Sumter, South Carolina has a housing median value of $162,000, which is significantly lower than the US national house median value of $338,100. In the past year, the US house appreciation rate was 8.27%. However, Sumter saw a much higher appreciation rate of 15.43% in the same time period. This reflects that the housing market in Sumter is rapidly growing and may be an attractive place to invest in for those looking to buy or sell a home.
The median home cost in Sumter is $162,000. Home appreciation the last 10 years has been 71.1%. Home Appreciation in Sumter is up 23.1%.
Average Age of Homes
- The median age of Sumter real estate is 35 years old
The Rental Market in Sumter
- Renters make up 41.0% of the Sumter population
- 2.7% of houses and apartments in Sumter, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.