Sumner, Illinois Real Estate & Housing Market

Sumner, IL Listings

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Sumner Housing Information

Index	Sumner	Illinois	National
Median home price	$44,700	$174,800	$184,700
Median rent asked	$481	$925	$949
Avg. people per household	2.6	2.6	2.6
Owner occupied households	60.8%	66.0%	63.6%
Renter occupied households	39.2%	34.0%	36.4%

Above, you'll find an overview of the real estate market in Sumner, IL. Generally, real estate in the Sumner, IL area is more affordable in Illinois, as the median price of a home in Sumner, IL is $44,700, which is 74% lower than the Illinois average. The median rental price in Sumner, IL is $481. This is 48% lower than the average rental price in Illinois. Home owners comprise 60.8% of the population of Sumner, IL, where an average of 2.6 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Sumner, IL. Below, you can search for real estate listings in Sumner, IL using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Sumner Home Affordability

When searching for real estate in Sumner, IL, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Sumner, IL, the median house price is $44,700, while the median income for households in the area is $32,895. Therefore, the ratio of house price to income is 1.4x; this ratio is 54% lower than the average in Illinois. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Sumner, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Calhoun, IL	184	$38,000	79%
Parkersburg, IL	146	$38,400	79%
St. Francisville, IL	483	$46,900	75%
Flat Rock, IL	329	$49,600	73%
West Salem, IL	858	$51,600	72%
Sumner, IL	5,094	$44,700	76%

Cities with similar population

City, State	Population	Home Price	National Avg.
King George, VA	5,092	$251,400	36%
Tucumcari, NM	5,091	$53,300	71%
Fort Lee, VA	5,091	$203,600	10%
Milan, IL	5,097	$96,000	48%
Monee, IL	5,098	$148,100	20%
Sumner, IL	5,094	$44,700	76%

Source: The Sumner, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).