chase Bank 3 7.04% $3,914
    Towne Bank 3 6.83% $7,477
    UNITED WHOLESALE MORTGAGE, LLC 3 6.37% $6,160
    Wells Fargo Bank 3 6.50% $4,686
    Dollar Bank, Federal Savings Bank 2 6.56% $3,684
    BROKER SOLUTIONS, INC. 2 7.43% $5,011
    LOANDEPOT.COM, LLC 2 6.12% $3,911
    Mr. Cooper ( Nationstar Mortgage ) 2 6.81% $5,827
    U.S. Bank 2 7.44% $3,975
    Bank of America 2 7.06% $3,249
    ZILLOW HOME LOANS, LLC 2 7.38% $4,200
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.00% $5,996
    Plains Commerce Bank 2 7.06% $3,510
    CROSSCOUNTRY MORTGAGE, LLC 2 7.16% $4,641
    PENNYMAC LOAN SERVICES, LLC 2 6.13% $8,619
    NBKC BANK 1 7.25% $4,142
    AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.50% $3,327
    AMERICAN FINANCIAL NETWORK, INC. 1 6.00% $4,047
    AMERICAN FINANCING CORPORATION 1 7.63% $4,807
    Atlantic Coast Mortgage, LLC 1 6.13% $3,973
    Bank of England 1 6.88% $4,541
    BETTER MORTGAGE CORPORATION 1 5.88% $11,300
    CMG MORTGAGE, INC. 1 7.38% $3,821
    EMM LOANS LLC 1 6.99% $11,808
    FIRST HOME MORTGAGE CORPORATION 1 6.13% $5,653
    GSF Mortgage Corporation 1 5.75% $3,082
    GUARANTEED RATE AFFINITY, LLC 1 6.55% $4,293
    GUARANTY HOME MORTGAGE CORPORATION 1 5.88% $4,063
    HOMESIDE FINANCIAL, LLC 1 6.13% $2,348
    Integrity Home Mortgage Corp 1 7.63% $6,134
    INTERCOASTAL MORTGAGE COMPANY 1 6.13% $7,389
    MCLEAN MORTGAGE CORPORATION 1 5.63% $3,899
    Meridian Bank Corporation 1 7.88% $5,530
    MORTGAGE EQUITY PARTNERS LLC 1 7.63% $5,324
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.38% $5,288
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.63% $3,808
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION 1 5.75% $2,178
    NFM, INC. 1 7.13% $5,761
    Old National Bank 1 6.63% $3,371
    PREMIA MORTGAGE, LLC 1 6.50% $1,041
    Prosperity Home Mortgage, LLC 1 6.50% $3,553
    Sierra Pacific Mortgage Company, Inc. 1 6.75% $6,122
    Summit Community Bank, Inc. 1 7.19% $2,364
    SWBC MORTGAGE CORPORATION 1 7.25% $4,899
    The Citizens National Bank of Meridian 1 6.88% $4,552
    UNION HOME MORTGAGE CORP. 1 7.25% $6,662

    CUMBERLAND Average Closing Costs & Other Stats

    CUMBERLAND, MD-WV's 66 lenders originated 1,357 loans during 2023. The total origination value was $176,925,000, with an average loan value of $130,380.

    CUMBERLAND's average closing costs are $4,293.

    The top CUMBERLAND lender as defined by loan originations is FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION, with 102 loans originated. Their average total fees are $2,865, which is $2,782 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee CUMBERLAND lenders (with over 10 loans originated) are FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION ($2,865), CHESSIE ($3,066), MILLENNIUM FINANCIAL GROUP, INC. ($4,030), FIDELITY DIRECT MORTGAGE, LLC ($4,518) and Alcova Mortgage LLC ($4,679).

    The lowest rate CUMBERLAND lenders (with over 10 loans originated) are FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION (5.51%), C & F Mortgage Corporation (6.41%), FIDELITY DIRECT MORTGAGE, LLC (6.45%), TIDEWATER MORTGAGE SERVICES, INC. (6.59%) and MILLENNIUM FINANCIAL GROUP, INC. (6.60%).

