Total monthly cost of ownership
Cost to Own a Home in Sumner, Iowa
A $112,000 home here costs
$1,097per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $47,000 a year.
A standard mortgage calculator would have told you $611. The real number is $486 higher every month, 80% more than the payment most buyers budget for.
Compare Bremer County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Sumner from a five-year rolling sample, and with about 2,159 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Bremer County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Sumner against Bremer County and Iowa
| Measure | Sumner | Bremer County |
|---|---|---|
| Median home value | $111,900 | $207,200 |
| Median property tax | $1,613 | $2,796 |
| Effective tax rate | 1.441% | 1.349% |
| Median gross rent | $598 | $844 |
| Population | 2,159 | 25,118 |
Sumner extends across 2 counties. Figures here use Bremer County, where most of its housing sits.
The weather behind that power bill
Sumner sits in Bremer County, which averages a high of 82.8°F in its hottest month and a low of 7.3°F in its coldest, with 38.64" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 682 cooling and 7,435 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Bremer County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bremer County
Talk to someone who works this market
These are Sumner averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Sumner every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Sumner I already own here and may sell
Common questions
How much does it cost to own a home in Sumner?
A $112,000 home in Sumner, Iowa costs approximately $1,097 per month with 20% down at 7.24%. That is $611 principal and interest, $134 property tax, $49 homeowners insurance, $210 utilities and $93 set aside for maintenance.
What is the property tax rate in Sumner?
Sumner has an effective property tax rate of 1.441%, based on a median home value of $111,900 and median real estate taxes of $1,613. That is higher than the Bremer County average of 1.349%.
What is the average home price in Sumner?
The median owner-occupied home value in Sumner, Iowa is $111,900, against $207,200 across Bremer County.
Is it cheaper to rent or buy in Sumner?
Median gross rent in Sumner is $598 a month, against $1,097 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Sumner?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Sumner, Iowa at today's rate takes a household income of roughly $47,000 a year. That covers the full $1,097 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Sumner, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Iowa.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.