A typical Sumter home is worth roughly $298,000
What kind of housing town is Sumter?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.9 years of income
Less than across Minnesota (3.9 years). Try your own numbers below.
That covers a typical Sumter home, with $99K to spare.
A two-bedroom rents for about $990 a month here, $780 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Sumter’s typical property tax (0.83% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
92% of Sumter households own their home
Half of Sumter’s homes were built before 1968.
Minnesota: 72% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $990
Renters already here pay a median of $1,021.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (McLeod County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Sumter vs. its neighbors
Sumter is the 2nd least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Sumter | $298K* | — | $990 | $101,250 |
| Glencoe | $259K | +2.2% | $1,010 | $115,682 |
| Hassan Valley | $319K* | +1%† | $1,030 | $100,875 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Sumter buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.