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Sumatra

Learn about the people, housing, costs and businesses in Sumatra, Florida

Median Home$150,989
Median Rent$949/month
Population197
Leading IndustriesWholesale Trade · Manufacturing · Information & Media18% wholesale trade
Home Value Growth⬆⬆⬆+32.5% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners80% of occupied units
Sumatra
FL

Frequently Asked Questions

What are today's mortgage rates in Sumatra?

As of today, the 30-year fixed mortgage rate for Sumatra is approximately 6.946% (6.984% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Sumatra?

The median home value in Sumatra is $151k. The median monthly rent is $949. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sumatra?

Home values in Sumatra have increased 32.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Sumatra?

Based on a typical all-in ownership cost of $804/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sumatra is $60k/year.

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What industries drive the economy in Sumatra?

The largest employment sectors in Sumatra are public administration (21%) and wholesale trade (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.