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Cumberland County, ME

Portland

RANK #798 / 996 NAT  ·  POP 303,357

1YR FORECAST: +0.3%

5YR OUTLOOK: +16%

Our model projects Cumberland County's housing market at +0.3% over the next year, underperforming most U.S. counties.

[01] Why Cumberland County?

Cumberland County, Maine, is defined by its blend of coastal charm and natural landscapes, with Portland serving as its largest city and county seat. The iconic Portland Head Light at Fort Williams Park in Cape Elizabeth, commissioned by George Washington, stands as a notable landmark. Located on Maine's southwestern coast, the county is about a 30-minute drive from Portland to towns like Cumberland, and roughly two hours north of Boston. The community offers access to Casco Bay and Sebago Lake, the state's second-largest lake, providing opportunities for boating, fishing, and swimming. Numerous parks and preserves, such as Twin Brook Recreation Area and Broad Cove Reserve, offer trails for hiking, biking, and skiing.

Life in Cumberland County offers a mix of urban amenities and quieter residential areas. Commute times average around 23-27 minutes, with many residents driving alone, though public transit options like the Greater Portland Metro bus service are available in some areas. The county is home to several highly-rated public school districts, including Cape Elizabeth, Falmouth, and Yarmouth. The economy is driven by sectors such as healthcare, tourism, and manufacturing, with companies like IDEXX Laboratories and Unum having a corporate presence. Recent economic developments include investments in infrastructure, such as a new playing field for the Portland Sea Dogs, and ongoing efforts in community development.

[02] Market Snapshot

Housing Ratio
4.1x

Below national median (4.7x)

GDP Growth
+3.0%

Above national median

Home Prices
+0.7%

Below national median

Climate & Terrain
1.1

Moderate climate & terrain

Price/Rent
13x

Below national median (13x)

Housing is fairly valued at 4.1x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    MaineHealth Healthcare
    10,000+
  2. 2
    Bath Iron Works (BIW) Military
    5,000+
  3. 3
    Hannaford Bros. Co. Retail
    2,500+
  4. 4
    IDEXX Laboratories Inc. Manufacturing
  5. 5
    Mercy Hospital Healthcare
    1,000+
  6. 6
    Bowdoin College Education
  7. 7
    Walmart / Sam's Club Retail
  8. 8
    TD Bank N.A. Finance
  9. 9
    Mid Coast Hospital Healthcare
  10. 10
    Thrive Technology

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Cumberland County U.S. National

The Numbers

DEMOGRAPHICS
Population
303,357
+0.86% YoY
Median Household Income
$87,710
Median Home Value
$372,900
+0.69% 12mo
Median Rent
$1,389
Average Annual Pay
$71,351
+3.7% YoY
Employment
192,475
+1.7% YoY
Income-to-Home-Value
0.2352
Near national average
Migration Inflow
2.08%
of pop. from another state
Bachelor's Degree+
50.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$501,000
Days on Market
44
Moderate pace
Months of Supply
2.6
Seller's market
Sale-to-List Ratio
98.8%
Near asking price
Sold Above List
28.3%
Listings w/ Price Drops
15.0%
Building Permits (2024)
1,385
Single-Family Permits
798

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

A
SAFETY
GRADE
Homicide Rate
1.2
per 100K · nat avg 6.3
Firearm Fatalities
7.5
per 100K · nat avg 14.8
Injury Deaths
92.9
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
37.3
Good
Good Air Days
83%
908 of 1,092 days
Unhealthy+ Days (3yr)
9
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
36
2022
36
2023
40
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Score Breakdown

GDP Growth +3.0% 57 percentile
Population Growth +0.9% 67 percentile
Income Growth +8.7% 55 percentile
Vacancy Rate 0.8% 78 percentile
Home Price Change +0.7% 40 percentile
Rent Growth +3.0% 50 percentile
Price/Rent 13x 51 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Cumberland County, ME a good place to move to?

The data is not encouraging — Cumberland County scores just 19/100 on the Boom Town Index, ranking #798 of 996 counties. Job growth at +1.7% and median household income of $87,710 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Cumberland County affordable?

Cumberland County leans toward the expensive side. A median home value of $372,900 against an income-to-home-value ratio of 0.24 means housing eats a bigger share of local earnings than the national norm. Renters face $1,389/month on average.

Is Cumberland County growing or shrinking?

Cumberland County is growing on multiple fronts. Population is up +0.9% year-over-year while employers added jobs at a +1.7% clip. Home values shifted +0.7% in the past year.

Are people moving to Cumberland County?

There's a moderate stream of newcomers. About 2.08% of residents moved from another state, which is above average and suggests Cumberland County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

York County, ME 39 Kennebec County, ME 44 Hancock County, ME 48 Androscoggin County, ME 51 Oxford County, ME 67 Penobscot County, ME 73 Albany County, NY 19 Alachua County, FL 20