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Affordable
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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 $233,910, lower than the Arizona average of $421,436.
The average cost of rent is $1,467/mo in Summit, primarily driven by the current value of real estate in the Summit area. In Summit, 20.96% of households rent, and 33.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summit is $6,596 per month. Households that rent pay about 22.24% of their income on rent here. Summit’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tucson, AZ: higher priced homes
- South Tucson, AZ: less expensive homes
- Drexel Heights, AZ: equally priced homes
- Vail, AZ: higher priced homes
- Valencia West, AZ: higher priced homes
- Tucson Estates, AZ: equally priced homes
- Flowing Wells, AZ: less expensive homes
- Tanque Verde, AZ: higher priced homes
- Three Points, AZ: less expensive homes
- Pan Tak, AZ: less expensive homes
Cities with Similar Populations
- Maricopa, AZ: higher priced homes
- Royal Palm Beach, FL: higher priced homes
- Roy, UT: higher priced homes
- Rome, NY: less expensive homes
- Ocean Springs, MS: higher priced homes
- New Smyrna Beach, FL: higher priced homes
- Mount Pleasant, MI: less expensive homes
- Milledgeville, GA: equally priced homes
- Midvale, UT: higher priced homes
- San Juan, TX: less expensive homes
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