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 $120,264, lower than the Arkansas average of $160,541.
The average cost of rent is $720/mo in Summit, primarily driven by the current value of real estate in the Summit area. While nearly 57.30% of residents own their homes outright in Summit, 24.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Summit is $3,922 per month. Households that rent pay about 18.36% of their income on rent here. Summit's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Yellville, AR: higher priced homes
- Ralph, AR: higher priced homes
- Flippin, AR: higher priced homes
- Snow, AR: higher priced homes
- Lakeway, AR: higher priced homes
- Rea Valley, AR: higher priced homes
- Cotter, AR: higher priced homes
- Bruno, AR: higher priced homes
- Pyatt, AR: higher priced homes
- Bull Shoals, AR: higher priced homes
Cities with Similar Populations
- Eakin, SD: higher priced homes
- Fortine, MT: higher priced homes
- Fishville, LA: higher priced homes
- Findlay, IL: less expensive homes
- Fairfield, MI: higher priced homes
- Fairdealing, KY: higher priced homes
- East Thetford, VT: higher priced homes
- East Prospect, PA: higher priced homes
- East Machias, ME: higher priced homes
- East Lynne, MO: higher priced homes
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