Sumter County, Florida Housing Market Prices
Sumter County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 10% above the Florida median More expensive than 73% of counties in Florida$342,264
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Median rent 24% below the Florida median$1,269
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sumter County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $342,264 | $311,338 | $248,835 |
| Price Trend (Annual %) | 7.5% | 11.2% | 7.5% |
| Median Gross Rent | $1,269 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sumter County is about 10% higher than in Florida. Rent is about 24% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Sumter County, up about 7.5% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Sumter County rose about 61.5% between 2015 and 2024, from $786 to $1,269. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Sumter County.
Buying the median-priced home in Sumter County costs roughly 22.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Sumter County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Sumter County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $342,264 | $311,338 | $248,835 |
| Median Household Income | $76,563 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.5 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sumter County rose about 149.9%, while median household income rose about 75.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Sumter County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.3% | 57.7% | 58.5% |
| Rental Rate | 10.4% | 27.7% | 31.2% |
| Vacancy Rate | 16.4% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Sumter County has a homeownership rate of 73.3%, higher than the Florida average of 57.7%. Its housing vacancy rate is 16.4%, compared with 14.6% in Florida.
Housing Stock
| Metric | Sumter County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.93 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1998 | 1988 | 1978 |
| Median Number of Rooms | 5.2 | 5.2 | 5.5 |
The typical housing unit in Sumter County was built around 1998. On average, 1.9 people live in a home with about 5.2 rooms, staying for about 14.0 years on average.
Sumter County, FL Housing Compared With Nearby Counties
Sumter County, FL is the smallest of the 6 counties compared here, 143,408 residents against a local median of 400,073. The measure that sets Sumter County, FL apart most is median home price: $342,264, 56% above the local median of $219,062.
The counties themselves spread $91,722 on median home price, so Sumter County, FL sits at one end of an already wide local range rather than apart from it. Sumter County, FL has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sumter County, FL | 143,408 | $342,264 #1/6 | $1,269 #5/6 | 87.6% #1/6 |
| Lake County, FL | 412,915 | $205,133 | $1,586 | 77.6% |
| Hernando County, FL | 207,007 | $263,027 | $1,297 | 82.5% |
| Marion County, FL | 400,073 | $219,062 | $1,277 | 77.5% |
| Citrus County, FL | 162,471 | $171,305 | $1,107 | 85.2% |
| Pasco County, FL | 611,333 | $239,239 | $1,505 | 75.7% |
Frequently Asked Questions
Common questions about the housing market in Sumter County, Florida.
What is the median home price in Sumter County, Florida?
The median home price in Sumter County, Florida is $342,264, higher than the Florida average of $311,338.
What is the average home price in Sumter County, Florida?
The typical home price in Sumter County, Florida, reported as the median sale price, is $342,264. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Sumter County, Florida?
The median gross rent in Sumter County, Florida is $1,269 per month, lower than the Florida average of $1,668.
What was the median gross rent in Sumter County in 2020?
In 2020, the median gross rent in Sumter County, Florida was $935 per month.
What is the price-to-rent ratio in Sumter County, Florida?
The price-to-rent ratio in Sumter County, Florida is about 22.5, meaning it would take roughly 22.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Sumter County.
Are home prices or rent rising faster in Sumter County, Florida?
Both home prices and rent are rising in Sumter County, up about 7.5% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sumter County, Florida?
73.3% of households in Sumter County, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Sumter County, Florida?
The housing vacancy rate in Sumter County, Florida is 16.4%, higher than the Florida average of 14.6%.
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