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These days, finding an affordable place to live in the Mount Summit area can be challenging. Home prices in Mount Summit are now at a median cost of $209,606, lower than the Indiana average of $232,932.
The average cost of rent is $909/mo in Mount Summit, primarily driven by the current value of real estate in the Mount Summit area. In Mount Summit, 7.85% of households rent, and 34.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Summit is $5,767 per month. Households that rent pay about 15.76% of their income on rent here. Mount Summit’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Springport, IN: less expensive homes
- Sulphur Springs, IN: less expensive homes
- New Lisbon, IN: equally priced homes
- Messick, IN: less expensive homes
- New Castle, IN: less expensive homes
- Oakville, IN: less expensive homes
- Honey Creek, IN: less expensive homes
- Mooreland, IN: less expensive homes
- Cadiz, IN: less expensive homes
- Westwood, IN: equally priced homes
Cities with Similar Populations
- Temperanceville, VA: less expensive homes
- Fork Union, VA: equally priced homes
- Friendsville, PA: higher priced homes
- Garden City, UT: higher priced homes
- Garvin, OK: less expensive homes
- Gheens, LA: less expensive homes
- Syracuse, SC: less expensive homes
- Taylortown, NC: less expensive homes
- Teaberry, KY: less expensive homes
- Fleming, IN: higher priced homes
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