Sumter, SC

Population: 41,190
Average annual home appreciation rate: 3.96%
Total of homes for sale in this market: 792
Median home price: $130,575
Median Rent: $794 per room
Home price range: 44.52% of homes are between $98,001 – $195,000
Median sales price: Still gathering data
Number of homes: 236
Median foreclosure sales price: $38,050
Foreclosure discount: Still gathering data
Most common home type: 61.14% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 15.53%
Number of renters: 49.11%
Number of owner occupied: 50.89%
Number people living below poverty level: 20.20%
Unemployment rate: 6.60%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Sumter area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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