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 10,595, 4,413 total housing units (homes and apartments), and a median house value of $593,966, 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 54.81% of the city's housing units. Other types of housing that are prevalent in Sumner include large apartment complexes or high rise apartments ( 17.48%), duplexes, homes converted to apartments or other small apartment buildings ( 16.48%), and a few row houses and other attached homes ( 5.91%).
The most prevalent building size and type in Sumner are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.84% owning and 50.16% renting.
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 ( 30.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.37%). There's also some housing in Sumner built before 1939 ( 13.56%).
In the last 10 years, Sumner has experienced some of the highest home appreciation rates of any community in the nation. Sumner real estate appreciated 143.80% over the last ten years, which is an average annual home appreciation rate of 9.32%, putting Sumner in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sumner definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 3.17%, 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 3.14%, which equates to an annual appreciation rate of 13.15%.
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 60% of the other cities and towns in Washington.
$593,966
for Washington
for nation
4,413
$2,704 / per month