Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Summit area can be challenging. Home prices in Summit are now at a median cost of $113,100, lower than the Alabama average of $185,232.
The average cost of rent is $629/mo in Summit, primarily driven by the current value of real estate in the Summit area. While nearly 73.76% of residents own their homes outright in Summit, 12.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Summit is $3,679 per month. Households that rent pay about 17.10% of their income on rent here. Summit's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- McLarty, AL: higher priced homes
- Strawberry, AL: less expensive homes
- Holly Pond, AL: higher priced homes
- Blountsville, AL: equally priced homes
- Snead, AL: equally priced homes
- Horton, AL: higher priced homes
- Susan Moore, AL: equally priced homes
- Walter, AL: higher priced homes
- Douglas, AL: higher priced homes
- Mountain Grove, AL: higher priced homes
Cities with Similar Populations
- Leighton, KY: less expensive homes
- Kenwood, AR: less expensive homes
- Kerlin, AR: higher priced homes
- Keslers Cross Lanes, WV: less expensive homes
- Kicking Horse, MT: higher priced homes
- Kimberley, AR: less expensive homes
- Kimbrough, GA: less expensive homes
- Kinder, MO: equally priced homes
- King Hill, LA: higher priced homes
- La Loma, NM: less expensive homes
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