    CUMBERLAND, MD-WV Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION $30,255,000 $26,255,000 -13.2% 14.8%
    Alcova Mortgage LLC $17,165,000 $11,425,000 -33.4% 6.5%
    First United Corporation $8,710,000 $11,070,000 27.1% 6.3%
    QUICKEN LOANS, LLC $19,640,000 $10,125,000 -48.4% 5.7%
    FIDELITY DIRECT MORTGAGE, LLC $8,645,000 n/a 4.9%
    CHESSIE $15,840,000 $8,560,000 -46.0% 4.8%
    C & F Mortgage Corporation $13,855,000 $7,940,000 -42.7% 4.5%
    M&T Bank $9,165,000 $7,060,000 -23.0% 4.0%
    Truist $7,525,000 $5,885,000 -21.8% 3.3%
    Mortgage Research Center, LLC $5,465,000 $5,790,000 5.9% 3.3%
    MILLENNIUM FINANCIAL GROUP, INC. $300,000 $3,625,000 1,108.3% 2.0%
    TIDEWATER MORTGAGE SERVICES, INC. $3,415,000 $3,370,000 -1.3% 1.9%
    FREEDOM MORTGAGE CORPORATION $3,730,000 $3,150,000 -15.5% 1.8%
    Citizens Bank $9,875,000 $2,920,000 -70.4% 1.7%
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED $4,710,000 $2,645,000 -43.8% 1.5%
    Dollar Bank, Federal Savings Bank $5,495,000 $2,520,000 -54.1% 1.4%
    PENNYMAC LOAN SERVICES, LLC $3,190,000 $2,435,000 -23.7% 1.4%
    SOUTHERN TRUST MORTGAGE, LLC $3,800,000 $2,360,000 -37.9% 1.3%
    WEPCO Federal Credit Union $4,115,000 $2,225,000 -45.9% 1.3%
    BROKER SOLUTIONS, INC. $2,125,000 $2,075,000 -2.4% 1.2%
    FNB Bank, Inc. $2,230,000 $1,770,000 -20.6% 1.0%
    UNITED WHOLESALE MORTGAGE, LLC $1,860,000 $1,685,000 -9.4% 1.0%
    The Grant County Bank $4,370,000 $1,650,000 -62.2% 0.9%
    ACT 1ST FCU $3,325,000 $1,520,000 -54.3% 0.9%
    NAVY FEDERAL CREDIT UNION $2,365,000 $1,485,000 -37.2% 0.8%
    FIRST HOME MORTGAGE CORPORATION $595,000 $1,210,000 103.4% 0.7%
    Summit Community Bank, Inc. $805,000 $1,190,000 47.8% 0.7%
    PNC Bank $525,000 $1,175,000 123.8% 0.7%
    Towne Bank $315,000 $1,090,000 246.0% 0.6%
    ACNB Bank $1,045,000 n/a 0.6%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $2,960,000 $950,000 -67.9% 0.5%
    Wells Fargo Bank $1,830,000 $935,000 -48.9% 0.5%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $1,875,000 $905,000 -51.7% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $2,340,000 $830,000 -64.5% 0.5%
    Woodsboro Bank $825,000 n/a 0.5%
    LOANDEPOT.COM, LLC $1,795,000 $805,000 -55.2% 0.5%
    CNB Bank Inc. $780,000 n/a 0.4%
    Integrity Home Mortgage Corp $595,000 $700,000 17.6% 0.4%
    JPMorgan Chase Bank $790,000 $650,000 -17.7% 0.4%
    NFM, INC. $625,000 $640,000 2.4% 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $240,000 $630,000 162.5% 0.4%
