CUMBERLAND Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cumberland averaged
6.79%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
7.26% and
one month ago for the week of 2023-10-26, the
average rate was 7.36%.
Cumberland's average rate one year ago was 6.45%.
For refis of the same type during the week of 2023-11-30, the average rate
was 6.62%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
Cumberland 30 Year Fixed Rate | 2023-11-30 | 6.79% |
Cumberland 30 Year Fixed Rate Refi | 2023-11-30 | 6.62% |
Cumberland 15 Year Fixed Rate | 2023-11-30 | 6.36% |
Cumberland 15 Year Fixed Rate Refi | 2023-11-30 | 5.18% |
Cumberland 30 Year FHA | 2023-11-30 | 6.78% |
Cumberland 30 Year FHA Refi | 2023-11-30 | 7.05% |
Cumberland 30 Year USDA | 2023-11-30 | 6.65% |
Cumberland 30 Year USDA Refi | 2023-11-30 | 7.2% |
Cumberland 30 Year VA | 2023-11-30 | 6.67% |
Cumberland 30 Year VA Refi | 2023-11-30 | 6.57% |
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.).
CUMBERLAND Average Closing Costs & Other Stats
CUMBERLAND, MD-WV's 95 lenders originated 1,929
loans during 2022. The total origination value was $261,605,000, with an average loan value of
$135,617.
CUMBERLAND's average closing costs are $4,139.
The top CUMBERLAND lender as defined by loan originations is FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION, with
58 loans originated. Their average total fees are
$2,857, which is $2,668
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee CUMBERLAND lenders (with over 10 loans originated) are
CHESSIE ($2,728), FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION ($2,857), Dollar Bank, Federal Savings Bank ($2,956), CREDIT UNION MORTGAGE ASSOCIATION, INC. ($3,556) and Truist ($3,617).
The lowest rate CUMBERLAND lenders (with over 10 loans originated) are
CREDIT UNION MORTGAGE ASSOCIATION, INC. (3.83%), Dollar Bank, Federal Savings Bank (3.89%), FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION (4.17%), Truist (4.22%) and STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED (4.24%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION | $37,170,000 | $30,255,000 | -18.6% | 11.6% |
QUICKEN LOANS, LLC | $38,635,000 | $19,640,000 | -49.2% | 7.5% |
Alcova Mortgage LLC | $27,740,000 | $17,165,000 | -38.1% | 6.6% |
CHESSIE | $24,990,000 | $15,840,000 | -36.6% | 6.1% |
C & F Mortgage Corporation | $19,895,000 | $13,855,000 | -30.4% | 5.3% |
Citizens Bank | $20,195,000 | $9,875,000 | -51.1% | 3.8% |
M&T Bank | $11,370,000 | $9,165,000 | -19.4% | 3.5% |
First United Corporation | $11,050,000 | $8,710,000 | -21.2% | 3.3% |
HOMESPIRE MORTGAGE CORPORATION | $11,430,000 | $8,240,000 | -27.9% | 3.1% |
Truist | $6,065,000 | $7,525,000 | 24.1% | 2.9% |
GUARANTY HOME MORTGAGE CORPORATION | $5,185,000 | $6,740,000 | 30.0% | 2.6% |
Dollar Bank, Federal Savings Bank | $5,495,000 | n/a | 2.1% | |
Mortgage Research Center, LLC | $7,505,000 | $5,465,000 | -27.2% | 2.1% |
STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED | $6,525,000 | $4,710,000 | -27.8% | 1.8% |
The Grant County Bank | $2,240,000 | $4,370,000 | 95.1% | 1.7% |
WEPCO Federal Credit Union | $4,750,000 | $4,115,000 | -13.4% | 1.6% |
SOUTHERN TRUST MORTGAGE, LLC | $6,340,000 | $3,800,000 | -40.1% | 1.5% |
