Sumter, SC—29153
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 $201,000, with a year-over-year change of -3.2%. This indicates that home prices in Sumter, SC are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $201,000 | -3.2% |
| Single Family | $201,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $96,000 | -8.6% |
3 Bed | $194,000 | -1.0% |
4 Bed | $287,000 | 1.4% |
| 5 Bed | $328,000 | -1.2% |
% of Housing Stock
Rental Trends — Sumter, SC
As of July '25, Rentcast reports the average rent in Sumter, SC is $1,590, with a year-over-year rent change of -9.1%. Per bedroom, the median rent as of July '25 in Sumter, SC is 1-bedrooms: $975, 2-bedrooms: $999, 3-bedrooms: $1,500, 4-bedrooms: $2,070. The most common rental property sizes in Sumter, SC are 3-bedroom and 2-bedroom, accounting for 56.1% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,590 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $975 | $975 |
| 2 Bed Rent | $950 | $999 |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | $2,000 | $2,070 |
% 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 64. This is a increase of 30.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $312,000 | 0.0% |
Listing Count | 106 | 27.0% |
| Listings as % of Homes | 1.2% | 27.0% |
Days on Market | 64 | 30.0% |
Demographics — Sumter, SC
As of the latest ACS Survey released in 2023, Sumter, SC has a population of 15,100, which has increased by 1.1% over the past 5 years. Sumter, SC is a moderately popular place for families, as children make up 21.0% of the population. The area has a poorly educated workforce, with 22.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,100 | 1.1% |
% Under 18 | 21.0% | -6.7% |
% Seniors | 18.8% | 23.7% |
% WFH | 3.7% | 146.7% |
% w/ College Degree | 22.0% | 53.8% |
As of the latest ACS Survey released in 2023, Sumter, SC is a predominantly black area, with 57.4% of the population identifying as black. The black population has grown by 3.1% in the last 5 years. The second most common race or ethnicity in Sumter, SC is white, making up 34.9% of the population. Foreign-born residents account for 2.1% of the population in Sumter, SC, and this percentage has increased by 10.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 34.9% | -11.9% |
% Black | 57.4% | 3.1% |
% Hispanic | 3.1% | 10.7% |
% Asian | 1.8% | 500.0% |
% Foreign Born | 2.1% | 10.5% |
Mortgage and Risk — Sumter, SC
According to HUD data as of 2023, there were 307 mortgage originations in Sumter, SC, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 84.0%, with 56.0% above 90% LTV (very high). This implies large mortgage risk in Sumter, SC. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 307 |
% Conventional Loans | 48.0% |
% Government Loans | 52.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Sumter, SC
As of 2024, the percent of homes in Sumter, SC under the Section 8 program is 12.9%. 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 | 253 |
Total Units Section 8 | 161 |
% Rentals under Section 8 | 12.9% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $5 | $975 | $980 |
| 2 Bedroom | $310 | $950 | $1,260 |
| 3 Bedroom | $20 | $1,500 | $1,520 |
| 4 Bedroom | -$230 | $2,000 | $1,770 |
Affordability — Sumter, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $201,000 |
| Median Household Income | $61,800 |