    Bank of America $85,000 $625,000 635.3% 0.4%
    Atlantic Union Bank $345,000 $600,000 73.9% 0.3%
    DIRECT MORTGAGE LOANS, LLC $410,000 $590,000 43.9% 0.3%
    GUARANTY HOME MORTGAGE CORPORATION $6,740,000 $580,000 -91.4% 0.3%
    GUARANTEED RATE, INC. $55,000 $575,000 945.5% 0.3%
    NEWREZ LLC $210,000 $570,000 171.4% 0.3%
    PATRIOT $65,000 $560,000 761.5% 0.3%
    Plains Commerce Bank $145,000 $560,000 286.2% 0.3%
    SOMERSET TRUST COMPANY $1,085,000 $555,000 -48.8% 0.3%
    NEW DAY FINANCIAL, LLC $620,000 $520,000 -16.1% 0.3%
    UNION HOME MORTGAGE CORP. $280,000 $475,000 69.6% 0.3%
    First Exchange Bank $185,000 $470,000 154.1% 0.3%
    Carrington Mortgage Services, LLC $1,110,000 $460,000 -58.6% 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $2,475,000 $455,000 -81.6% 0.3%
    Old National Bank $445,000 n/a 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $510,000 $435,000 -14.7% 0.2%
    FIRST COLONY MORTGAGE CORPORATION $430,000 n/a 0.2%
    The Federal Savings Bank $145,000 $420,000 189.7% 0.2%
    Atlantic Coast Mortgage, LLC $505,000 $400,000 -20.8% 0.2%
    George Mason Mortgage, LLC $2,360,000 $400,000 -83.1% 0.2%
    GUARANTEED RATE AFFINITY, LLC $145,000 $395,000 172.4% 0.2%
    PLANET HOME LENDING, LLC $165,000 $385,000 133.3% 0.2%
    INTERCOASTAL MORTGAGE COMPANY $605,000 $370,000 -38.8% 0.2%
    CBM Mortgage, Inc. $355,000 n/a 0.2%
    Paramount Residential Mortgage Group, Inc. $175,000 $355,000 102.9% 0.2%
    AMERISAVE MORTGAGE CORPORATION $895,000 $350,000 -60.9% 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $315,000 $350,000 11.1% 0.2%
    GUILD MORTGAGE COMPANY $185,000 $330,000 78.4% 0.2%
    CMG MORTGAGE, INC. $615,000 $320,000 -48.0% 0.2%
    CARDINAL FINANCIAL $430,000 $295,000 -31.4% 0.2%
    SIRVA MORTGAGE, INC. $295,000 n/a 0.2%
    LOANPAL, LLC $85,000 $290,000 241.2% 0.2%
    Pendleton Community Bank, Inc. $55,000 $290,000 427.3% 0.2%
    ZILLOW HOME LOANS, LLC $290,000 n/a 0.2%
    U.S. Bank $190,000 $285,000 50.0% 0.2%
    The Citizens National Bank of Meridian $275,000 n/a 0.2%
    MOVEMENT MORTGAGE, LLC $280,000 $270,000 -3.6% 0.2%
    Bank of Charles Town $740,000 $265,000 -64.2% 0.1%
    BETTER MORTGAGE CORPORATION $195,000 $265,000 35.9% 0.1%
    CHURCHILL MORTGAGE CORPORATION $435,000 $260,000 -40.2% 0.1%
    NBKC BANK $175,000 $250,000 42.9% 0.1%
    AFFORDABLE MORTGAGE ADVISORS, LLC. $235,000 n/a 0.1%
    EMM LOANS LLC $215,000 n/a 0.1%
    EMBRACE HOME LOANS, INC. $815,000 $205,000 -74.8% 0.1%
