Sumter, MN Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Sumter, Minnesota	United States
	203.0	139,647,020.0
	58	42
	$369,800	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$12.28	$10.98
	$1,875	$2,690
	84.2%	57.4%
	7.9%	11.2%
	7.9%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	7.9%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.6%	3.9%
	1.2%	4.5%
	7.6%	11.3%
	12.9%	13.0%
	44.4%	20.1%
	17.0%	13.6%
	2.9%	8.3%
	7.6%	9.7%
	4.1%	3.9%
	0.6%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.3%	13.6%
	12.3%	13.6%
	8.9%	13.6%
	7.9%	13.2%
	13.8%	14.8%
	8.9%	13.6%
	7.4%	10.0%
	2.0%	4.7%
	39.4%	12.2%

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