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City · 6,267 residents · Hancock County, Indiana

Cumberland , Indiana

In Cumberland, a typical home is worth $239,200 and typical rent is $1,157 a month. Compared with all of Hancock County, the typical home value is 13% lower, typical household income is 6% lower, and the share of households that own their home is 8 points lower.

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  • Typical home value

    $239,200

    13% below the county

    10% above Indiana

    • Cumberland
    • Hancock
    • Indiana

  • Typical rent

    $1,157a month

    4% below the county

    9% above Indiana

    • Cumberland
    • Hancock
    • Indiana

  • Typical household income

    $87,364a year

    6% below the county

    21% above Indiana

    • Cumberland
    • Hancock
    • Indiana

  • Households that own their home

    71%

    8 points below the county

    1 points above Indiana

    • Cumberland
    • Hancock
    • Indiana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$289,940
1.2% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Cumberland is in Hancock County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Hancock County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Cumberland apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Beech Grove, the typical home value is $182,600: 24% less than in Cumberland ($239,200).

  2. 71% of households in Cumberland own their home, against 80% in Hancock County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Cumberland

What homes there are in Cumberland, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Cumberland, but it weighs less than in Hancock County: 78% against 84%.

Year built

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,392 a month

Hancock County: $1,538 a month

Without a mortgage

$551 a month

Hancock County: $562 a month

Owners with a mortgage

60%

Hancock County: 71%

In Cumberland, 60% of owners have a mortgage, and their typical cost is $1,392 a month, against $1,538 in Hancock County. Without one it drops to $551.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Cumberland gained value more slowly than in Hancock County: 53% since 2015–2019, against 62%.

Rents in Cumberland rose faster than in Hancock County: 39% since 2015–2019, against 34%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureCumberlandHancock CountyIndianaUnited States
Rental vacancy Unreliable estimate5.8%5.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimateUnreliable estimate1.8%3.4%
People per household 2.422.492.462.53
Drive alone 85%75%76%69%
Carpool Unreliable estimate7%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home Unreliable estimate16%11%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

A household in Cumberland has 2.42 people on average, about the same as in Hancock County (2.49).

In Cumberland, 85% of workers drive alone to work; in Hancock County, 75%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Cumberland?

A typical home is within reach of the typical income

We start with a typical home in Cumberland, worth $239,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Cumberland, which is $87,364 a year.

The calculator's FHA and conventional loan limits are those of all of Hancock County.

Your numbers

Local data
$

Starts at the typical home value in Cumberland. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,372 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,984

at 7.18% · 30 years

Loan amount
$234,867
Total interest
$337,919
Paid off in
November 2056

Includes $4,039 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,038 a month

    Your payment · 27%

  • Tight

    $2,038 to $2,621 a month

  • Hard

    more than $2,621 a month

Compared with the typical household income in Cumberland ($87,364 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,984
Principal & interest$1,591
Property tax$187
Home insurance$100
FHA mortgage insurance (MIP)$106

You need at least $8,372 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Cumberland and Hancock County

Cumberland is in Hancock County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Cumberland's own numbers

Typical home value
$239,200
Typical monthly rent
$1,157
Typical yearly household income
$87,364
Households that own their home
71%
Effective property tax rate
0.94%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hancock County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,536
Price change over 5 years (FHFA)
+56%
Homes in a high flood-risk zone
2.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hancock County.

Everything about Hancock County

Buying

Buying a home in Cumberland

A typical home in Cumberland is worth $239,200: 13% below the county and 10% above Indiana. With the typical household income in Cumberland ($87,364 a year), a typical home costs 2.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Cumberland 2.7 years
  • Hancock 2.9 years
  • Indiana 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hancock County

According to FHFA’s house price index, home prices in Hancock County rose 102% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hancock County.

Period County Indiana U.S.
Last year (2025) +5.6% +4.3% +2.9%
5 years (2020–2025) +56% +53% +47%
10 years (2015–2025) +102% +95% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Cumberland next to Hancock County, Indiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Cumberland $239,200
  • Hancock $274,800
  • Indiana $218,200
  • United States $332,700
Typical monthly rent
  • Cumberland $1,157
  • Hancock $1,203
  • Indiana $1,062
  • United States $1,413
Typical yearly household income
  • Cumberland $87,364
  • Hancock $93,186
  • Indiana $71,957
  • United States $80,734
See the full table
Cumberland next to Hancock County and Indiana
Measure Cumberland Hancock County Indiana U.S.
Typical home value $239,200 $274,800 $218,200 $332,700
Typical monthly rent $1,157 $1,203 $1,062 $1,413
Typical yearly household income $87,364 $93,186 $71,957 $80,734
Households that own their home 71% 80% 71% 65%
Typical yearly property tax $2,255 $1,806 $1,614 $3,119
Effective property tax rate 0.94% 0.66% 0.74% 0.94%
Renters with high rent for their income 56% 40% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hancock County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Cumberland

