The housing market in Sumter, AL County is thriving. The median value of homes in the area is currently at $98,500, which is significantly lower than the US national median of $338,100. This makes Sumter a great place to invest in a home. Furthermore, the one year appreciation rate for housing in Sumter is 14.33%, far higher than the US national rate of 8.27%. This indicates that property values in Sumter are appreciating faster than most other areas and could be an excellent opportunity for potential buyers or investors looking for a profitable venture.
The median home cost in Sumter County is $98,500. Home appreciation the last 10 years has been 58.6%. Home Appreciation in Sumter County is up 15.5%.
Average Age of Homes
- The median age of Sumter County real estate is 36 years old
The Rental Market in Sumter County
- Renters make up 21.9% of the Sumter County population
- 0.0% 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.