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 1,911 people, 735 houses or apartments, and a median cost of homes of $264,400, Sumrall real estate is some of the most expensive in Mississippi, although Sumrall home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Sumrall, accounting for 93.11% of the town's housing units. Other types of housing that are prevalent in Sumrall include mobile homes or trailers ( 3.63%), duplexes, homes converted to apartments or other small apartment buildings ( 2.01%), and a few large apartment complexes or high rise apartments ( 1.25%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sumrall. Owner-occupied housing accounts for 84.55% of Sumrall's homes, and 80.45% have either three or four bedrooms, which is average sized relative to America.
Sumrall homes and real estate are some of the newest in America. 51.63% of Sumrall'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 Sumrall real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 28.95%), and before 1939 ( 11.15%). There's also some housing in Sumrall built between 1940-1969 ( 8.27%).
Sumrall's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sumrall during the period has been just 4.52%, which is lower than 80% of US communities.
Over the last year, Sumrall appreciation rates have trailed the rest of the nation. In the last twelve months, Sumrall's appreciation rate has been 0.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sumrall were at 1.68%, which equates to an annual appreciation rate of 6.89%.
Relative to Mississippi, our data show that Sumrall's latest annual appreciation rate is lower than 90% of the other cities and towns in Mississippi.
$264,400
for Mississippi
for nation
735
$2,012 / per month