CBRE MULTIFAMILY CAPITAL, INC. | $3,755,000 | n/a | 1.4% | |
FREEDOM MORTGAGE CORPORATION | $12,445,000 | $3,730,000 | -70.0% | 1.4% |
TIDEWATER MORTGAGE SERVICES, INC. | $1,730,000 | $3,415,000 | 97.4% | 1.3% |
ACT 1ST FCU | $2,065,000 | $3,325,000 | 61.0% | 1.3% |
PENNYMAC LOAN SERVICES, LLC | $5,215,000 | $3,190,000 | -38.8% | 1.2% |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $3,855,000 | $2,960,000 | -23.2% | 1.1% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $4,100,000 | $2,475,000 | -39.6% | 0.9% |
NAVY FEDERAL CREDIT UNION | $3,615,000 | $2,365,000 | -34.6% | 0.9% |
George Mason Mortgage, LLC | $1,510,000 | $2,360,000 | 56.3% | 0.9% |
Mr. Cooper ( Nationstar Mortgage ) | $2,175,000 | $2,340,000 | 7.6% | 0.9% |
FNB Bank, Inc. | $3,240,000 | $2,230,000 | -31.2% | 0.9% |
BROKER SOLUTIONS, INC. | $1,105,000 | $2,125,000 | 92.3% | 0.8% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,750,000 | $1,875,000 | 7.1% | 0.7% |
UNITED WHOLESALE MORTGAGE, LLC | $990,000 | $1,860,000 | 87.9% | 0.7% |
Wells Fargo Bank | $2,735,000 | $1,830,000 | -33.1% | 0.7% |
LOANDEPOT.COM, LLC | $3,870,000 | $1,795,000 | -53.6% | 0.7% |
USAA Federal Savings Bank | $875,000 | $1,760,000 | 101.1% | 0.7% |
FINANCE OF AMERICA MORTGAGE LLC | $230,000 | $1,655,000 | 619.6% | 0.6% |
Cedar Rapids Bank and Trust Company | $1,575,000 | n/a | 0.6% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,525,000 | $1,190,000 | -22.0% | 0.5% |
Carrington Mortgage Services, LLC | $960,000 | $1,110,000 | 15.6% | 0.4% |
SOMERSET TRUST COMPANY | $1,005,000 | $1,085,000 | 8.0% | 0.4% |
AMERISAVE MORTGAGE CORPORATION | $2,530,000 | $895,000 | -64.6% | 0.3% |
Middletown Valley Bank | $895,000 | n/a | 0.3% | |
TD Bank | $880,000 | n/a | 0.3% | |
HOMESIDE FINANCIAL, LLC | $845,000 | n/a | 0.3% | |
EMBRACE HOME LOANS, INC. | $485,000 | $815,000 | 68.0% | 0.3% |
Summit Community Bank, Inc. | $1,830,000 | $805,000 | -56.0% | 0.3% |
JPMorgan Chase Bank | $1,125,000 | $790,000 | -29.8% | 0.3% |
TOWER | $55,000 | $760,000 | 1,281.8% | 0.3% |
Bank of Charles Town | $1,965,000 | $740,000 | -62.3% | 0.3% |
Clear Mountain Bank | $640,000 | $695,000 | 8.6% | 0.3% |
West Town Bank & Trust | $630,000 | n/a | 0.2% | |
NFM, INC. | $1,030,000 | $625,000 | -39.3% | 0.2% |
NEW DAY FINANCIAL, LLC | $1,010,000 | $620,000 | -38.6% | 0.2% |
CMG MORTGAGE, INC. | $615,000 | n/a | 0.2% | |
INTERCOASTAL MORTGAGE COMPANY | $755,000 | $605,000 | -19.9% | 0.2% |
FIRST HOME MORTGAGE CORPORATION | $1,990,000 | $595,000 | -70.1% | 0.2% |
Integrity Home Mortgage Corp | $1,035,000 | $595,000 | -42.5% | 0.2% |
MCLEAN MORTGAGE CORPORATION | $540,000 | $525,000 | -2.8% | 0.2% |
PNC Bank | $1,465,000 | $525,000 | -64.2% | 0.2% |
Discover Bank | $120,000 | $520,000 | 333.3% | 0.2% |
Farm Credit of the Virginias, ACA | $520,000 | n/a | 0.2% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $510,000 | n/a | 0.2% | |
Atlantic Coast Mortgage, LLC | $125,000 | $505,000 | 304.0% | 0.2% |
DEVELOPER'S MORTGAGE COMPANY | $495,000 | n/a | 0.2% | |
PLAZA HOME MORTGAGE, INC. | $495,000 | n/a | 0.2% | |
First National Bank of Pennsylvania | $395,000 | $480,000 | 21.5% | 0.2% |
T2 FINANCIAL LLC | $1,365,000 | $470,000 | -65.6% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $360,000 | $435,000 | 20.8% | 0.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,335,000 | $430,000 | -67.8% | 0.2% |
