Sumter, SC—29150
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sumter, SC
As of Oct '25, the median home price in Sumter, SC is $180,000, with a year-over-year change of -3.4%. This indicates that home prices in Sumter, SC are decreasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $180,000 | -3.4% |
| Single Family | $182,000 | -3.2% |
| Condos | $68,000 | -4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $80,000 | -11.1% |
3 Bed | $170,000 | -2.9% |
4 Bed | $301,000 | 1.0% |
| 5 Bed | $352,000 | 1.1% |
% of Housing Stock
Rental Trends — Sumter, SC
As of July '25, Rentcast reports the average rent in Sumter, SC is $1,260, with a year-over-year rent change of 5.0%. Per bedroom, the median rent as of July '25 in Sumter, SC is 1-bedrooms: $833, 2-bedrooms: $985, 3-bedrooms: $1,420, 4-bedrooms: $2,040. The most common rental property sizes in Sumter, SC are 2-bedroom and 3-bedroom, accounting for 45.5% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $775 | $833 |
| 2 Bed Rent | $950 | $985 |
| 3 Bed Rent | $1,350 | $1,420 |
| 4 Bed Rent | $2,050 | $2,040 |
% of Rental Stock
Property Listings — Sumter, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Sumter, SC is 58. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $259,000 | -1.0% |
Listing Count | 242 | 22.0% |
| Listings as % of Homes | 0.9% | 22.0% |
Days on Market | 58 | -1.0% |
Demographics — Sumter, SC
As of the latest ACS Survey released in 2023, Sumter, SC has a population of 38,500, which has decreased by -2.8% over the past 5 years. Sumter, SC is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,500 | -2.8% |
% Under 18 | 25.0% | -1.6% |
% Seniors | 19.1% | 9.8% |
% WFH | 4.2% | 110.0% |
% w/ College Degree | 24.1% | 8.1% |
As of the latest ACS Survey released in 2023, Sumter, SC is a predominantly black area, with 49.8% of the population identifying as black. The black population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Sumter, SC is white, making up 39.2% of the population. Foreign-born residents account for 3.7% of the population in Sumter, SC, and this percentage has decreased by 11.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 39.2% | -8.8% |
% Black | 49.8% | 0.2% |
% Hispanic | 5.4% | 25.6% |
% Asian | 2.0% | 25.0% |
% Foreign Born | 3.7% | -11.9% |
Mortgage and Risk — Sumter, SC
According to HUD data as of 2023, there were 594 mortgage originations in Sumter, SC, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Sumter, SC. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 594 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Sumter, SC
As of 2024, the percent of homes in Sumter, SC under the Section 8 program is 13.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Sumter, SC, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,251 |
Total Units Section 8 | 873 |
% Rentals under Section 8 | 13.8% |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $175 | $775 | $950 |
| 2 Bedroom | $270 | $950 | $1,220 |
| 3 Bedroom | $120 | $1,350 | $1,470 |
| 4 Bedroom | -$340 | $2,050 | $1,710 |
Affordability — Sumter, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $180,000 |
| Median Household Income | $48,800 |