The housing situation in 39482 Sumrall, MS is relatively positive. The median value of a house in the area is $216,500, significantly lower than the US median value of $338,100. However, while the US 1 year house appreciation rate is 8.27%, Sumrall has seen a much higher rate of 12.12%. This can be attributed to the fact that Sumrall offers more opportunities for employment and expansion than many other areas in Mississippi. Thus, those looking for an affordable place to live with good prospects should consider investing in real estate here.
The median home cost in Sumrall (zip 39482) is $216,500. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Sumrall (zip 39482) is up 11.8%.
Average Age of Homes
- The median age of Sumrall (zip 39482) real estate is 22 years old
The Rental Market in Sumrall (zip 39482)
- Renters make up 12.0% of the Sumrall (zip 39482) population
- 0.6% of houses and apartments in Sumrall (zip 39482), 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.