Cumberland, PE

Updated: Aug 2016
House
Median price $199,000
Monthly growth 85.11 %
Quarterly trend
Stock on market 0.43%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Cumberland Home Price

Across the country as a whole, Cumberland is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.

In Aug the median listed house price of $199,000 in Cumberland was an above average compared to the rest of Prince Edward Island.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

From our data, it appears that neighbourhood is number 2904th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 50.

Is Cumberland a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

Over the last three months in Cumberland, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Cumberland will hopefully provide an indicator to help you where to research in-depth

Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.

Beds Median price (House) Median price (Apartment)
4 bedrooms $282,000
Demographics
  • Total private dwellings1153
  • Private dwellings occupied by usual residents834
  • Population density per square kilometre25.9
  • Land area (square km)84.8
  • Population in 20112200
  • Population in 20062051
  • 2006 to 2011 population change (%)7.3