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These days, finding an affordable place to live in the Summerset area can be challenging. Home prices in Summerset are now at a median cost of $321,788, higher than the Iowa average of $226,062.
The average cost of rent is $1,614/mo in Summerset, primarily driven by the current value of real estate in the Summerset area. In Summerset, 13.80% of households rent, and 36.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summerset is $8,312 per month. Households that rent pay about 19.42% of their income on rent here. Summerset’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Scotch Ridge, IA: higher priced homes
- Palmyra, IA: equally priced homes
- Indianola, IA: less expensive homes
- Ackworth, IA: equally priced homes
- Carlisle, IA: less expensive homes
- Spring Hill, IA: higher priced homes
- Medora, IA: higher priced homes
- Hartford, IA: less expensive homes
- Sandyville, IA: equally priced homes
- Norwalk, IA: equally priced homes
Cities with Similar Populations
- Forest Lake, PA: less expensive homes
- Evanston, IN: less expensive homes
- Exeter, NE: less expensive homes
- Fairfield, WA: equally priced homes
- Fedhaven, FL: less expensive homes
- Fillmore, IL: less expensive homes
- Fithian, IL: less expensive homes
- Five Points, CA: less expensive homes
- Flatwoods, VA: less expensive homes
- Fondis, CO: higher priced homes
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