Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sumner County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $99,363 | $104,507 | $242,182 |
| Price Trend (Annual %) | 4.9% | 5.0% | 8.2% |
| Median Gross Rent | $829 | $1,029 | $1,342 |
| Rent Trend (Annual %) | 3.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sumner County is about 5% lower than in Kansas. Rent is about 19% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Sumner County, up about 4.9% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Sumner County rose about 31.6% between 2015 and 2023, from $630 to $829. Over the same span, rent in Kansas rose about 35.9%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Sumner County.
Buying the median-priced home in Sumner County costs roughly 10.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Sumner County. The price-to-rent ratio in Kansas is about 8.5.
| Metric | Sumner County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $99,363 | $104,507 | $242,182 |
| Median Household Income | $60,361 | $72,682 | $78,145 |
| Price-to-Income Ratio | 1.6 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Sumner County fell about 1.0%, while median household income rose about 23.9% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Sumner County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.2% | 60.4% | 58.2% |
| Rental Rate | 22.1% | 29.9% | 31.3% |
| Vacancy Rate | 13.7% | 9.7% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Sumner County has a homeownership rate of 64.2%, higher than the Kansas average of 60.4%. Its housing vacancy rate is 13.7%, compared with 9.7% in Kansas.
Housing Stock
| Metric | Sumner County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1967 | 1974 | 1978 |
| Median Number of Rooms | 6.2 | 6.0 | 5.5 |
The typical housing unit in Sumner County was built around 1967. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sumner County, Kansas.
What is the median home price in Sumner County, Kansas?
The median home price in Sumner County, Kansas is $99,363, lower than the Kansas average of $104,507.
What is the average home price in Sumner County, Kansas?
The typical home price in %s, reported as the median sale price, is %s. 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 Sumner County, Kansas?
The median gross rent in Sumner County, Kansas is $829 per month, lower than the Kansas average of $1,029.
What was the median gross rent in Sumner County in 2020?
In 2020, the median gross rent in Sumner County, Kansas was $743 per month.
What is the price-to-rent ratio in Sumner County, Kansas?
The price-to-rent ratio in Sumner County, Kansas is about 10.0, meaning it would take roughly 10.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Sumner County.
Are home prices or rent rising faster in Sumner County, Kansas?
Both home prices and rent are rising in Sumner County, up about 4.9% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sumner County, Kansas?
64.2% of households in Sumner County, Kansas own their home, higher than the Kansas average of 60.4%.
What is the vacancy rate in Sumner County, Kansas?
The housing vacancy rate in Sumner County, Kansas is 13.7%, higher than the Kansas average of 9.7%.