Photo: Calvin Beale · Public domainRenting in Sumner: a two-bedroom costs about $1,030
Sumner is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
The short version on homes in Sumner
Prices are 49% below their 2022 peak
The typical Sumner home peaked at $258K in January 2022 and is worth about $131K now. Across Mississippi, values are at or near their high. Over five years, Sumner is down 44%. Price trend ↓
Owning can cost less than renting
With 20% down at the calculator’s rate, the typical Sumner home runs about $770 a month with tax and insurance. A two-bedroom rents for about $1,030. Can I afford it? ↓
Written from the data on this page. Home values are the Zillow Home Value Index, through September 2026; permits are Census figures through 2025 (2025 partly estimated); incomes, rents paid, taxes and ownership come from the Census American Community Survey, which has wide margins in a place this size.
Why Sumner isn’t graded
The grade needs at least two of four Census figures: home value, rent, property tax and the share of households paying 30% or more for housing.
A two-bedroom rents for about $1,030
Renters already here pay a median of $537, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Tallahatchie County, MS): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs below the Mississippi norm
The median bill is $1,107 (Mississippi: $1,215), 0.68% of a home’s value a year, against 0.72% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Sumner and its neighbors
One source per column.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Sumner | – | $131K | $163K | 0.68% | $1,030 |
“—” under Cost: not graded (too little Census data, or under 1,000 residents).
Questions about the cost of living in Sumner
How much is rent in Sumner?
HUD puts a two-bedroom at about $1,030 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $537 (Census 2020–24).
What are property taxes in Sumner?
The median bill is $1,107 a year, 0.68% of the median home value (Mississippi: $1,215, 0.72%), from the Census 2020–24.
Why doesn’t Sumner have a cost of living grade?
Sumner is too small for a cost of living grade (TownRatings grades places of 1,000 or more).
Neighbors talk housing
What Sumner buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.