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 1,911, 735 total housing units (homes and apartments), and a median house value of $313,769, 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%).
Real estate appreciation rates in Sumrall's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.35% during the period.
Appreciation rates are so strong in Sumrall that despite a nationwide downturn in the housing market, Sumrall real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sumrall appreciation rates continue to be some of the highest in America, at 16.72%, which is higher than appreciation rates in 98.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sumrall. Sumrall appreciation rates in the latest quarter were at -1.87%, which equates to an annual appreciation rate of -7.27%.
Notably, Sumrall's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Mississippi, our data show that Sumrall's latest annual appreciation rate is higher than 90% of the other cities and towns in Mississippi.
$313,769
for Mississippi
for nation
735
$2,012 / per month