Sumner, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sumner, WA Real Estate Data


Sumner Housing Market Information

With 9,700 people, 3,859 houses or apartments, and a median cost of homes of $320,178, real estate costs in Sumner are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.

Single-family detached homes are the single most common housing type in Sumner, accounting for 48.61% of the city's housing units. Other types of housing that are prevalent in Sumner include large apartment complexes or high rise apartments ( 24.97%), duplexes, homes converted to apartments or other small apartment buildings ( 14.35%), and a few mobile homes or trailers ( 7.89%).

People in Sumner primarily live in small (one, two or no bedroom) single-family detached homes. Sumner has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Sumner built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sumner built between 2000 and later ( 22.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.46%). There's also some housing in Sumner built before 1939 ( 12.56%).

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 -0.18% during the period.

Appreciation rates are so strong in Sumner that despite a nationwide downturn in the housing market, Sumner real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sumner appreciation rates continue to be some of the highest in America, at 11.78%, which is higher than appreciation rates in 99.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sumner. Sumner appreciation rates in the latest quarter were at 4.49%, which equates to an annual appreciation rate of 19.19%.

Importantly, this makes Sumner one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$320,178

Sumner, WA HOME PRICES

Value Range
> $1,356,000 0.0
$1,017,001 - $1,356,000 0.0
$678,001 - $1,017,000 0.8
$542,001 - $678,000 4.3
$407,001 - $542,000 19.4
$271,001 - $407,000 39.6
$135,001 - $271,000 23.8
$68,001 - $135,000 4.4
$0 - $68,000 7.7

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
14.9382209990045 34.0425531914894

Number Of Homes And Apartments:
3,859

Rent & Ownership

 

Average Market Rent:
$1,477 / per month

Homeownership Rate

Homeownership
Owners 48.82
Renters 51.18
Vacant 6.63

Housing Market Details

 

Age of Homes

AGE OF Sumner HOMES
2000 or Newer 22.5
1970 - 1999 46.5
1940 - 1969 18.5
1939 or Older 12.6

Types of Homes

TYPE OF Sumner HOMES
Single-Family 48.6
Townhomes 4.2
Small Apt. Buildings 14.3
Apt. Complexes 25.0
Mobile Homes 7.9
Other 0.0

Home Size

SIZE OF Sumner HOMES
No Bedroom 2.93
1 Bedroom 9.48
2 Bedrooms 38.18
3 Bedrooms 36.92
4 Bedrooms 10.60
5 or more bedrooms 1.89

Sumner Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
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
69.98% 3.17% 7 8
* 10 is highest

Popular Neighborhoods in Sumner

Zip Codes in Sumner, WA