    MidAtlantic Farm Credit, ACA $205,000 n/a 0.1%
    Citadel Servicing Corporation $165,000 $200,000 21.2% 0.1%
    Clear Mountain Bank $695,000 $195,000 -71.9% 0.1%
    GENEVA FINANCIAL, LLC $185,000 $185,000 0.0% 0.1%
    Bank of Clarke County $180,000 n/a 0.1%
    Bank of England $180,000 n/a 0.1%
    CONTOUR MORTGAGE CORPORATION $155,000 $175,000 12.9% 0.1%
    First National Bank of Pennsylvania $480,000 $175,000 -63.5% 0.1%
    MCLEAN MORTGAGE CORPORATION $525,000 $175,000 -66.7% 0.1%
    Equity Prime Mortgage LLC $170,000 n/a 0.1%
    GSF Mortgage Corporation $170,000 n/a 0.1%
    DRAPER AND KRAMER MORTGAGE CORP. $365,000 $165,000 -54.8% 0.1%
    HOMESIDE FINANCIAL, LLC $845,000 $165,000 -80.5% 0.1%
    Quontic Bank $165,000 n/a 0.1%
    Discover Bank $520,000 $160,000 -69.2% 0.1%
    PREMIA MORTGAGE, LLC $155,000 n/a 0.1%
    Brighton Bank $145,000 n/a 0.1%
    Prosperity Home Mortgage, LLC $260,000 $145,000 -44.2% 0.1%
    ACADEMY MORTGAGE CORPORATION $225,000 $140,000 -37.8% 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $135,000 n/a 0.1%
    CIVIC FINANCIAL SERVICES, LLC $135,000 n/a 0.1%
    Merchants Mortgage & Trust Corporation $135,000 n/a 0.1%
    MORTGAGE ACCESS CORP. $75,000 $135,000 80.0% 0.1%
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION $130,000 n/a 0.1%
    Flagstar Bank, FSB $290,000 $125,000 -56.9% 0.1%
    NATIONWIDE MORTGAGE BANKERS, INC. $75,000 $125,000 66.7% 0.1%
    SILVER HILL FUNDING, LLC $125,000 n/a 0.1%
    SWBC MORTGAGE CORPORATION $155,000 $125,000 -19.4% 0.1%
    AMERICAN FINANCING CORPORATION $400,000 $115,000 -71.3% 0.1%
    Beeline Loans, Inc. $115,000 n/a 0.1%
    MORTGAGE EQUITY PARTNERS LLC $115,000 n/a 0.1%
    T2 FINANCIAL LLC $470,000 $115,000 -75.5% 0.1%
    LENDINGHOME FUNDING CORPORATION $105,000 $105,000 0.0% 0.1%
    LIMA ONE CAPITAL, LLC $105,000 $105,000 0.0% 0.1%
    FIRST MORTGAGE COMPANY, INC. $95,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $85,000 n/a 0.0%
    LENDINGONE, LLC $85,000 n/a 0.0%
    BAY CAPITAL MORTGAGE CORPORATION $250,000 $75,000 -70.0% 0.0%
    City National Bank of West Virginia $200,000 $75,000 -62.5% 0.0%
    Sierra Pacific Mortgage Company, Inc. $240,000 $75,000 -68.8% 0.0%
    HOMESPIRE MORTGAGE CORPORATION $8,240,000 $65,000 -99.2% 0.0%
    Fifth Third Bank $55,000 n/a 0.0%
    ROYAL UNITED MORTGAGE LLC $315,000 $55,000 -82.5% 0.0%
    Meridian Bank Corporation $45,000 n/a 0.0%
    WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION $35,000 n/a 0.0%
    Figure Lending LLC $25,000 n/a 0.0%

