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Tuesday, May 16, 2017

Cumberland, Maryland is 2nd-cheapest housing market in U.S.

WASHINGTON — D.C. is one of the most expensive housing markets in the country, but just a two-hour drive away is one of the least expensive.

The National Association of Realtors says the median price of a home that sold in Cumberland, Maryland, in the first quarter was just $81,800, making Cumberland the second-most affordable market for homebuyers in the nation, ahead of only Youngstown, Ohio, with a first quarter median price of $79,200.

Cumberland also saw one of the largest year-over-year gains in median selling prices in the first quarter, up 21.4 percent from the first quarter of 2016.

In addition to Youngstown and Cumberland, the rest of the five least-expensive housing markets in the country in the first quarter were Decatur, Illinois, Elmira, New York, and Binghamton, New York.

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5 comments:

Anonymous said...

In my opinion Cumberland is a beautiful area.Sure there are poor neighborhoods,but that's everywhere anymore.

Anonymous said...

Ever been to any of these 5 cities? Horrible. Not a single decent neighborhood in any of them. The absolute armpits of the US. Add in Huntington WV and you can round out a nice half dozen places to never go.

Anonymous said...

Md's version of WV.

Anonymous said...

The population's down about 30%, so lots of housing opportunities are available.

Anonymous said...

$81,800 That's for a 100 year old house, built into a hill, with no yard (front or back) and street parking. No thanks.