Department of Numbers

Cumberland Maryland Residential Rent and Rental Statistics

The median monthly gross residential rent in Cumberland, MD (the Cumberland metro area) was $659 in 2015 according to the Census ACS survey.1 Average gross rent in Cumberland was $581 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Cumberland median and average rent data will be released in September of 2017.

Data is also available below for Cumberland rental vacancy rates, Cumberland rent as a percent of median income and the fraction of renters in Cumberland.

Show dollars as: Nominal Real

Real Gross Rent in Cumberland Maryland (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Maryland Median Gross Rent $1,278 +3.40% +8.95%
Cumberland, MD Median Gross Rent $659 +14.01% +13.04%

Cumberland, MD Real Gross Rent Trends

At $659, real median gross rent in Cumberland was at its highest level in 2015 since the series began in 2005. Average gross rent for Cumberland peaked in real terms in 2010 at $590 and is now $9 (1.53%) lower. From a recent low of 497.0 in 2013, real average gross rent has now increased by $84 (16.90%).

Real Gross Rent in Cumberland: Cumberland MD Median, Cumberland MD Average, Maryland Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Cumberland

Date US
Median
Maryland
Median
Cumberland, MD
Median
Cumberland, MD
Average
2015 $959 $1,278 $659 $581
2014 $930 $1,236 $578 $563
2013 $898 $1,201 $482 $497
2012 $886 $1,173 $583 $510
2011 $887 $1,174 $543 $501
2010 $901 $1,191 $623 $590
2009 $905 $1,190 $548 $532
2008 $920 $1,199 $585 $557
2007 $874 $1,107 $566 $570
2006 $883 $1,103 $519 $524
2005 $858 $1,050 $559 $502

Cumberland Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Cumberland Maryland was 5.62% according to Census ACS data.

Rental Vacancy Rate in Cumberland Maryland

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Maryland 5.65% -1.18% -1.34%
Cumberland, MD 5.62% +0.62% -4.29%

Trends in Cumberland, MD Rental Vacancy Rate

The rental vacancy rate in Cumberland peaked in 2008 at 9.92%. Since then it has fallen by 4.30% to 5.62%. Data records for this series originated in 2005.

Rental Vacancy Rate: Cumberland MD, Maryland, US

Rental vacancy rate in Maryland

Historical Rental Vacancy Rate data for Cumberland

Date US Maryland Cumberland, MD
2015 5.85% 5.65% 5.62%
2014 6.32% 6.83% 5.00%
2013 6.49% 6.96% 8.42%
2012 6.77% 6.99% 9.91%
2011 7.40% 7.10% 8.80%
2010 8.17% 7.53% 3.67%
2009 8.43% 9.09% 9.22%
2008 7.86% 8.81% 9.92%
2007 7.87% 8.78% 2.91%
2006 7.70% 7.64% 4.64%
2005 7.74% 6.14% 9.17%

Rent as a Fraction of Income

Using median household income data for Cumberland, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Cumberland, median monthly gross rent as a fraction of median household income was 20.07% in 2015 according to the ACS.

Cumberland Maryland Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Maryland 20.22% +0.07% +0.48%
Cumberland, MD 20.07% +2.00% +0.51%

Trends in Cumberland, MD Rent as a Fraction of Income

The fraction of median Cumberland household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 20.35%. Since then it has fallen by 0.28% to 20.07%.

Fraction of Income towards Rent: Cumberland MD, Maryland, US

Percent of median household income going towards median monthly gross rent in Cumberland Maryland

Historical Data for Annual Rent as a Fraction of Income in Cumberland Maryland

Date US Maryland Cumberland, MD
2015 20.63% 20.22% 20.07%
2014 20.89% 20.15% 18.07%
2013 20.78% 20.03% 16.56%
2012 20.65% 19.74% 19.56%
2011 20.70% 19.76% 18.37%
2010 20.50% 19.71% 20.35%
2009 20.12% 19.19% 16.88%
2008 19.00% 18.27% 15.10%
2007 18.66% 17.63% 17.21%
2006 18.90% 17.55% 15.57%
2005 18.89% 17.36% 16.86%

Renter Fraction in Cumberland Maryland

You can calculate the renter fraction in Cumberland in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Cumberland as a fraction of total Cumberland households. In 2015 34.30% of households were renters according to Census ACS data.

Cumberland Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Maryland 34.06% -0.05% +0.52%
Cumberland, MD 34.30% -2.21% -2.19%

Trends in the Cumberland, MD Renter Fraction

The Cumberland household renter fraction peaked in in 2011 at 38.05% and is now 3.75% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Cumberland MD, Maryland, US

Fraction of renters in Cumberland

History of Cumberland Renter Fraction

Date US Maryland Cumberland, MD
2015 36.97% 34.06% 34.30%
2014 36.90% 34.11% 36.51%
2013 36.50% 33.53% 32.70%
2012 36.09% 33.54% 36.49%
2011 35.42% 32.66% 38.05%
2010 34.65% 32.96% 26.58%
2009 34.13% 31.44% 29.34%
2008 33.36% 30.53% 25.77%
2007 32.80% 30.08% 30.31%
2006 32.73% 30.57% 27.64%
2005 33.10% 31.02% 26.51%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.