Sumner, IA is a great place to live due to its affordable housing market. According to the data, the median value of homes in Sumner, IA is $123,800 which is significantly lower than the US house median value of $338,100. Additionally, the 1 year house appreciation rate in Sumner is 11.21%, higher than the US 1 year house appreciation rate of 8.27%. These figures demonstrate that real estate in Sumner is both an affordable and profitable investment for potential buyers.
The median home cost in Sumner is $123,800. Home appreciation the last 10 years has been 51.2%. Home Appreciation in Sumner is up 13.3%.
Average Age of Homes
- The median age of Sumner real estate is 72 years old
The Rental Market in Sumner
- Renters make up 18.5% of the Sumner population
- 2.4% of houses and apartments in Sumner, 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.