    CUMBERLAND's top lender by overall market share is FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION, with 14.8% market share. In second place, with 6.5%, is Alcova Mortgage LLC, having originated $11,425,000 in loans. In third place, with 6.3%, is First United Corporation, having originated $11,070,000 in loans. In fourth place, with 5.7%, is QUICKEN LOANS, LLC, having originated $10,125,000 in loans. In fifth place, with 4.9%, is FIDELITY DIRECT MORTGAGE, LLC, having originated $8,645,000 in loans.

    CUMBERLAND Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - CUMBERLAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $115,000 (5.0%) $140,808 (2.3%) 0.00 457
    2018-02-01 $117,025 (6.7%) $144,339 (4.7%) 0.00 439
    2018-03-01 $115,900 (6.7%) $143,756 (6.4%) 0.00 444
    2018-04-01 $116,900 (11.4%) $137,791 (2.6%) 0.00 478
    2018-05-01 $117,825 (7.4%) $141,826 (2.6%) 0.00 494
    2018-06-01 $119,000 (8.2%) $142,937 (2.5%) 0.00 511
    2018-07-01 $118,725 (6.1%) $141,257 (0.7%) 0.00 520
    2018-08-01 $119,900 (7.6%) $144,457 (4.6%) 0.00 524
    2018-09-01 $119,900 (7.2%) $143,413 (1.3%) 0.00 546
    2018-10-01 $117,950 (2.6%) $144,221 (0.5%) 0.00 541
    2018-11-01 $115,000 (0.9%) $144,976 (1.8%) 0.00 549
    2018-12-01 $114,999 (4.5%) $142,907 (3.0%) 0.00 541
    2019-01-01 $114,000 (-0.9%) $142,267 (1.0%) 0.00 474
    2019-02-01 $117,000 (0.0%) $143,227 (-0.8%) 0.00 443
    2019-03-01 $116,911 (0.9%) $141,958 (-1.3%) 0.00 443
    2019-04-01 $111,463 (-4.7%) $138,501 (0.5%) 0.00 445
    2019-05-01 $113,613 (-3.6%) $141,637 (-0.1%) 0.00 459
    2019-06-01 $119,000 (0.0%) $145,665 (1.9%) 0.00 471
    2019-07-01 $119,900 (1.0%) $145,564 (3.1%) 0.00 477
    2019-08-01 $121,291 (1.2%) $148,654 (2.9%) 0.00 456
    2019-09-01 $123,377 (2.9%) $152,672 (6.5%) 0.00 436
    2019-10-01 $124,950 (5.9%) $155,328 (7.7%) 0.00 422
    2019-11-01 $119,000 (3.5%) $151,450 (4.5%) 0.00 422
    2019-12-01 $115,925 (0.8%) $144,962 (1.4%) 0.00 408
    2020-01-01 $109,925 (-3.6%) $151,103 (6.2%) 0.00 376
    2020-02-01 $109,000 (-6.8%) $161,394 (12.7%) 0.00 345
    2020-03-01 $114,900 (-1.7%) $166,484 (17.3%) 0.00 333
    2020-04-01 $108,200 (-2.9%) $166,713 (20.4%) 0.00 320
    2020-05-01 $109,900 (-3.3%) $166,388 (17.5%) 0.00 296
    2020-06-01 $118,500 (-0.4%) $179,791 (23.4%) 0.00 275
    2020-07-01 $122,400 (2.1%) $186,848 (28.4%) 0.00 252
    2020-08-01 $119,000 (-1.9%) $201,270 (35.4%) 0.00 250
    2020-09-01 $124,450 (0.9%) $205,774 (34.8%) 0.00 245
    2020-10-01 $124,900 (0.0%) $195,332 (25.8%) 0.00 250
    2020-11-01 $124,925 (5.0%) $191,172 (26.2%) 0.00 245
    2020-12-01 $123,425 (6.5%) $199,902 (37.9%) 0.00 219
    2021-01-01 $124,700 (13.4%) $211,183 (39.8%) 0.00 187
