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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 923, 481 total housing units (homes and apartments), and a median house value of $289,453, Sunman real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Sunman, accounting for 62.52% of the town's housing units. Other types of housing that are prevalent in Sunman include mobile homes or trailers ( 26.39%), large apartment complexes or high rise apartments ( 8.03%), and a few row houses and other attached homes ( 1.91%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sunman. Owner-occupied housing accounts for 68.39% of Sunman's homes, and 71.13% have either three or four bedrooms, which is average sized relative to America.
Sunman homes and real estate are some of the newest in America. 38.43% of Sunman's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Sunman real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.64%), and before 1939 ( 17.97%). There's also some housing in Sunman built between 1940-1969 ( 13.96%).
Sunman's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sunman during the period has been just 5.25%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Sunman's appreciation rate, at 5.00%, has been at or slightly above the national average. In the latest quarter, Sunman's appreciation rate has been -1.49%, which annualizes to a rate of -5.81%.
Notably, Sunman's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that Sunman's latest annual appreciation rate is higher than 60% of the other cities and towns in Indiana.
$289,453
for Indiana
for nation
481
$1,230 / per month