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Cumberland-Hesstown

Learn about the people, housing, costs and businesses in Cumberland-Hesstown, New Jersey

Median Home$220,500
Median Rent$1,625/month
Population241
Leading IndustriesManufacturing · Public Administration · Education4% manufacturing
Home Value Growth⬆⬆⬆+22.6% over 2 years
Retirees24% of residentsslightly above average
Homeowners79% of occupied units
Cumberland-Hesstown
NJ

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Cumberland-Hesstown?

As of today, the 30-year fixed mortgage rate for Cumberland-Hesstown is approximately 6.874% (6.909% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Cumberland-Hesstown?

The median home value in Cumberland-Hesstown is $221k. The median monthly rent is $1,625. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cumberland-Hesstown?

Home values in Cumberland-Hesstown have increased 22.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cumberland-Hesstown?

Based on a typical all-in ownership cost of $1,386/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cumberland-Hesstown is $77k/year.

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What industries drive the economy in Cumberland-Hesstown?

The largest employment sectors in Cumberland-Hesstown are public administration (30%) and retail (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.