Sumter, MN is a city with vibrant housing market. The median value of homes in Sumter is $369,800 which is higher than the US House Median Value of $338,100. In the past year, the appreciation rate for homes in Sumter was 6.82%, lower than the national average of 8.27%. This shows that Sumter has a strong and stable housing market that continues to appreciate over time despite slightly lower than average appreciation rates.
The median home cost in Sumter is $369,800. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Sumter is up 11.0%.
Average Age of Homes
- The median age of Sumter real estate is 52 years old
The Rental Market in Sumter
- Renters make up 6.6% of the Sumter population
- 0.0% 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.