C
umberland, Rhode Island's 02864 ZIP code is the eighth hottest in the country, according to a report by Realtor.com. The ranking is based on property views and days on the market. Cumberland has one of the lowest days on the market rates in the state, with listings staying up for an average of 26 days.

    The report defines "hot" ZIP codes as areas with high demand from buyers, measured by unique viewers per property, and fast-selling homes, indicating limited supply. In January to June, Cumberland had 3.6 unique viewers per property, a significant number compared to the US average.

    Cumberland's median listing price was $534,000 between January and June, higher than the state-wide median of $520,000 in June. The report notes that seven of the top 10 ZIP codes had median listing prices above the national average, yet six were more affordable than their surrounding metro areas.

    In terms of home sales, Cumberland stayed on the market for an average of 17 days in June, compared to 27 days statewide. In the second quarter, it was 23 days on the market, compared to 29 days on average in the state. According to Zillow.com, there are currently 60 units for sale in Cumberland.

    On a per-capita basis, Cumberland had 80 single-family home sales per 100,000 people in June, lower than Warwick and Cranston but higher than Providence and Pawtucket. The median price in Cumberland was $600,000 in June, significantly higher than the state-wide median.

    Listings for Cumberland range from a $2 million mansion to a three-bedroom condo on Carpenter Street. With its high demand and limited supply, Cumberland is an attractive market for homebuyers seeking relative value in a competitive real estate landscape.