    2021-02-01 $126,000 (15.6%) $232,310 (43.9%) 0.00 160
    2021-03-01 $129,000 (12.3%) $234,917 (41.1%) 0.00 146
    2021-04-01 $138,575 (28.1%) $246,988 (48.2%) 0.00 136
    2021-05-01 $132,000 (20.1%) $246,471 (48.1%) 0.00 139
    2021-06-01 $144,225 (21.7%) $255,159 (41.9%) 0.00 143
    2021-07-01 $135,000 (10.3%) $243,985 (30.6%) 0.00 167
    2021-08-01 $130,450 (9.6%) $229,653 (14.1%) 0.00 192
    2021-09-01 $127,950 (2.8%) $222,979 (8.4%) 0.00 198
    2021-10-01 $129,900 (4.0%) $217,823 (11.5%) 0.00 185
    2021-11-01 $124,900 (0.0%) $213,655 (11.8%) 0.00 189
    2021-12-01 $116,975 (-5.2%) $205,674 (2.9%) 0.00 185
    2022-01-01 $116,000 (-7.0%) $199,861 (-5.4%) 0.00 168
    2022-02-01 $119,225 (-5.4%) $167,372 (-28.0%) 0.00 152
    2022-03-01 $109,125 (-15.4%) $174,895 (-25.6%) 0.00 141
    2022-04-01 $119,950 (-13.4%) $182,386 (-26.2%) 0.00 126
    2022-05-01 $130,975 (-0.8%) $205,813 (-16.5%) 0.00 141
    2022-06-01 $129,950 (-9.9%) $194,008 (-24.0%) 0.00 168
    2022-07-01 $125,900 (-6.7%) $196,875 (-19.3%) 0.00 183
    2022-08-01 $133,750 (2.5%) $200,668 (-12.6%) 0.00 191
    2022-09-01 $129,950 (1.6%) $191,330 (-14.2%) 0.00 193
    2022-10-01 $134,999 (3.9%) $186,269 (-14.5%) 0.00 199
    2022-11-01 $149,900 (20.0%) $182,054 (-14.8%) 0.00 197
    2022-12-01 $148,900 (27.3%) $195,435 (-5.0%) 0.00 184
    2023-01-01 $148,583 (28.1%) $201,563 (0.9%) 0.00 153
    2023-02-01 $137,425 (15.3%) $197,551 (18.0%) 0.00 149
    2023-03-01 $149,500 (37.0%) $204,171 (16.7%) 0.00 145
    2023-04-01 $139,900 (16.6%) $199,090 (9.2%) 0.00 142
    2023-05-01 $139,800 (6.7%) $198,783 (-3.4%) 0.00 157
    2023-06-01 $139,950 (7.7%) $193,220 (-0.4%) 0.00 151
    2023-07-01 $139,900 (11.1%) $196,127 (-0.4%) 0.00 161
    2023-08-01 $152,125 (13.7%) $202,184 (0.8%) 0.00 169
    2023-09-01 $155,250 (19.5%) $203,258 (6.2%) 0.00 181
    2023-10-01 $159,950 (18.5%) $210,306 (12.9%) 0.00 196
    2023-11-01 $159,900 (6.7%) $211,442 (16.1%) 0.00 207
    2023-12-01 $159,900 (7.4%) $206,920 (5.9%) 0.00 200
    2024-01-01 $153,750 (3.5%) $191,552 (-5.0%) 0.00 200
    2024-02-01 $149,675 (8.9%) $194,483 (-1.6%) 0.00 204
    2024-03-01 $158,000 (5.7%) $196,858 (-3.6%) 0.00 173
    2024-04-01 $165,000 (17.9%) $205,070 (3.0%) 0.00 178
    2024-05-01 $169,900 (21.5%) $220,230 (10.8%) 0.00 189
    2024-06-01 $169,900 (21.4%) $219,453 (13.6%) 0.00 201
    2024-07-01 $172,000 (22.9%) $218,792 (11.6%) 0.00 202
    2024-08-01 $169,900 (11.7%) $238,084 (17.8%) 0.00 214
    2024-09-01 $162,200 (4.5%) $242,437 (19.3%) 0.00 200
    2024-10-01 $177,000 (10.7%) $245,452 (16.7%) 0.00 211
    CUMBERLAND's median listing price for 2024-10-01 was $177,000, a difference of $17,050 (10.7%) versus the prior year and $14,800 versus the prior month.

