CUMBERLAND Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Cumberland averaged 6.47% for the week of 2024-03-21, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-03-14) was 6.44% and one month ago for the week of 2024-02-15, the average rate was 6.17%.

Cumberland's average rate one year ago was 6.4%.

For refis of the same type during the week of 2024-03-21, the average rate was 7.17%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-03-21 6.87%
Cumberland 30 Year Fixed Rate 2024-03-21 6.47%
Cumberland 30 Year Fixed Rate Refi 2024-03-21 7.17%
Cumberland 15 Year Fixed Rate 2024-03-21 6.31%
Cumberland 15 Year Fixed Rate Refi 2024-03-21 6.41%
Cumberland 30 Year FHA 2024-03-21 6.62%
Cumberland 30 Year FHA Refi 2024-03-21 6.8%
Cumberland 30 Year USDA 2024-03-21 6.65%
Cumberland 30 Year USDA Refi 2024-03-21 6.57%
Cumberland 30 Year VA 2024-03-21 6.54%
Cumberland 30 Year VA Refi 2024-03-21 6.74%
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
CUMBERLAND's median listing price for 2024-02-01 was $149,675, a difference of $12,250 (8.9%) versus the prior year and $-4,075 versus the prior month.

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

CUMBERLAND's average listing price for 2024-02-01 was $194,483, a difference of $-3,068 (-1.6%) versus the prior year and $2,931 versus the prior month.

For the 2024-02-01 period, CUMBERLAND had 204 MLS listings, a difference of 4 listings (2%) versus the prior month and 55 listings (37%) 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
CUMBERLAND's median listing age (time on market) for 2024-02-01 was 0 days.

CUMBERLAND's median square footage for active listings during the 2024-02-01 period was 1,551 sqft. One year prior, the average listing was 1,615 sqft.

CUMBERLAND, MD-WV Average Rent (2023)

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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.