Cumberland County Housing Demand

Are you interested in knowing how many new homes we need in Cumberland County in the next five years? Consider this....According to the United States Census Bureau estimates, the population in Cumberland County is estimated to grow by 1.7% per year or approximately 3,600 people annually. As of the 2000 Census, there were 83,015 households in Cumberland County. The number of people per household is 2.41. The number of owner-occupied households is 60,645, or 73.1%. The number of renter-occupied households is 22,370, or 26.7%.

If the population grows by 3,600 people per year, the number of total households needed to meet the demand is approximately 1,494 per year, or 7,470 over the next five years. Using the ratio of owner occupied to rentals of 73.1% to 26.7%, the demand for new owner-occupied homes in Cumberland County annually is approximately 1,092 or 5,460 over the next five years.