DIRECT MORTGAGE LOANS, LLC | $375,000 | $410,000 | 9.3% | 0.2% |
AMERICAN HERITAGE LENDING, INC. | $405,000 | n/a | 0.2% | |
Jefferson Security Bank | $405,000 | n/a | 0.2% | |
AMERICAN FINANCING CORPORATION | $345,000 | $400,000 | 15.9% | 0.2% |
The Huntington National Bank | $75,000 | $390,000 | 420.0% | 0.1% |
DRAPER AND KRAMER MORTGAGE CORP. | $365,000 | n/a | 0.1% | |
First Federal Bank of the Midwest | $380,000 | $350,000 | -7.9% | 0.1% |
Atlantic Union Bank | $625,000 | $345,000 | -44.8% | 0.1% |
EagleBank | $325,000 | n/a | 0.1% | |
NATIONS DIRECT MORTGAGE, LLC | $185,000 | $315,000 | 70.3% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $255,000 | $315,000 | 23.5% | 0.1% |
Towne Bank | $570,000 | $315,000 | -44.7% | 0.1% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $350,000 | $315,000 | -10.0% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $1,300,000 | $305,000 | -76.5% | 0.1% |
MILLENNIUM FINANCIAL GROUP, INC. | $1,240,000 | $300,000 | -75.8% | 0.1% |
Flagstar Bank, FSB | $275,000 | $290,000 | 5.5% | 0.1% |
MOVEMENT MORTGAGE, LLC | $445,000 | $280,000 | -37.1% | 0.1% |
RELIANCE FIRST CAPITAL, LLC | $125,000 | $280,000 | 124.0% | 0.1% |
UNION HOME MORTGAGE CORP. | $65,000 | $280,000 | 330.8% | 0.1% |
AgFirst Farm Credit Bank | $570,000 | $275,000 | -51.8% | 0.1% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $885,000 | $275,000 | -68.9% | 0.1% |
Hometown Bank of Pennsylvania | $260,000 | n/a | 0.1% | |
Prosperity Home Mortgage, LLC | $1,650,000 | $260,000 | -84.2% | 0.1% |
THE MORTGAGE LINK, INC. | $255,000 | n/a | 0.1% | |
BAY CAPITAL MORTGAGE CORPORATION | $495,000 | $250,000 | -49.5% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $1,875,000 | $240,000 | -87.2% | 0.1% |
Sierra Pacific Mortgage Company, Inc. | $1,185,000 | $240,000 | -79.7% | 0.1% |
WesBanco Bank, Inc. | $235,000 | n/a | 0.1% | |
ACADEMY MORTGAGE CORPORATION | $225,000 | n/a | 0.1% | |
OCMBC, INC. | $220,000 | n/a | 0.1% | |
Sandy Spring Bank | $300,000 | $215,000 | -28.3% | 0.1% |
NEWREZ LLC | $1,145,000 | $210,000 | -81.7% | 0.1% |
AmeriHome Mortgage Company, LLC | $220,000 | $205,000 | -6.8% | 0.1% |
The Freedom Bank of Virginia | $145,000 | $205,000 | 41.4% | 0.1% |
Barrington Bank & Trust Company, N.A. | $545,000 | $200,000 | -63.3% | 0.1% |
City National Bank of West Virginia | $275,000 | $200,000 | -27.3% | 0.1% |
A&D Mortgage LLC | $195,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $2,905,000 | $195,000 | -93.3% | 0.1% |
Chicago Mortgage Solutions LLC | $210,000 | $195,000 | -7.1% | 0.1% |
U.S. Bank | $285,000 | $190,000 | -33.3% | 0.1% |
Blue Ridge Bank | $185,000 | n/a | 0.1% | |
First Exchange Bank | $185,000 | n/a | 0.1% | |
First Federal Bank | $365,000 | $185,000 | -49.3% | 0.1% |
GENEVA FINANCIAL, LLC | $185,000 | n/a | 0.1% | |
GUILD MORTGAGE COMPANY | $185,000 | n/a | 0.1% | |
Hometown Lenders, Inc. | $185,000 | n/a | 0.1% | |
Ally Bank | $180,000 | n/a | 0.1% | |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $180,000 | n/a | 0.1% | |
Colonial Savings, F.A. | $175,000 | n/a | 0.1% | |
Gateway First Bank | $135,000 | $175,000 | 29.6% | 0.1% |
HOME POINT FINANCIAL CORPORATION | $885,000 | $175,000 | -80.2% | 0.1% |
