Cumberland, MD home prices
Typical home $167,830 · +2.7% in a year · income needed $48,600
The Cumberland, MD metro area ranks 765 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.7% in a year and +23.9% over five years. With 20% down at 7.11%, the typical home costs about $1,135 a month including 1.06% property tax (Allegany County rate).
Mortgage on the typical Cumberland home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $33,566 | $134,264 | $903 | $0 | $232 | $1,135 | $48,600 |
| 10% down | $16,783 | $151,047 | $1,016 | $63 | $232 | $1,311 | $56,200 |
| 5% down | $8,391 | $159,438 | $1,073 | $66 | $232 | $1,371 | $58,700 |
| 3.5% down (FHA) | $5,874 | $164,790 | $1,109 | $74 | $232 | $1,414 | $60,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.06% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Cumberland area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Allegany County, MD | $155,795 | +3.1% | 1.06% |
| Mineral County, WV | $196,367 | +1.8% | 0.45% |
What can you afford in Maryland on your salary? · Maryland home prices · Salaries in Maryland
Frequently asked questions
How much is a house in Cumberland?
The typical home in the Cumberland, MD metro area is worth $167,830 (Zillow, September 2026).
What salary do you need to buy a house in Cumberland?
About $48,600 a year for the typical home with 20% down at 7.11%.