Cumberland County, Virginia Housing Market
In Cumberland County, Virginia, the median home value is $239,300, with a median monthly rent of $877. This places Cumberland County at #994 nationally out of 3134 counties by median home value, and #77 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $863
- Establishments: 224
- BLS QCEW, 2025
Housing Supply
- Single-family: 70
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,788 (avg $54,592)
- Outflow: 3,587 (avg $54,815)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Cumberland County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 23139 | 281.2 | +3.86% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Cumberland County Compares
| Metric | Cumberland County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $239,300 | $295,807 | $227,706 |
| Median Gross Rent | $877 | $1,169 | $968 |
| Owner Occupancy Rate | 75.9% | 70.8% | 73.3% |
| Price/Rent Ratio | 22.7 | 20.3 | 18.7 |
Market Analysis
The median home value in Cumberland County is 19.1% below the Virginia state average and 5.1% above the U.S. national average. The median rent of $877/month is 25.0% below the state average.
With a price-to-rent ratio of 22.7, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Cumberland County has an owner-occupancy rate of 75.9%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Tippecanoe County | Indiana | $239,300 | $1,124 |
| Pine County | Minnesota | $239,300 | $877 |
| Knox County | Ohio | $239,400 | $950 |
| Anderson County | Tennessee | $239,400 | $1,031 |
| Garfield County | Washington | $239,200 | $791 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Surry County | $238,800 | $983 | 79.5% |
| Franklin County | $240,400 | $829 | 78.5% |
| Essex County | $238,100 | $972 | 71.7% |
| Charles City County | $241,400 | $1,099 | 86.3% |
| Page County | $233,200 | $879 | 71.8% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).