Sumner, WA—98390
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sumner, WA
As of Oct '25, the median home price in Sumner, WA is $596,000, with a year-over-year change of 0.5%. This indicates that home prices in Sumner, WA are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $596,000 | 0.5% |
| Single Family | $601,000 | 0.5% |
| Condos | $467,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $452,000 | 0.7% |
3 Bed | $577,000 | 0.7% |
4 Bed | $699,000 | 1.0% |
| 5 Bed | $779,000 | 1.0% |
% of Housing Stock
Rental Trends — Sumner, WA
As of July '25, Rentcast reports the average rent in Sumner, WA is $2,170, with a year-over-year rent change of 5.9%. Per bedroom, the median rent as of July '25 in Sumner, WA is studios: $1,630, 1-bedrooms: $1,760, 2-bedrooms: $1,940, 3-bedrooms: $3,120, 4-bedrooms: $3,150. The most common rental property sizes in Sumner, WA are 2-bedroom and 3-bedroom, accounting for 45.5% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,820 | $2,170 |
| Studio Rent | $1,550 | $1,630 |
| 1 Bed Rent | $1,800 | $1,760 |
| 2 Bed Rent | $1,800 | $1,940 |
| 3 Bed Rent | $2,500 | $3,120 |
| 4 Bed Rent | $3,150 | $3,150 |
% of Rental Stock
Property Listings — Sumner, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Sumner, WA is 66. This is a increase of 10.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $575,000 | 8.0% |
Listing Count | 30 | 12.0% |
| Listings as % of Homes | 0.2% | 12.0% |
Days on Market | 66 | 10.0% |
Demographics — Sumner, WA
As of the latest ACS Survey released in 2023, Sumner, WA has a population of 11,500, which has increased by 4.4% over the past 5 years. Sumner, WA is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 23.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,500 | 4.4% |
% Under 18 | 22.0% | -12.7% |
% Seniors | 14.1% | -4.7% |
% WFH | 11.2% | 489.5% |
% w/ College Degree | 23.0% | -10.2% |
As of the latest ACS Survey released in 2023, Sumner, WA is a predominantly white area, with 73.0% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Sumner, WA is hispanic, making up 18.0% of the population. Foreign-born residents account for 8.9% of the population in Sumner, WA, and this percentage has increased by 134.2% 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 | 73.0% | -10.0% |
% Black | 0.9% | -40.0% |
% Hispanic | 18.0% | 125.0% |
% Asian | 1.0% | -9.1% |
% Foreign Born | 8.9% | 134.2% |
Mortgage and Risk — Sumner, WA
According to HUD data as of 2023, there were 147 mortgage originations in Sumner, WA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Sumner, WA. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 147 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Sumner, WA
As of 2024, the percent of homes in Sumner, WA under the Section 8 program is 4.8%. 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. In Sumner, WA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 115 |
Total Units Section 8 | 115 |
% Rentals under Section 8 | 4.8% |
% Occupied Section 8 | 89.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,800 | $1,850 |
| 2 Bedroom | $470 | $1,800 | $2,270 |
| 3 Bedroom | $680 | $2,500 | $3,180 |
| 4 Bedroom | $480 | $3,150 | $3,630 |
Affordability — Sumner, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $596,000 |
| Median Household Income | $97,800 |