Sumner, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sumner, IA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sumner Housing Market Information

With a population of 2,009, 893 total housing units (homes and apartments), and a median house value of $96,885, house prices in Sumner are solidly below the national average.

Single-family detached homes are the single most common housing type in Sumner, accounting for 88.21% of the city's housing units. Other types of housing that are prevalent in Sumner include duplexes, homes converted to apartments or other small apartment buildings ( 5.17%), large apartment complexes or high rise apartments ( 3.83%), and a few mobile homes or trailers ( 2.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sumner. Owner-occupied housing accounts for 75.42% of Sumner's homes, and 62.87% have either three or four bedrooms, which is average sized relative to America.

The housing in Sumner was primarily built before 1939 ( 47.05%), making the housing stock in Sumner some of the oldest overall in America, although there is a range of ages of homes in Sumner. The next most important housing age is between 1940-1969 ( 29.89%), followed by between 1970-1999 ( 17.06%). There's also some housing in Sumner built between 2000 and later ( 6.00%).

Sumner Home Appreciation Rates

Appreciation rates for homes in Sumner have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.69%, which ranks in the top 40% nationwide. This equates to an annual average Sumner house appreciation rate of 0.84%.

Over the last year, Sumner appreciation rates have trailed the rest of the nation. In the last twelve months, Sumner's appreciation rate has been 0.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sumner were at -3.55%, which equates to an annual appreciation rate of -13.45%.

Notably, Sumner's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Iowa, our data show that Sumner's latest annual appreciation rate is lower than 90% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$96,885

Sumner, IA HOME PRICES

Value Range
> $1,013,000 0.0
$760,001 - $1,013,000 0.7
$507,001 - $760,000 0.0
$405,001 - $507,000 0.0
$304,001 - $405,000 5.1
$202,001 - $304,000 2.9
$102,001 - $202,000 35.1
$51,001 - $102,000 37.8
$0 - $51,000 18.3

Low for IA
Low for Nation

Value Relative to Nation Value Relative to State
79.6027188562053 78.7654320987654

Number Of Homes And Apartments:
893

Sumner Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
31.56% 1.60% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$657 / per month

Homeownership Rate

Homeownership
Owners 75.42
Renters 24.58
Vacant 7.65

Housing Market Details

 

Age of Homes

AGE OF Sumner HOMES
2000 or Newer 6.0
1970 - 1999 17.1
1940 - 1969 29.9
1939 or Older 47.1

Types of Homes

TYPE OF Sumner HOMES
Single-Family 88.2
Townhomes 0.4
Small Apt. Buildings 5.2
Apt. Complexes 3.8
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Sumner HOMES
No Bedroom 1.24
1 Bedroom 6.51
2 Bedrooms 26.99
3 Bedrooms 44.47
4 Bedrooms 18.41
5 or more bedrooms 2.38

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Zip Codes in Sumner, IA