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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

Age Characteristics

Total population by age groups 2200
0 to 4 years 125
5 to 9 years 135
10 to 14 years 150
15 to 19 years 145
15 years 35
16 years 30
17 years 30
18 years 25
19 years 25
20 to 24 years 110
25 to 29 years 105
30 to 34 years 135
35 to 39 years 140
40 to 44 years 135
45 to 49 years 155
50 to 54 years 200
55 to 59 years 200
60 to 64 years 180
65 to 69 years 85
70 to 74 years 80
75 to 79 years 65
80 to 84 years 35
85 years and over 15
Median age of the population 41.8
% of the population aged 15 and over 81.3

Marital Status

Total population 15 years and over by marital status 1790
Married or living with a common-law partner 1230
Married (and not separated) 1090
Living common-law 140
Not married and not living with a common-law partner 560
Single (never legally married) 360
Separated 40
Divorced 85
Widowed 75

Family Characteristics

Total number of census families in private households 680
Size of census family: 2 persons 340
Size of census family: 3 persons 145
Size of census family: 4 persons 125
Size of census family: 5 or more persons 65
Total number of census families in private households 685
Total couple families by family structure and number of children 605
Married couples 535
Without children at home 260
With children at home 275
1 child 115
2 children 110
3 or more children 55
Common-law couples 65
Without children at home 40
With children at home 30
1 child 20
2 children 5
3 or more children 5
Total lone-parent families by sex of parent and number of children 75
Female parent 65
1 child 40
2 children 15
3 or more children 10
Male parent 15
1 child 5
2 children 0
3 or more children 5
Total children in census families in private households 690
Under six years of age 145
6 to 14 years 265
15 to 17 years 90
18 to 24 years 130
25 years and over 55
Average number of children at home per census family 1

Household And Dwelling Characteristics

Total number of persons in private households 2185
Number of persons not in census families 210
Living with relatives 40
Living with non-relatives only 25
Living alone 150
Number of census family persons 1975
Average number of persons per census family 2.9
Total number of persons 65 years and over in private households 280
Number of persons not in census families aged 65 years and over 65
Living with relatives 15
Living with non-relatives only 0
Living alone 45
Number of census family persons aged 65 years and over 215
Total number of private households by household type 830
Census-family households 670
One-family-only households 625
Couple-family households 570
Without children 280
With children 285
Lone-parent-family households 60
Other family households 40
One-family households with persons not in a census family 30
Couple-family households 20
Without children 5
With children 15
Lone-parent-family households 10
Two-or-more-family households 15
Non-census-family households 165
One-person households 155
Two-or-more-person households 15
Total number of occupied private dwellings by structural type of dwelling 835
Single-detached house 795
Apartment, building that has five or more storeys 0
Movable dwelling 40
Other dwelling 5
Semi-detached house 5
Row house 0
Apartment, duplex 0
Apartment, building that has fewer than five storeys 0
Other single-attached house 0
Total number of private households by household size 835
1 person 155
2 persons 325
3 persons 145
4 persons 130
5 persons 65
6 or more persons 15
Number of persons in private households 2190
Average number of persons in private households 2.6

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