Most affordable neighborhoods in Cumberland, RI

Affordability in Cumberland, RI: A Closer Look

Cumberland, RI, is a charming town with a mix of rural and suburban landscapes. When it comes to finding an affordable neighborhood, there are several areas to consider. In this post, we'll explore some of the most affordable neighborhoods in Cumberland, including their pros and cons, commute times, and types of residents who might find them suitable.

The median home price in Cumberland is around $340,000, but there are neighborhoods where you can find more affordable options. For example, the area around Mendon Road and Diamond Hill Road has a mix of older and newer homes, with prices ranging from $220,000 to $280,000. Rentals in this area are also relatively affordable, with 2-bedroom apartments starting at around $1,200 per month.

Neighborhoods to Consider

• Valley Falls: This neighborhood is located near the Blackstone River and offers a range of housing options, including apartments and single-family homes. The median home price in Valley Falls is around $280,000, and rentals start at around $1,100 per month. Commute time to Providence is around 30-40 minutes by car, and there are also public transportation options available.
• Arnold Mills: This neighborhood is situated near the intersection of Mendon Road and Maple Street and features a mix of older and newer homes. The median home price in Arnold Mills is around $240,000, making it one of the most affordable areas in Cumberland. Rentals are also available, with 2-bedroom apartments starting at around $1,000 per month.
• Cumberland Hill: This neighborhood is located near the intersection of Cumberland Hill Road and Broad Street and offers stunning views of the surrounding countryside. The median home price in Cumberland Hill is around $300,000, and rentals start at around $1,300 per month. Commute time to Providence is around 40-50 minutes by car.

While these neighborhoods offer more affordable options, there are tradeoffs to consider. For example, some areas may have older homes that require more maintenance, and public transportation options may be limited. Additionally, Cumberland is a rural town, and some neighborhoods may be farther away from amenities like grocery stores and restaurants.

These neighborhoods are likely to suit first-time homebuyers, young families, and retirees who are looking for a more affordable option in a rural setting. However, commuters who need to travel to Providence or other nearby cities on a daily basis may find the commute times challenging. On the other hand, those who value a more relaxed pace of life and enjoy outdoor activities like hiking and fishing may find Cumberland's rural landscape and affordable neighborhoods very appealing.

In terms of costs, property taxes in Cumberland are relatively high, with a median tax bill of around $4,500 per year. However, the town offers a range of amenities, including several parks, a public library, and a community center. Residents can also take advantage of the nearby Blackstone River Valley National Historical Park, which offers hiking trails, historic sites, and water sports.

Overall, Cumberland's most affordable neighborhoods offer a range of options for buyers and renters who are looking for a more affordable option in a rural setting. While there are tradeoffs to consider, these neighborhoods can provide a great value for those who are willing to compromise on commute time and amenities.

To get the full picture of Cumberland's neighborhoods, including detailed data on affordability, commute times, and amenities, check out the full neighborhood report at wouldyoulivethere.com. Our comprehensive reports provide everything you need to know to make an informed decision about where to live in Cumberland, RI.