For a typical $239,200 home in Cumberland, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Cumberland's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,984a month

    Least cash to close
    Down payment
    $8,372
    Cash to close
    $15,548
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $106

  • Conventional, 5% down $1,940a month

    Down payment
    $11,960
    Cash to close
    $19,136
    Rate
    7.18%
    Mortgage insurance
    PMI · $114

  • Conventional, 20% down, no PMI $1,583a month

    Down payment
    $47,840
    Cash to close
    $55,016
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,805a month

    Down payment
    $35,880
    Cash to close
    $43,056
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Cumberland and for Hancock County.

Property tax

Effective rate in Cumberland

0.94%of the home’s value each year

$2,255 a year for the typical owner in Cumberland.

  • Cumberland 0.94%
  • Hancock 0.66%
  • Indiana 0.74%

What Indiana publishes Homestead standard deduction: the amount drops each year (Indiana Department of Local Government Finance (DLGF), Form HC10)

Exemptions and deadlines in Indiana

Flood risk in Hancock County

FEMA does not publish these numbers by city: they are for all of Hancock County.

Homes in the high-risk zone
2.2%
651
Of those, with NFIP insurance
21%
County Indiana U.S.
Homes in the high-risk zone 2.2% 2.3% 3.5%
Of those, with NFIP insurance 21% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Cumberland

Typical rent in Cumberland is $1,157 a month: 4% below the county. In Cumberland, 56% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Hancock County, by unit size. To pay the 2-bedroom one ($1,536 a month) without spending more than 30% of your income, you would need to earn $29.54 an hour working full time.

HUD fair market rent for all of Hancock County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,187 $22.83 $47,480
1 bedroom $1,336 $25.69 $53,440
2 bedrooms $1,536 $29.54 $61,440
3 bedrooms $1,991 $38.29 $79,640
4 bedrooms $2,425 $46.63 $97,000

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Cumberland

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Cumberland has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,350 in 46229 to $1,430 in 46140.

None is above the fair market rent for Hancock County ($1,536).

  • 46140 $1,430$1,850
  • 46229 $1,350$1,750

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Cumberland when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Cumberland

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Hancock County. The nearest ones are below; many serve by phone or online.

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Cumberland

No down payment, repair or rent-help program on our list is for Cumberland or Hancock County. The ones below are statewide in Indiana: they work in Cumberland the same as in the rest of the state.

Which programs do I qualify for? All programs in Indiana

  • Next Home

    Statewide in Indiana

    Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Type not stated

    See the program Official page

  • First Step

    Statewide in Indiana

    Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Deferred

    See the program Official page

Housing counselors near Cumberland

The HUD-approved agencies closest to the center of Cumberland, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Intend Indiana, Inc

    1704 Bellefontaine St, Indianapolis · 11 miles away · Spanish

    • Pre-purchase counseling
    • Homebuyer education workshops
    (317) 924-8116

  • Indianapolis Neighborhood Housing Partnership

    2690 N Meridian St, Indianapolis · 11 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (317) 610-4663

  • Indianapolis Neighborhood Housing Partnership Homeownership Center at Glendale

    2960 N Meridian St, Indianapolis · 11 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (317) 610-4663

All counseling agencies in Indiana

Help in Spanish near Cumberland

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Cumberland

HUD lists no housing authority with an office in Hancock County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Indiana Source: HUD

Cities

Other cities in Hancock County

These cities are also in Hancock County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Hancock County Housing in Indiana

Nearby cities

The cities closest to Cumberland, with the typical home value.

Neighboring counties

If Hancock County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Cumberland.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Cumberland

Short answers with the numbers for Cumberland and all of Hancock County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Cumberland?

The typical home value in Cumberland is $239,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hancock County it is $274,800.

How much does it cost to rent in Cumberland?

Typical rent in Cumberland is $1,157 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hancock County is $1,536.

What is the FHA loan limit in Cumberland?

Cumberland uses the FHA limit for all of Hancock County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Cumberland?

The typical homeowner in Cumberland pays $2,255 a year, according to the U.S. Census Bureau. That is 0.94% of the home’s value; in Hancock County, the rate is 0.66%.

Where can I find free help to buy or rent in Cumberland?

We found no HUD-approved counseling agencies with an office in Hancock County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).