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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Sumrall, MS Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Sumrall, MS Housing Market Trends

With 1,911 people, 735 houses or apartments, and a median cost of homes 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%).

Sumrall Home Appreciation Rates

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.

Average Home Values

Median Home Value

$313,769

Sumrall, MS Home Prices
> $1,423,000
$1,068,001 - $1,423,000
$712,001 - $1,068,000
$569,001 - $712,000
$427,001 - $569,000
$285,001 - $427,000
$142,001 - $285,000
$71,001 - $142,000
$0 - $71,000
2.0%
2.0%
0.8%
0.8%
2.7%
2.7%
5.6%
5.6%
14.9%
14.9%
30.3%
30.3%
26.2%
26.2%
6.1%
6.1%
11.5%
11.5%
0% 100.0%
% of Homes
Very High

for Mississippi

Average

for nation

Number of Homes And Apartments:

735

Sumrall Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,012 / per month

Homeownership Rate

Owners
Renters
84.5%
84.5%
15.5%
15.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.9%
7.9%
92.1%
92.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
51.6%
51.6%
28.9%
28.9%
8.3%
8.3%
11.2%
11.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
93.1%
93.1%
0.0%
0.0%
2.0%
2.0%
1.3%
1.3%
3.6%
3.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.1%
0.1%
0.4%
0.4%
13.3%
13.3%
56.6%
56.6%
23.8%
23.8%
5.8%
5.8%
0% 100.0%
% of Homes

Popular Neighborhoods in Sumrall

Zip Codes in Sumrall, MS