Cumberland

The facts:

• $305,000:  Price of the median single-family home sold last year
• $2,438:  Typical monthly payment for that house (including principal, interest, taxes and insurance)
• $97,507:  The income you need to afford that house
• $1,056:  Average rent for a 2-bedroom apartment
• $42,240:  The income you need to afford that apartment
• $33,756:  Average annual wage in Cumberland***
• 829:  Households in Cumberland paying more than half their income for housing****
• 745 (5.94%):  Housing that qualifies as affordable

Click here for footnotes.

Affordable homes in Cumberland:

Main Street

Valley Affordable Housing Corporation's 4-phase revitalization project included new construction and the renovation of historic mill worker housing into affordable apartments

Factory Street

Renovation of several historic buildings and new, historically compatible construction in the Lonsdale Mill Historic District by Valley Affordable Housing Corporation

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Gallery of Affordable Homes

Question 9 Passed: What Now?

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