menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Sunman, IN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Sunman, IN Housing Market Trends

With 923 people, 481 houses or apartments, and a median cost of homes of $309,154, Sunman real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Sunman, accounting for 62.52% of the town's housing units. Other types of housing that are prevalent in Sunman include mobile homes or trailers ( 26.39%), large apartment complexes or high rise apartments ( 8.03%), and a few row houses and other attached homes ( 1.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sunman. Owner-occupied housing accounts for 68.39% of Sunman's homes, and 71.13% have either three or four bedrooms, which is average sized relative to America.

Sunman homes and real estate are some of the newest in America. 38.43% of Sunman's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Sunman real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.64%), and before 1939 ( 17.97%). There's also some housing in Sunman built between 1940-1969 ( 13.96%).

Sunman Home Appreciation Rates

Real estate appreciation rates in Sunman's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.79% during the period.

NeighborhoodScout's data show that during the latest twelve months, Sunman's appreciation rate, at 6.64%, has been at or slightly above the national average. In the latest quarter, Sunman's appreciation rate has been 1.91%, which annualizes to a rate of 7.88%.

Relative to Indiana, our data show that Sunman's latest annual appreciation rate is higher than 50% of the other cities and towns in Indiana.

Average Home Values

Median Home Value

$309,154

Sunman, IN Home Prices
> $1,350,000
$1,013,001 - $1,350,000
$675,001 - $1,013,000
$540,001 - $675,000
$405,001 - $540,000
$270,001 - $405,000
$135,001 - $270,000
$68,001 - $135,000
$0 - $68,000
0.7%
0.7%
0.1%
0.1%
1.2%
1.2%
3.3%
3.3%
22.8%
22.8%
34.4%
34.4%
29.9%
29.9%
1.2%
1.2%
6.3%
6.3%
0% 100.0%
% of Homes
Very High

for Indiana

Average

for nation

Number of Homes And Apartments:

481

Sunman Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,289 / per month

Homeownership Rate

Owners
Renters
68.4%
68.4%
31.6%
31.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.0%
8.0%
92.0%
92.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
38.4%
38.4%
29.6%
29.6%
14.0%
14.0%
18.0%
18.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.5%
62.5%
1.9%
1.9%
1.1%
1.1%
8.0%
8.0%
26.4%
26.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
7.3%
7.3%
21.0%
21.0%
54.3%
54.3%
16.8%
16.8%
0.6%
0.6%
0% 100.0%
% of Homes