How much house does $500,000 buy you in Cumberland?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Cumberland?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Cumberland right now. Listings below $500,000 were included if necessary.
18643 Rose Hill Dr Sw, Rawlings, MD 21557
- Price: $420,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 4,006
- See 18643 Rose Hill Dr Sw, Rawlings, MD 21557 on Redfin.com
17702 Maniford Rd Se, Oldtown, MD 21555
- Price: $335,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,348
- See 17702 Maniford Rd Se, Oldtown, MD 21555 on Redfin.com
15507 Ivy Ct Sw, Cumberland, MD 21502
- Price: $475,000
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,218
- See 15507 Ivy Ct Sw, Cumberland, MD 21502 on Redfin.com
167 Lookout Dr, Keyser, WV 26726
- Price: $475,000
- 4 bedrooms, 4.5 bathrooms
- Square feet: 4,095
- See 167 Lookout Dr, Keyser, WV 26726 on Redfin.com
9475 Waxler Rd, Keyser, WV 26726
- Price: $459,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,300
- See 9475 Waxler Rd, Keyser, WV 26726 on Redfin.com
764 Maple Forest Ln, Keyser, WV 26726
- Price: $379,500
- 4 bedrooms, 3 bathrooms
- Square feet: 3,616
- See 764 Maple Forest Ln, Keyser, WV 26726 on Redfin.com
11805 Cypress Ct, Eckhart Mines, MD 21528
- Price: $345,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,154
- See 11805 Cypress Ct, Eckhart Mines, MD 21528 on Redfin.com
16529 Oak Crest Ln Sw, Cumberland, MD 21502
- Price: $359,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,681
- See 16529 Oak Crest Ln Sw, Cumberland, MD 21502 on Redfin.com
Lots 79 & 80 Taylor Lake Dr, , WV 26726
- Price: $428,500
- 4 bedrooms, 3 bathrooms
- Square feet: 2,106
- See Lots 79 & 80 Taylor Lake Dr, , WV 26726 on Redfin.com
230 Redstone Ter, Frostburg, MD 21532
- Price: $385,000
- 4 bedrooms, 3 bathrooms
- Square feet: 1,694
- See 230 Redstone Ter, Frostburg, MD 21532 on Redfin.com
10109 Golf Creek Dr Ne, Cumberland, MD 21502
- Price: $420,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,576
- See 10109 Golf Creek Dr Ne, Cumberland, MD 21502 on Redfin.com
12305 Barbers Hl Rd, Frostburg, MD 21532
- Price: $446,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,384
- See 12305 Barbers Hl Rd, Frostburg, MD 21532 on Redfin.com
310 Skyview Dr, Cumberland, MD 21502
- Price: $469,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,384
- See 310 Skyview Dr, Cumberland, MD 21502 on Redfin.com
Tbd Meadowland Dr, , WV 26753
- Price: $375,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,092
- See Tbd Meadowland Dr, , WV 26753 on Redfin.com
48 Magnolia Ct, Ridgeley, WV 26753
- Price: $469,888
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,092
- See 48 Magnolia Ct, Ridgeley, WV 26753 on Redfin.com
Cobey Dr, Cumberland, MD 21502
- Price: $381,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,055
- See Cobey Dr, Cumberland, MD 21502 on Redfin.com
322 W Longview Dr, Burlington, WV 26710
- Price: $342,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,120
- See 322 W Longview Dr, Burlington, WV 26710 on Redfin.com
1224 New Creek Hwy, Keyser, WV 26726
- Price: $369,500
- 4 bedrooms, 2 bathrooms
- Square feet: 2,352
- See 1224 New Creek Hwy, Keyser, WV 26726 on Redfin.com
1023 National Hwy, Cumberland, MD 21502
- Price: $329,999
- 4 bedrooms, 1.5 bathrooms
- Square feet: 2,150
- See 1023 National Hwy, Cumberland, MD 21502 on Redfin.com
13807 Fritz Dr Sw, Cumberland, MD 21502
- Price: $375,000
- 3 bedrooms, 3 bathrooms
- Square feet: 3,228
- See 13807 Fritz Dr Sw, Cumberland, MD 21502 on Redfin.com
127 Cameron Orchard Rd, New Creek, WV 26743
- Price: $497,500
- 3 bedrooms, 3 bathrooms
- Square feet: 2,060
- See 127 Cameron Orchard Rd, New Creek, WV 26743 on Redfin.com
Lot 2 Cherrywood Ave, Cumberland, MD 21502
- Price: $419,990
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,979
- See Lot 2 Cherrywood Ave, Cumberland, MD 21502 on Redfin.com
1525 Beacon St, Keyser, WV 26726
- Price: $356,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,846
- See 1525 Beacon St, Keyser, WV 26726 on Redfin.com
107 S Centre St, Cumberland, MD 21502
- Price: $389,999
- 3 bedrooms, 2 bathrooms
- Square feet: 3,276
- See 107 S Centre St, Cumberland, MD 21502 on Redfin.com
840 Williams St, Cumberland, MD 21502
- Price: $449,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,731
- See 840 Williams St, Cumberland, MD 21502 on Redfin.com
12401 Amherst Ave Ne, Cumberland, MD 21502
- Price: $349,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,165
- See 12401 Amherst Ave Ne, Cumberland, MD 21502 on Redfin.com
13512 Black Valley Rd Ne, Flintstone, MD 21530
- Price: $375,000
- 2 bedrooms, 2.5 bathrooms
- Square feet: 1,976
- See 13512 Black Valley Rd Ne, Flintstone, MD 21530 on Redfin.com
102 Dry Run Rd, Burlington, WV 26710
- Price: $475,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,791
- See 102 Dry Run Rd, Burlington, WV 26710 on Redfin.com
31207 Gold Plains Rd Se, Little Orleans, MD 21766
- Price: $330,000
- 2 bedrooms, 1 bathroom
- Square feet: 1,351
- See 31207 Gold Plains Rd Se, Little Orleans, MD 21766 on Redfin.com
