There are currently 31,490 real estate properties in SUMTER, SC, with a median automated valuation model (AVM) price of $164,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in SUMTER, SC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in SUMTER, SC, is $185,964.00, with the most expensive house in SUMTER, SC, topping out at $8,202,500.00 and the cheapest home in SUMTER, SC, clocking in at $10,400.00. In other words, there’s something for every potential homebuyer or savvy investor in SUMTER, SC!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in SUMTER, SC, is on a rollercoaster ride. The average rent price in SUMTER, SC, is $1,008.00. Indeed, when looking to rent in SUMTER, SC, you can expect to pay as little as $440.00 or as much as $2,720.00, with the average rent median estimated to be $940.00. The good news is that finding an affordable and desirable property to rent in SUMTER, SC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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