NBKC BANK | $175,000 | n/a | 0.1% | |
North American Savings Bank, F.S.B. | $175,000 | n/a | 0.1% | |
Paramount Residential Mortgage Group, Inc. | $425,000 | $175,000 | -58.8% | 0.1% |
UNIVERSAL MORTGAGE & FINANCE, INC. | $175,000 | n/a | 0.1% | |
Citadel Servicing Corporation | $165,000 | n/a | 0.1% | |
PLANET HOME LENDING, LLC | $635,000 | $165,000 | -74.0% | 0.1% |
US MORTGAGE CORPORATION | $165,000 | n/a | 0.1% | |
CONTOUR MORTGAGE CORPORATION | $580,000 | $155,000 | -73.3% | 0.1% |
SWBC MORTGAGE CORPORATION | $155,000 | n/a | 0.1% | |
CALIBER HOME LOANS, INC. | $2,975,000 | $145,000 | -95.1% | 0.1% |
GUARANTEED RATE AFFINITY, LLC | $135,000 | $145,000 | 7.4% | 0.1% |
Nations Lending Corporation | $75,000 | $145,000 | 93.3% | 0.1% |
Plains Commerce Bank | $340,000 | $145,000 | -57.4% | 0.1% |
SOUTHPOINT FINANCIAL SERVICES, INC. | $145,000 | n/a | 0.1% | |
The Federal Savings Bank | $790,000 | $145,000 | -81.6% | 0.1% |
Rosedale Federal Savings and Loan Association | $75,000 | $135,000 | 80.0% | 0.1% |
Presidential Bank, FSB | $125,000 | n/a | 0.0% | |
AMERICAN ADVISORS GROUP | $25,000 | $120,000 | 380.0% | 0.0% |
PENTAGON FEDERAL CREDIT UNION | $300,000 | $115,000 | -61.7% | 0.0% |
1ST FINANCIAL, INC. | $105,000 | n/a | 0.0% | |
BALTIMORE COUNTY EMPLOYEES | $105,000 | n/a | 0.0% | |
LENDINGHOME FUNDING CORPORATION | $105,000 | n/a | 0.0% | |
LIMA ONE CAPITAL, LLC | $120,000 | $105,000 | -12.5% | 0.0% |
TEMPLE VIEW CAPITAL FUNDING, LP | $105,000 | n/a | 0.0% | |
AMERICAN FINANCIAL RESOURCES, INC. | $230,000 | $95,000 | -58.7% | 0.0% |
APEX HOME LOANS, INC. | $265,000 | $95,000 | -64.2% | 0.0% |
First Guaranty Mortgage Corporation | $140,000 | $95,000 | -32.1% | 0.0% |
NATIONWIDE EQUITIES CORPORATION | $95,000 | n/a | 0.0% | |
PHH Mortgage Corporation | $95,000 | n/a | 0.0% | |
WESCOM CENTRAL CREDIT UNION | $95,000 | n/a | 0.0% | |
Bank of America | $825,000 | $85,000 | -89.7% | 0.0% |
FIRST SAVINGS MORTGAGE CORPORATION | $225,000 | $85,000 | -62.2% | 0.0% |
LEADERONE FINANCIAL CORPORATION | $85,000 | n/a | 0.0% | |
LOANPAL, LLC | $85,000 | n/a | 0.0% | |
MORTGAGE ACCESS CORP. | $505,000 | $75,000 | -85.1% | 0.0% |
NATIONWIDE MORTGAGE BANKERS, INC. | $75,000 | n/a | 0.0% | |
Citibank | $65,000 | n/a | 0.0% | |
Kish Bank | $65,000 | n/a | 0.0% | |
Lakeview Community Capital, LLC | $65,000 | n/a | 0.0% | |
PATRIOT | $65,000 | n/a | 0.0% | |
United Bank | $135,000 | $65,000 | -51.9% | 0.0% |
GUARANTEED RATE, INC. | $1,075,000 | $55,000 | -94.9% | 0.0% |
Pendleton Community Bank, Inc. | $170,000 | $55,000 | -67.6% | 0.0% |
Capon Valley Bank | $15,000 | $45,000 | 200.0% | 0.0% |
Fulton Bank | $35,000 | n/a | 0.0% | |
SPRING EQ, LLC | $35,000 | n/a | 0.0% | |
21ST MORTGAGE CORPORATION | $25,000 | $30,000 | 20.0% | 0.0% |
CUMBERLAND's top lender by overall market share is FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION, with 11.6% market share. In second place, with 7.5%, is QUICKEN LOANS, LLC, having originated $19,640,000 in loans. In third place, with 6.6%, is Alcova Mortgage LLC, having originated $17,165,000 in loans. In fourth place, with 6.1%, is CHESSIE, having originated $15,840,000 in loans. In fifth place, with 5.3%, is C & F Mortgage Corporation, having originated $13,855,000 in loans.