    CUMBERLAND's median listing price comes in at 0% of the national average.

    CUMBERLAND's average listing price for 2024-10-01 was $245,452, a difference of $35,146 (16.7%) versus the prior year and $3,015 versus the prior month.

    For the 2024-10-01 period, CUMBERLAND had 211 MLS listings, a difference of 11 listings (6%) versus the prior month and 15 listings (8%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - CUMBERLAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,568 sqft
    2018-02-01 0 days 1,589 sqft
    2018-03-01 0 days 1,580 sqft
    2018-04-01 0 days 1,600 sqft
    2018-05-01 0 days 1,600 sqft
    2018-06-01 0 days 1,672 sqft
    2018-07-01 0 days 1,663 sqft
    2018-08-01 0 days 1,678 sqft
    2018-09-01 0 days 1,680 sqft
    2018-10-01 0 days 1,681 sqft
    2018-11-01 0 days 1,680 sqft
    2018-12-01 0 days 1,634 sqft
    2019-01-01 0 days 1,633 sqft
    2019-02-01 0 days 1,632 sqft
    2019-03-01 0 days 1,628 sqft
    2019-04-01 0 days 1,612 sqft
    2019-05-01 0 days 1,617 sqft
    2019-06-01 0 days 1,680 sqft
    2019-07-01 0 days 1,680 sqft
    2019-08-01 0 days 1,676 sqft
    2019-09-01 0 days 1,678 sqft
    2019-10-01 0 days 1,684 sqft
    2019-11-01 0 days 1,728 sqft
    2019-12-01 0 days 1,695 sqft
    2020-01-01 0 days 1,678 sqft
    2020-02-01 0 days 1,672 sqft
    2020-03-01 0 days 1,687 sqft
    2020-04-01 0 days 1,697 sqft
    2020-05-01 0 days 1,702 sqft
    2020-06-01 0 days 1,725 sqft
    2020-07-01 0 days 1,728 sqft
    2020-08-01 0 days 1,750 sqft
    2020-09-01 0 days 1,723 sqft
    2020-10-01 0 days 1,712 sqft
    2020-11-01 0 days 1,661 sqft
    2020-12-01 0 days 1,650 sqft
    2021-01-01 0 days 1,684 sqft
    2021-02-01 0 days 1,700 sqft
    2021-03-01 0 days 1,680 sqft
    2021-04-01 0 days 1,706 sqft
    2021-05-01 0 days 1,636 sqft
    2021-06-01 0 days 1,674 sqft
    2021-07-01 0 days 1,687 sqft
    2021-08-01 0 days 1,675 sqft
    2021-09-01 0 days 1,658 sqft
    2021-10-01 0 days 1,636 sqft
    2021-11-01 0 days 1,592 sqft
    2021-12-01 0 days 1,581 sqft
    2022-01-01 0 days 1,550 sqft
    2022-02-01 0 days 1,529 sqft
    2022-03-01 0 days 1,517 sqft
    2022-04-01 0 days 1,502 sqft
    2022-05-01 0 days 1,530 sqft
    2022-06-01 0 days 1,536 sqft
    2022-07-01 0 days 1,559 sqft
    2022-08-01 0 days 1,618 sqft
    2022-09-01 0 days 1,606 sqft
    2022-10-01 0 days 1,641 sqft
    2022-11-01 0 days 1,648 sqft
    2022-12-01 0 days 1,649 sqft
    2023-01-01 0 days 1,693 sqft
    2023-02-01 0 days 1,615 sqft
    2023-03-01 0 days 1,680 sqft
    2023-04-01 0 days 1,592 sqft
    2023-05-01 0 days 1,577 sqft
    2023-06-01 0 days 1,594 sqft
    2023-07-01 0 days 1,591 sqft
    2023-08-01 0 days 1,616 sqft
    2023-09-01 0 days 1,568 sqft
    2023-10-01 0 days 1,637 sqft
    2023-11-01 0 days 1,618 sqft
    2023-12-01 0 days 1,580 sqft
    2024-01-01 0 days 1,553 sqft
    2024-02-01 0 days 1,551 sqft
    2024-03-01 0 days 1,600 sqft
    2024-04-01 0 days 1,600 sqft
    2024-05-01 0 days 1,629 sqft
    2024-06-01 0 days 1,632 sqft
    2024-07-01 0 days 1,593 sqft
    2024-08-01 0 days 1,672 sqft
    2024-09-01 0 days 1,716 sqft
    2024-10-01 0 days 1,737 sqft
    CUMBERLAND's median listing age (time on market) for 2024-10-01 was 0 days.

    CUMBERLAND's median square footage for active listings during the 2024-10-01 period was 1,737 sqft. One year prior, the average listing was 1,637 sqft.

