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Cumberland County

Per Cent Home Owners

 
 
         
Over 90% 70 to 90 50 to 70 30 to 50 Under 30%

Overview

The map on the left shows the percentage of home owners in Cumberland County. For most households it is the single largest investment that a household can make. Owning a home means ...

  • •  Building generational wealth
  • •  Liberation from rental increases
  • •  Safeguards against inflation
  • •  Potential tax savings
  • •  Social, health, and psychological benefits

Base on various studies, neighborhoods with high percentages of owned homes tend to be more stable over time. Thereby creating a better environment for raising children, creating long term relationships and development of a stronger neighborhood (e.g. crime prevention and civic pride)

Sources: STI: PopStats

Owner/Renter Comparison


Data Topic Cumberland County  New Jersey  Nation 
Total Population 154,8669,430,819340,981,027

Housing

Owner Occupied 35,3242,225,64384,315,969
Renter Occupied 17,6071,259,73646,128,534
Vacant 4,200297,90413,710,083
Total Housing 57,1313,783,283144,154,586

Per Cent Housing

Owner Occupied 61.8358.8358.49
Renter Occupied 30.8233.3032.00
Vacant 7.357.879.51