Cumberland Maryland Residential Rent and Rental Statistics
The median monthly gross residential rent in Cumberland, MD (the Cumberland metro area) was $628 in 2019 according to the Census ACS survey.1 Average gross rent in Cumberland was $584 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Cumberland median and average rent data will be released in September of 2021.
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.
Real Gross Rent in Cumberland Maryland (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Maryland Median Gross Rent | $1,401 | +0.36% | +1.82% |
| Cumberland, MD Median Gross Rent | $628 | -5.14% | -14.79% |
Cumberland, MD Real Gross Rent Trends
Median gross rent for Cumberland peaked in real terms in 2016 at $737 and is now $109 (14.79%) lower. Average gross rent for Cumberland peaked in real terms in 2016 at $736 and is now $152 (20.65%) lower.
Real Gross Rent in Cumberland: Cumberland MD Median, Cumberland MD Average, Maryland Median, US Median
Real Gross Rent History for Cumberland
| Date | US Median |
Maryland Median |
Cumberland, MD Median |
Cumberland, MD Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,401 | $628 | $584 |
| 2018 | $1,077 | $1,396 | $662 | $643 |
| 2017 | $1,043 | $1,379 | $685 | $623 |
| 2016 | $1,027 | $1,376 | $737 | $736 |
| 2015 | $1,017 | $1,356 | $699 | $616 |
| 2014 | $986 | $1,311 | $613 | $598 |
| 2013 | $953 | $1,274 | $512 | $528 |
| 2012 | $940 | $1,245 | $618 | $541 |
| 2011 | $941 | $1,245 | $576 | $531 |
| 2010 | $955 | $1,264 | $660 | $626 |
| 2009 | $960 | $1,263 | $581 | $564 |
| 2007 | $927 | $1,175 | $600 | $605 |
| 2005 | $910 | $1,114 | $593 | $533 |
Cumberland Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Cumberland Maryland was 13.15% according to Census ACS data.
Rental Vacancy Rate in Cumberland Maryland
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Maryland | 6.29% | -0.27% | +0.75% |
| Cumberland, MD | 13.15% | +5.87% | +2.94% |
Trends in Cumberland, MD Rental Vacancy Rate
At 13.15%, Cumberland residential rental vacancy rate in 2019 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Cumberland MD, Maryland, US
Historical Rental Vacancy Rate data for Cumberland
| Date | US | Maryland | Cumberland, MD |
|---|---|---|---|
| 2019 | 5.97% | 6.29% | 13.15% |
| 2018 | 6.15% | 6.56% | 7.28% |
| 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% |
| 2007 | 7.87% | 8.78% | 2.91% |
| 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 15.15% in 2019 according to the ACS.
Cumberland Maryland Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Maryland | 19.38% | -0.38% | -0.59% |
| Cumberland, MD | 15.15% | -2.33% | -3.29% |
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 5.20% to 15.15%.
Fraction of Income towards Rent: Cumberland MD, Maryland, US
Historical Data for Annual Rent as a Fraction of Income in Cumberland Maryland
| Date | US | Maryland | Cumberland, MD |
|---|---|---|---|
| 2019 | 20.03% | 19.38% | 15.15% |
| 2018 | 20.50% | 19.76% | 17.49% |
| 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% |
| 2007 | 18.66% | 17.63% | 17.21% |
| 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 2019 29.41% of households were renters according to Census ACS data.
Cumberland Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Maryland | 33.17% | +0.08% | -0.94% |
| Cumberland, MD | 29.41% | +1.54% | +0.11% |
Trends in the Cumberland, MD Renter Fraction
The Cumberland household renter fraction peaked in in 2011 at 38.05% and is now 8.64% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Cumberland MD, Maryland, US
History of Cumberland Renter Fraction
| Date | US | Maryland | Cumberland, MD |
|---|---|---|---|
| 2019 | 35.89% | 33.17% | 29.41% |
| 2018 | 36.05% | 33.09% | 27.87% |
| 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% |
| 2007 | 32.80% | 30.08% | 30.31% |
| 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. ↩
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