Sumter, South Carolina Housing Market Prices
Sumter 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.
-
Median home price 8% below the South Carolina median$220,432
-
Median rent 14% below the South Carolina median$1,012
Housing Market Overview
| Metric | Sumter | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $220,432 | $239,609 | $248,835 |
| Price Trend (Annual %) | 9.6% | 8.9% | 7.5% |
| Median Gross Rent | $1,012 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sumter is about 8% lower than in South Carolina. Rent is about 14% lower than the South Carolina 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, up about 9.6% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Sumter rose about 42.1% between 2015 and 2024, from $712 to $1,012. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Sumter.
Buying the median-priced home in Sumter costs roughly 18.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sumter. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Sumter | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $220,432 | $239,609 | $248,835 |
| Median Household Income | $53,685 | $69,383 | $80,455 |
| Price-to-Income Ratio | 4.1 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sumter rose about 87.4%, while median household income rose about 41.7% 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 | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.4% | 62.3% | 58.5% |
| Rental Rate | 34.1% | 24.4% | 31.2% |
| Vacancy Rate | 15.5% | 13.3% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Sumter has a homeownership rate of 50.4%, lower than the South Carolina average of 62.3%. Its housing vacancy rate is 15.5%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Sumter | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1983 | 1990 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Sumter was built around 1983. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sumter, South Carolina.
What is the median home price in Sumter, South Carolina?
The median home price in Sumter, South Carolina is $220,432, lower than the South Carolina average of $239,609.
What is the average home price in Sumter, South Carolina?
The typical home price in Sumter, South Carolina, reported as the median sale price, is $220,432. 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, South Carolina?
The median gross rent in Sumter, South Carolina is $1,012 per month, lower than the South Carolina average of $1,179.
What was the median gross rent in Sumter in 2020?
In 2020, the median gross rent in Sumter, South Carolina was $812 per month.
What is the price-to-rent ratio in Sumter, South Carolina?
The price-to-rent ratio in Sumter, South Carolina is about 18.2, meaning it would take roughly 18.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sumter.
Are home prices or rent rising faster in Sumter, South Carolina?
Both home prices and rent are rising in Sumter, up about 9.6% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sumter, South Carolina?
50.4% of households in Sumter, South Carolina own their home, lower than the South Carolina average of 62.3%.
What is the vacancy rate in Sumter, South Carolina?
The housing vacancy rate in Sumter, South Carolina is 15.5%, higher than the South Carolina average of 13.3%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →