Sumter, SC County is a great place for people to invest in real estate. The median value of housing is around $157,100, significantly lower than the US House Median Value of $338,100. Furthermore, the 1 year house appreciation rate for Sumter is 18.25%, which is more than double the US average of 8.27%. This makes Sumter an attractive place for investors who are looking to get good returns for their money in a relatively short amount of time.
The median home cost in Sumter County is $157,100. Home appreciation the last 10 years has been 72.0%. Home Appreciation in Sumter County is up 23.0%.
Average Age of Homes
- The median age of Sumter County real estate is 32 years old
The Rental Market in Sumter County
- Renters make up 30.5% of the Sumter County population
- 1.6% of houses and apartments in Sumter County, 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.