CUMBERLAND Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - CUMBERLAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $115,375 (5.0%) | $149,910 (4.4%) | 0.00 | 470 |
2018-02-01 | $119,000 (7.2%) | $150,895 (4.1%) | 0.00 | 451 |
2018-03-01 | $119,000 (8.5%) | $153,266 (6.5%) | 0.00 | 457 |
2018-04-01 | $118,950 (10.1%) | $146,996 (2.6%) | 0.00 | 491 |
2018-05-01 | $119,450 (8.1%) | $147,110 (1.5%) | 0.00 | 503 |
2018-06-01 | $119,900 (6.0%) | $148,625 (1.5%) | 0.00 | 522 |
2018-07-01 | $119,900 (4.7%) | $146,855 (0.4%) | 0.00 | 530 |
2018-08-01 | $120,450 (5.2%) | $150,452 (3.5%) | 0.00 | 535 |
2018-09-01 | $124,900 (8.6%) | $150,185 (0.1%) | 0.00 | 559 |
2018-10-01 | $119,950 (0.8%) | $150,230 (-1.2%) | 0.00 | 553 |
2018-11-01 | $116,825 (1.6%) | $148,172 (-1.4%) | 0.00 | 554 |
2018-12-01 | $116,150 (1.0%) | $148,206 (0.5%) | 0.00 | 550 |
2019-01-01 | $114,997 (-0.3%) | $147,841 (-1.4%) | 0.00 | 482 |
2019-02-01 | $119,450 (0.4%) | $149,067 (-1.2%) | 0.00 | 451 |
2019-03-01 | $117,428 (-1.3%) | $147,804 (-3.6%) | 0.00 | 451 |
2019-04-01 | $114,125 (-4.1%) | $144,382 (-1.8%) | 0.00 | 452 |
2019-05-01 | $114,900 (-3.8%) | $147,413 (0.2%) | 0.00 | 468 |
2019-06-01 | $119,000 (-0.8%) | $151,098 (1.7%) | 0.00 | 479 |
2019-07-01 | $119,900 (0.0%) | $151,108 (2.9%) | 0.00 | 485 |
2019-08-01 | $121,891 (1.2%) | $153,433 (2.0%) | 0.00 | 464 |
2019-09-01 | $124,877 (0.0%) | $156,146 (4.0%) | 0.00 | 442 |
2019-10-01 | $125,768 (4.9%) | $157,954 (5.1%) | 0.00 | 427 |
2019-11-01 | $119,900 (2.6%) | $154,021 (4.0%) | 0.00 | 427 |
2019-12-01 | $118,475 (2.0%) | $147,720 (-0.3%) | 0.00 | 414 |
2020-01-01 | $111,850 (-2.7%) | $153,931 (4.1%) | 0.00 | 382 |
2020-02-01 | $109,900 (-8.0%) | $165,226 (10.8%) | 0.00 | 353 |
2020-03-01 | $114,975 (-2.1%) | $170,278 (15.2%) | 0.00 | 339 |
2020-04-01 | $112,175 (-1.7%) | $171,364 (18.7%) | 0.00 | 325 |
2020-05-01 | $110,250 (-4.1%) | $172,616 (17.1%) | 0.00 | 303 |
2020-06-01 | $119,450 (0.4%) | $186,201 (23.2%) | 0.00 | 282 |
2020-07-01 | $124,975 (4.2%) | $194,403 (28.7%) | 0.00 | 260 |
2020-08-01 | $123,000 (0.9%) | $208,861 (36.1%) | 0.00 | 259 |
2020-09-01 | $125,225 (0.3%) | $214,976 (37.7%) | 0.00 | 254 |
2020-10-01 | $125,950 (0.1%) | $206,651 (30.8%) | 0.00 | 259 |
2020-11-01 | $128,975 (7.6%) | $202,533 (31.5%) | 0.00 | 256 |
2020-12-01 | $127,319 (7.5%) | $213,893 (44.8%) | 0.00 | 231 |
2021-01-01 | $126,950 (13.5%) | $226,206 (47.0%) | 0.00 | 199 |
