The town of Cumberland, Maryland, is making an intriguing offer to attract more residents.
Through a new program, Cumberland is offering an incentive to attract families to live inside its city limits.
“The package, offering up to $20,000, is comprised of $10,000 in relocation cash, PLUS up to $10,000, dollar-for-dollar match, for approved renovations on an existing home, OR for a down payment on a newly constructed home within City limits,” the Cumberland town website advertises.
Cumberland puts emphasis on the “location, lifestyle, and value” of the town.
With all respect to those residing there presently:
Hilly
and
Chilly
There are limitations for applicants, as they must purchase a home and live in it as their primary residence for no less than 5 years. ( Okay, this is doable )
If a newly constructed home is purchased, the value must not be less than $150,000.
To be eligible, applicants must be at least 18 years of age, be eligible to work in the U.S. with full-time employment, existing local employment, proof of self-employment — or be in the process of accepting a job in the area. ( Looks like they just want to increase their tax base. doesn’t look like they want someone to retire up there. )
“The package, offering up to $20,000, is comprised of $10,000 in relocation cash, PLUS up to $10,000, dollar-for-dollar match, for approved renovations on an existing home, OR for a down payment on a newly constructed home within City limits, ( it cost me 5k to move from charlotte back up here in 2019. been here since 1990 ) ( a bathroom or kitchen remodel can cost over 20k )
In July 2024, the median home sold price in Cumberland was $142,850, which is a 23.1% increase from the previous year. The median price per square foot was $95. In July 2024, the median listing home price in Cumberland was $167,000, which is a 39.2% increase from the previous year. The median listing home price per square foot was $106. The average home value in Cumberland is $144,519, which is a 1.4% increase from the previous year.
New home prices in Salisbury, Maryland vary by community and can range from $226,990 to $579,000: