Department of Numbers

Cumberland Maryland Residential Rent and Rental Statistics

The median monthly gross residential rent in Cumberland, MD (the Cumberland metro area) was $664 in 2017 according to the Census ACS survey.1 Average gross rent in Cumberland was $604 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Cumberland median and average rent data will be released in September of 2019.

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 (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Maryland Median Gross Rent $1,337 +0.22% +5.11%
Cumberland, MD Median Gross Rent $664 -7.13% +11.60%

Cumberland, MD Real Gross Rent Trends

Median gross rent for Cumberland peaked in real terms in 2016 at $715 and is now $51 (7.13%) lower. Average gross rent for Cumberland peaked in real terms in 2016 at $714 and is now $110 (15.41%) lower.

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
2017 $1,012 $1,337 $664 $604
2016 $996 $1,334 $715 $714
2015 $987 $1,315 $678 $598
2014 $956 $1,272 $595 $580
2013 $924 $1,236 $496 $512
2012 $912 $1,207 $599 $525
2011 $912 $1,208 $558 $515
2010 $927 $1,226 $640 $607
2009 $931 $1,225 $564 $547
2008 $947 $1,234 $602 $573
2007 $899 $1,139 $582 $587
2006 $909 $1,135 $534 $539

Cumberland Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Cumberland Maryland was 12.77% according to Census ACS data.

Rental Vacancy Rate in Cumberland Maryland

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Maryland 5.94% +0.40% -0.89%
Cumberland, MD 12.77% +2.56% +7.77%

Trends in Cumberland, MD Rental Vacancy Rate

At 12.77%, Cumberland residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Cumberland MD, Maryland, US

Rental vacancy rate in Maryland

Historical Rental Vacancy Rate data for Cumberland

Date US Maryland Cumberland, MD
2017 6.18% 5.94% 12.77%
2016 5.89% 5.54% 10.21%
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%

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 18.92% in 2017 according to the ACS.

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

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Maryland 19.86% -0.11% -0.29%
Cumberland, MD 18.92% +0.48% +0.85%

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 1.43% to 18.92%.

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
2017 20.13% 19.86% 18.92%
2016 20.43% 19.97% 18.44%
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%

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 2017 32.18% of households were renters according to Census ACS data.

Cumberland Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Maryland 33.29% -0.82% -0.82%
Cumberland, MD 32.18% +2.88% -4.33%

Trends in the Cumberland, MD Renter Fraction

The Cumberland household renter fraction peaked in in 2011 at 38.05% and is now 5.87% 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
2017 36.13% 33.29% 32.18%
2016 36.88% 34.11% 29.30%
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%

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.