2021-02-01 | $133,475 (21.5%) | $247,997 (50.1%) | 0.00 | 170 |
2021-03-01 | $134,950 (17.4%) | $249,389 (46.5%) | 0.00 | 155 |
2021-04-01 | $141,125 (25.8%) | $260,274 (51.9%) | 0.00 | 144 |
2021-05-01 | $135,000 (22.5%) | $258,347 (49.7%) | 0.00 | 146 |
2021-06-01 | $151,625 (26.9%) | $266,461 (43.1%) | 0.00 | 150 |
2021-07-01 | $140,450 (12.4%) | $253,958 (30.6%) | 0.00 | 173 |
2021-08-01 | $134,875 (9.7%) | $239,153 (14.5%) | 0.00 | 199 |
2021-09-01 | $129,950 (3.8%) | $234,798 (9.2%) | 0.00 | 206 |
2021-10-01 | $130,000 (3.2%) | $229,328 (11.0%) | 0.00 | 193 |
2021-11-01 | $129,950 (0.8%) | $227,650 (12.4%) | 0.00 | 196 |
2021-12-01 | $118,000 (-7.3%) | $213,876 (0.0%) | 0.00 | 189 |
2022-01-01 | $119,900 (-5.6%) | $212,226 (-6.2%) | 0.00 | 174 |
2022-02-01 | $121,500 (-9.0%) | $178,825 (-27.9%) | 0.00 | 158 |
2022-03-01 | $121,100 (-10.3%) | $188,453 (-24.4%) | 0.00 | 148 |
2022-04-01 | $127,000 (-10.0%) | $194,118 (-25.4%) | 0.00 | 131 |
2022-05-01 | $134,950 (0.0%) | $221,777 (-14.2%) | 0.00 | 147 |
2022-06-01 | $130,975 (-13.6%) | $216,773 (-18.7%) | 0.00 | 176 |
2022-07-01 | $134,000 (-4.6%) | $222,036 (-12.6%) | 0.00 | 193 |
2022-08-01 | $145,144 (7.6%) | $228,380 (-4.5%) | 0.00 | 202 |
2022-09-01 | $142,344 (9.5%) | $220,074 (-6.3%) | 0.00 | 205 |
2022-10-01 | $149,700 (15.2%) | $212,266 (-7.4%) | 0.00 | 210 |
2022-11-01 | $157,250 (21.0%) | $208,674 (-8.3%) | 0.00 | 207 |
2022-12-01 | $149,950 (27.1%) | $221,550 (3.6%) | 0.00 | 193 |
2023-01-01 | $162,450 (35.5%) | $238,645 (12.5%) | 0.00 | 164 |
2023-02-01 | $147,644 (21.5%) | $228,947 (28.0%) | 0.00 | 158 |
2023-03-01 | $156,200 (29.0%) | $237,311 (25.9%) | 0.00 | 154 |
2023-04-01 | $139,900 (10.2%) | $199,090 (2.6%) | 0.00 | 142 |
2023-05-01 | $139,800 (3.6%) | $198,783 (-10.4%) | 0.00 | 157 |
2023-06-01 | $140,675 (7.4%) | $193,426 (-10.8%) | 0.00 | 151 |
2023-07-01 | $139,900 (4.4%) | $196,127 (-11.7%) | 0.00 | 161 |
2023-08-01 | $152,125 (4.8%) | $202,184 (-11.5%) | 0.00 | 169 |
2023-09-01 | $155,250 (9.1%) | $203,258 (-7.6%) | 0.00 | 181 |
2023-10-01 | $159,950 (6.9%) | $210,306 (-0.9%) | 0.00 | 196 |
2023-11-01 | $159,900 (1.7%) | $211,442 (1.3%) | 0.00 | 207 |
CUMBERLAND's median listing price comes in at 0% of the national average.
CUMBERLAND's average listing price for 2023-11-01 was $211,442, a difference of $2,768 (1.3%) versus the prior year and $1,136 versus the prior month.
