Quick facts: Sumrall, MS

Quick Facts

92.7
Cost of Living
below US average
1,911
Population
9.42
Crime Rate per 1000
below US average
$82,292
Median Income
above US average
$299,000
Median House Price
above US average
$1675.0
Average Rent
above US average
10%
Poverty Rate
below US average
3.4%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $82,292.

🏠

Income Needed to Buy

βœ— Stretch
$94k/year
Based on $299,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $82,292
🏒

Income Needed to Rent

βœ“ Affordable
$72k/year
Based on $1675.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($82,292) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sumrall, MS

Sumrall is a quaint town located in Lamar County, Mississippi. With a small population of around 1,500 residents, it offers a tight-knit community atmosphere that is characteristic of many small towns in the southern U.S. The town is situated approximately 20 miles southeast of Hattiesburg, making it convenient for residents to access larger city amenities while enjoying a more laid-back lifestyle. Sumrall boasts a rich history, originally founded in the late 19th century and named after a local lumber mill owner. The area is known for its picturesque landscapes, featuring rolling hills and abundant pine forests, making it an ideal spot for outdoor enthusiasts. The town has several parks and recreational areas that cater to families and individuals alike. The local economy primarily revolves around agriculture, retail, and small businesses. Residents often gather for community events, fostering strong local ties. Sumrall also has a growing school district, offering quality education for the youth. Overall, Sumrall embodies the charm of small-town life, with a welcoming community spirit and scenic surroundings.

πŸ” Search & Compare Places

First Location πŸ“