    CUMBERLAND, MD-WV Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    21501 Cumberland, MD-WV MSA $580 $690 $860 $1,100 $1,390
    21502 Cumberland, MD-WV MSA $570 $680 $850 $1,090 $1,380
    21503 Cumberland, MD-WV MSA $580 $690 $860 $1,100 $1,390
    21505 Cumberland, MD-WV MSA $580 $690 $860 $1,100 $1,390
    21521 Cumberland, MD-WV MSA $570 $680 $850 $1,090 $1,380
    21524 Cumberland, MD-WV MSA $590 $700 $880 $1,130 $1,430
    21528 Cumberland, MD-WV MSA $580 $690 $860 $1,100 $1,390
    21529 Cumberland, MD-WV MSA $580 $690 $860 $1,100 $1,390
    21530 Cumberland, MD-WV MSA $580 $690 $860 $1,100 $1,390
    21532 Cumberland, MD-WV MSA $610 $720 $910 $1,160 $1,470
    21539 Cumberland, MD-WV MSA $550 $660 $830 $1,060 $1,340
    21540 Cumberland, MD-WV MSA $550 $660 $830 $1,060 $1,340
    21542 Cumberland, MD-WV MSA $550 $660 $830 $1,060 $1,340
    21543 Cumberland, MD-WV MSA $610 $720 $910 $1,160 $1,470
    21545 Cumberland, MD-WV MSA $610 $720 $910 $1,160 $1,470
    21555 Cumberland, MD-WV MSA $600 $740 $880 $1,180 $1,370
    21556 Cumberland, MD-WV MSA $580 $690 $860 $1,100 $1,390
    21557 Cumberland, MD-WV MSA $750 $890 $1,120 $1,430 $1,810
    21562 Cumberland, MD-WV MSA $550 $660 $830 $1,060 $1,340
    21750 Cumberland, MD-WV MSA $590 $690 $880 $1,250 $1,480
    21766 Cumberland, MD-WV MSA $580 $690 $860 $1,100 $1,390
    26710 Cumberland, MD-WV MSA $790 $790 $1,010 $1,300 $1,700
    26717 Cumberland, MD-WV MSA $550 $660 $830 $1,060 $1,340
    26719 Cumberland, MD-WV MSA $570 $680 $850 $1,090 $1,380
    26726 Cumberland, MD-WV MSA $550 $660 $830 $1,060 $1,340
    26731 Cumberland, MD-WV MSA $550 $660 $830 $1,060 $1,340
    26743 Cumberland, MD-WV MSA $550 $660 $830 $1,060 $1,340
    26750 Cumberland, MD-WV MSA $550 $660 $830 $1,060 $1,340
    26753 Cumberland, MD-WV MSA $610 $720 $910 $1,160 $1,470
    26757 Cumberland, MD-WV MSA $790 $790 $1,010 $1,300 $1,700
    26763 Cumberland, MD-WV MSA $790 $790 $1,010 $1,300 $1,700
    26767 Cumberland, MD-WV MSA $660 $790 $990 $1,270 $1,600
    26852 Cumberland, MD-WV MSA $790 $790 $1,010 $1,300 $1,700

    2022 Average & Median Rent Data Statistics
    CUMBERLAND, MD-WV average 1BR rent: $708, median: $690
    CUMBERLAND, MD-WV average 2BR rent: $889, median: $860
    CUMBERLAND, MD-WV average 3BR rent: $1,143, median: $1,100

    CUMBERLAND, MD-WV Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 773 $122,125,000 $157,988
    Refi 217 $22,915,000 $105,599
    Cash Out Refi 207 $20,445,000 $98,768
    Other 85 $6,915,000 $81,353
    Home Improvement 75 $4,525,000 $60,333

    Cumberland's most frequently cited loan purpose was Home Purchase, with 773 originations. The 2nd most popular reason was Refi, with 217 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 526 $74,560,000 $141,749
    5-6% 247 $34,425,000 $139,372
    7-8% 228 $30,490,000 $133,728
    Over 8% 144 $11,550,000 $80,208
    4-5% 61 $6,225,000 $102,049
    3-4% 14 $600,000 $42,857
    <2.5% 7 $75,000 $10,714
    2.5-3% 2 $290,000 $145,000

    During 2023, Cumberland's most frequently originated rate bucket was 6-7%, with 526 originations.

    Loan Sizing (CUMBERLAND, MD-WV MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 572 $81,400,000 $142,308
    $100,000 or less 557 $32,215,000 $57,837
    $200k-400k 206 $52,010,000 $252,476
    $400k-600k 19 $8,955,000 $471,316
    $600k-1000k 3 $2,345,000 $781,667

    CUMBERLAND's loan sizing saw the bucket of loans from $100k-200k with 572 originations, totaling $81,400,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 560 $89,970,000 $160,661
    60-80% 260 $37,860,000 $145,615
    20-40% 138 $9,690,000 $70,217
    Under 20% 123 $4,285,000 $34,837
    40-60% 117 $13,465,000 $115,085
    Over 100% 7 $1,255,000 $179,286

    CUMBERLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 560 originations, totaling $89,970,000 in origination value.