For the 2023-11-01 period, CUMBERLAND had 207 MLS listings, a difference of 11 listings (6%) versus the prior month and 0 listings (0%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - CUMBERLAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,598 sqft |
2018-02-01 | 0 days | 1,604 sqft |
2018-03-01 | 0 days | 1,600 sqft |
2018-04-01 | 0 days | 1,614 sqft |
2018-05-01 | 0 days | 1,612 sqft |
2018-06-01 | 0 days | 1,680 sqft |
2018-07-01 | 0 days | 1,674 sqft |
2018-08-01 | 0 days | 1,682 sqft |
2018-09-01 | 0 days | 1,700 sqft |
2018-10-01 | 0 days | 1,703 sqft |
2018-11-01 | 0 days | 1,683 sqft |
2018-12-01 | 0 days | 1,651 sqft |
2019-01-01 | 0 days | 1,654 sqft |
2019-02-01 | 0 days | 1,656 sqft |
2019-03-01 | 0 days | 1,649 sqft |
2019-04-01 | 0 days | 1,622 sqft |
2019-05-01 | 0 days | 1,624 sqft |
2019-06-01 | 0 days | 1,682 sqft |
2019-07-01 | 0 days | 1,685 sqft |
2019-08-01 | 0 days | 1,680 sqft |
2019-09-01 | 0 days | 1,680 sqft |
2019-10-01 | 0 days | 1,684 sqft |
2019-11-01 | 0 days | 1,728 sqft |
2019-12-01 | 0 days | 1,693 sqft |
2020-01-01 | 0 days | 1,674 sqft |
2020-02-01 | 0 days | 1,672 sqft |
2020-03-01 | 0 days | 1,687 sqft |
2020-04-01 | 0 days | 1,701 sqft |
2020-05-01 | 0 days | 1,704 sqft |
2020-06-01 | 0 days | 1,728 sqft |
2020-07-01 | 0 days | 1,745 sqft |
2020-08-01 | 0 days | 1,778 sqft |
2020-09-01 | 0 days | 1,731 sqft |
2020-10-01 | 0 days | 1,730 sqft |
2020-11-01 | 0 days | 1,677 sqft |
2020-12-01 | 0 days | 1,657 sqft |
2021-01-01 | 0 days | 1,710 sqft |
2021-02-01 | 0 days | 1,740 sqft |
2021-03-01 | 0 days | 1,701 sqft |
2021-04-01 | 0 days | 1,732 sqft |
2021-05-01 | 0 days | 1,659 sqft |
2021-06-01 | 0 days | 1,704 sqft |
2021-07-01 | 0 days | 1,700 sqft |
2021-08-01 | 0 days | 1,686 sqft |
2021-09-01 | 0 days | 1,679 sqft |
2021-10-01 | 0 days | 1,650 sqft |
2021-11-01 | 0 days | 1,606 sqft |
2021-12-01 | 0 days | 1,592 sqft |
2022-01-01 | 0 days | 1,568 sqft |
2022-02-01 | 0 days | 1,532 sqft |
2022-03-01 | 0 days | 1,524 sqft |
2022-04-01 | 0 days | 1,510 sqft |
2022-05-01 | 0 days | 1,538 sqft |
2022-06-01 | 0 days | 1,560 sqft |
2022-07-01 | 0 days | 1,590 sqft |
2022-08-01 | 0 days | 1,658 sqft |
2022-09-01 | 0 days | 1,637 sqft |
2022-10-01 | 0 days | 1,686 sqft |
2022-11-01 | 0 days | 1,689 sqft |
2022-12-01 | 0 days | 1,687 sqft |
2023-01-01 | 0 days | 1,729 sqft |
2023-02-01 | 0 days | 1,682 sqft |
2023-03-01 | 0 days | 1,723 sqft |
2023-04-01 | 0 days | 1,592 sqft |
2023-05-01 | 0 days | 1,577 sqft |
2023-06-01 | 0 days | 1,595 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 |
CUMBERLAND's median square footage for active listings during the 2023-11-01 period was 1,618 sqft. One year prior, the average listing was 1,689 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.
Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
---|---|---|---|---|---|---|
21501 | Cumberland, MD-WV | $520 | $630 | $790 | $1,030 | $1,320 |
21502 | Cumberland, MD-WV | $510 | $620 | $770 | $1,000 | $1,280 |
21503 | Cumberland, MD-WV | $520 | $630 | $790 | $1,030 | $1,320 |
21505 | Cumberland, MD-WV | $520 | $630 | $790 | $1,030 | $1,320 |
21521 | Cumberland, MD-WV | $500 | $610 | $760 | $990 | $1,270 |
21524 | Cumberland, MD-WV | $580 | $660 | $810 | $1,080 | $1,340 |
21528 | Cumberland, MD-WV | $520 | $630 | $790 | $1,030 | $1,320 |
21529 | Cumberland, MD-WV | $520 | $630 | $790 | $1,030 | $1,320 |
21530 | Cumberland, MD-WV | $530 | $630 | $790 | $1,030 | $1,320 |
21532 | Cumberland, MD-WV | $560 | $670 | $840 | $1,100 | $1,400 |
21539 | Cumberland, MD-WV | $500 | $610 | $760 | $990 | $1,260 |
21540 | Cumberland, MD-WV | $500 | $610 | $760 | $990 | $1,260 |
21542 | Cumberland, MD-WV | $500 | $610 | $760 | $990 | $1,260 |
21543 | Cumberland, MD-WV | $560 | $670 | $840 | $1,100 | $1,400 |
21545 | Cumberland, MD-WV | $540 | $660 | $820 | $1,070 | $1,370 |
21555 | Cumberland, MD-WV | $550 | $640 | $780 | $1,030 | $1,290 |
21556 | Cumberland, MD-WV | $520 | $630 | $790 | $1,030 | $1,320 |
21557 | Cumberland, MD-WV | $680 | $820 | $1,030 | $1,340 | $1,720 |
21562 | Cumberland, MD-WV | $500 | $610 | $760 | $990 | $1,260 |
21750 | Cumberland, MD-WV | $520 | $620 | $790 | $1,130 | $1,370 |
21766 | Cumberland, MD-WV | $520 | $630 | $790 | $1,030 | $1,320 |
26710 | Cumberland, MD-WV | $740 | $740 | $960 | $1,260 | $1,640 |
26717 | Cumberland, MD-WV | $500 | $610 | $760 | $990 | $1,260 |
26719 | Cumberland, MD-WV | $500 | $610 | $760 | $990 | $1,260 |
26726 | Cumberland, MD-WV | $500 | $610 | $760 | $990 | $1,260 |
26731 | Cumberland, MD-WV | $500 | $610 | $760 | $990 | $1,260 |
26743 | Cumberland, MD-WV | $510 | $600 | $760 | $990 | $1,260 |
26750 | Cumberland, MD-WV | $500 | $610 | $760 | $990 | $1,260 |
26753 | Cumberland, MD-WV | $510 | $620 | $770 | $1,000 | $1,280 |
26757 | Cumberland, MD-WV | $740 | $740 | $960 | $1,260 | $1,640 |
26763 | Cumberland, MD-WV | $740 | $740 | $960 | $1,260 | $1,640 |
26767 | Cumberland, MD-WV | $580 | $700 | $870 | $1,130 | $1,450 |
26852 | Cumberland, MD-WV | $740 | $740 | $960 | $1,260 | $1,640 |
2022 Average & Median Rent Data Statistics
CUMBERLAND, MD-WV average 1BR rent: $648, median: $630
CUMBERLAND, MD-WV average 2BR rent: $813, median: $790
CUMBERLAND, MD-WV average 3BR rent: $1,065, median: $1,030
CUMBERLAND, MD-WV Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 975 | $151,725,000 | $155,615 |
Cash Out Refi | 407 | $50,605,000 | $124,337 |
Refi | 323 | $43,905,000 | $135,929 |
Other | 120 | $8,270,000 | $68,917 |
Home Improvement | 104 | $7,100,000 | $68,269 |
Cumberland's most frequently cited loan purpose was Home Purchase, with 975 originations. The 2nd most popular reason was Cash Out Refi, with 407 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 432 | $58,200,000 | $134,722 |
5-6% | 406 | $61,190,000 | $150,714 |
4-5% | 374 | $52,830,000 | $141,257 |
6-7% | 197 | $28,255,000 | $143,426 |
2.5-3% | 144 | $16,650,000 | $115,625 |
<2.5% | 127 | $12,265,000 | $96,575 |
7-8% | 61 | $6,645,000 | $108,934 |
Over 8% | 27 | $1,755,000 | $65,000 |
During 2022, Cumberland's most frequently originated rate bucket was 3-4%, with 432 originations.
Loan Sizing (CUMBERLAND, MD-WV MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 809 | $49,025,000 | $60,600 |
$100k-200k | 797 | $112,235,000 | $140,822 |
$200k-400k | 280 | $72,600,000 | $259,286 |
$400k-600k | 30 | $13,790,000 | $459,667 |
$600k-1000k | 10 | $6,970,000 | $697,000 |
$Over $1MM | 3 | $6,985,000 | $2,328,333 |
CUMBERLAND's loan sizing saw the bucket of loans from $100,000 or less with 809 originations, totaling $49,025,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 806 | $128,430,000 | $159,342 |
60-80% | 451 | $68,045,000 | $150,876 |
40-60% | 193 | $22,145,000 | $114,741 |
20-40% | 155 | $9,925,000 | $64,032 |
Under 20% | 126 | $4,060,000 | $32,222 |
Over 100% | 10 | $2,060,000 | $206,000 |
CUMBERLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 806 originations, totaling $128,430,000 in origination value.