Sumner, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sumner, WA 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 9,700 people, 3,886 houses or apartments, and a median cost of homes of $323,144, 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 49.68% of the city's housing units. Other types of housing that are prevalent in Sumner include large apartment complexes or high rise apartments ( 24.15%), duplexes, homes converted to apartments or other small apartment buildings ( 13.87%), and a few mobile homes or trailers ( 8.53%).

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 ( 21.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.59%). There's also some housing in Sumner built before 1939 ( 12.94%).

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 -0.31% 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 9.30%, which is higher than appreciation rates in 91.72% 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 2.83%, which equates to an annual appreciation rate of 11.81%.

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 lower than 50% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$323,144

Sumner, WA HOME PRICES

Value Range
> $1,331,000 0.0
$998,001 - $1,331,000 0.0
$665,001 - $998,000 1.6
$532,001 - $665,000 4.6
$399,001 - $532,000 19.8
$266,001 - $399,000 37.6
$133,001 - $266,000 22.1
$67,001 - $133,000 4.4
$0 - $67,000 9.9

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
14.2798546818235 32.9787234042553

Number Of Homes And Apartments:
3,886

Sumner Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
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
74.22% 3.27% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,361 / per month

Homeownership Rate

Homeownership
Owners 49.94
Renters 50.06
Vacant 7.37

Housing Market Details

 

Age of Homes

AGE OF Sumner HOMES
2000 or Newer 21.2
1970 - 1999 46.3
1940 - 1969 19.6
1939 or Older 12.9

Types of Homes

TYPE OF Sumner HOMES
Single-Family 49.7
Townhomes 3.8
Small Apt. Buildings 13.9
Apt. Complexes 24.1
Mobile Homes 8.5
Other 0.0

Home Size

SIZE OF Sumner HOMES
No Bedroom 3.15
1 Bedroom 9.44
2 Bedrooms 37.81
3 Bedrooms 35.88
4 Bedrooms 10.97
5 or more bedrooms 2.77

Popular Neighborhoods in Sumner

Zip Codes in Sumner, WA