The typical owner-occupied home in Sumner is worth about $46,000, 83% below the Illinois median of $263,300 and 86% below the national median of $332,700. Owners pay a median $560 a year in property taxes, about 1.22% of their home's value, lower than the Illinois rate of 2.01%. The median household earns $55,625 a year, so the median home costs 0.8 times the median income (3.2 times for Illinois). 72% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Sumner at a glance
| Sumner | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $46,000 | $263,300 | $332,700 |
| Median property tax paid per year | $560 | $5,298 | $3,119 |
| Property tax as a share of value | 1.22% | 2.01% | 0.94% |
| Median household income | $55,625 | $83,390 | $80,734 |
| Homes lived in by their owners | 72% | 67% | 65% |
| Owner homes with a mortgage | 54% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $913 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 16.8% | 20.6% | 21.0% |
| Median rent | $738 | $1,274 | $1,413 |
| Rent as a share of renters' income | 29.0% | 29.1% | 30.6% |
| Median year homes were built | 1954 | 1971 | 1980 |
| Vacant homes | 17.6% | 7.7% | 10.1% |
| Population | 2,252 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Sumner
At this week's average 30-year rate of 7.11%, buying the median Sumner home of $46,000 with 20% down costs about $313 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $390, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $13,435 for the 20%-down payment. That payment is 7% of the median Sumner household income of $55,625; at that income and 20% down, the 28% guideline points to a home of about $190,000.
The median rent here is $738 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $9,200 |
|---|---|
| Loan amount | $36,800 |
| Principal and interest | $248 |
| Property taxes (1.22% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $19 |
| PMI | $0 |
| Total per month | $313 |
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| Down payment | $1,610 |
|---|---|
| Loan amount | $45,167 |
| Principal and interest | $304 |
| Property taxes (1.22% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $19 |
| FHA mortgage insurance | $20 |
| Total per month | $390 |
Change the numbers in the calculator
Questions about home buying in Sumner
What is the median home value in Sumner?
About $46,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sumner?
Homeowners pay a median $560 a year, which is about 1.22% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Sumner?
For the median home with 20% down at 7.11%, the payment is about $313 a month. Keeping that under 28% of gross income takes about $13,435 a year.
More about Sumner
- Mortgage Refinance in Sumner
- Debt Relief in Sumner
- Home Equity Loans in Sumner
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data