Sumner, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sumner, IA Real Estate Data


Sumner Housing Market Information

With a population of 2,009, 901 total housing units (homes and apartments), and a median house value of $92,064, house prices in Sumner are some of the most affordable in Iowa as well as the nation.

Single-family detached homes are the single most common housing type in Sumner, accounting for 86.50% 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 ( 6.13%), large apartment complexes or high rise apartments ( 4.47%), and a few mobile homes or trailers ( 2.28%).

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 77.24% of Sumner's homes, and 59.92% have either three or four bedrooms, which is average sized relative to America.

The housing in Sumner was primarily built before 1939 ( 47.25%), 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 ( 31.67%), followed by between 1970-1999 ( 16.51%). There's also some housing in Sumner built between 2000 and later ( 4.57%).

Sumner Home Appreciation Rates

Real estate appreciation rates in Sumner's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.07% during the period.

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 1.77%, 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 0.30%, which equates to an annual appreciation rate of 1.20%.

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:
$92,064

Sumner, IA HOME PRICES

Value Range
> $1,075,000 0.0
$807,001 - $1,075,000 0.6
$538,001 - $807,000 0.0
$430,001 - $538,000 0.0
$322,001 - $430,000 4.0
$215,001 - $322,000 3.9
$108,001 - $215,000 29.7
$54,001 - $108,000 41.3
$0 - $54,000 20.3

Very Low for IA
Very Low for Nation

Value Relative to Nation Value Relative to State
84.0077296949113 84.6913580246914

Number Of Homes And Apartments:
901

Rent & Ownership

 

Average Market Rent:
$575 / per month

Homeownership Rate

Homeownership
Owners 77.24
Renters 22.76
Vacant 6.44

Housing Market Details

 

Age of Homes

AGE OF Sumner HOMES
2000 or Newer 4.6
1970 - 1999 16.5
1940 - 1969 31.7
1939 or Older 47.2

Types of Homes

TYPE OF Sumner HOMES
Single-Family 86.5
Townhomes 0.6
Small Apt. Buildings 6.1
Apt. Complexes 4.5
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Sumner HOMES
No Bedroom 1.25
1 Bedroom 7.17
2 Bedrooms 26.90
3 Bedrooms 44.96
4 Bedrooms 14.95
5 or more bedrooms 4.78

Sumner Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
28.01% 1.46% 2 3
* 10 is highest

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