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These days, finding an affordable place to live in the Summerfield area can be challenging. Home prices in Summerfield are now at a median cost of $479,875, higher than the North Carolina average of $323,314.
The average cost of rent is $1,249/mo in Summerfield, primarily driven by the current value of real estate in the Summerfield area. In Summerfield, 10.88% of households rent, and 33.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summerfield is $12,786 per month. Households that rent pay about 9.77% of their income on rent here. Summerfield’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stokesdale, NC: less expensive homes
- Oak Ridge, NC: equally priced homes
- Ellisboro, NC: less expensive homes
- Browns Summit, NC: less expensive homes
- Belews Creek, NC: less expensive homes
- Pine Hall, NC: less expensive homes
- Madison, NC: less expensive homes
- Monroeton, NC: less expensive homes
- Kernersville, NC: less expensive homes
- McLeansville, NC: less expensive homes
Cities with Similar Populations
- Bethlehem, GA: less expensive homes
- Sunny Vista, CA: higher priced homes
- Bay Village, OH: less expensive homes
- Beachwood, OH: less expensive homes
- Bedford, OH: less expensive homes
- Bedford, VA: less expensive homes
- Firestone, CO: higher priced homes
- Jensen Beach, FL: less expensive homes
- Tanque Verde, AZ: higher priced homes
- Bellingham, MA: equally priced homes
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