Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Summit City area can be challenging. Home prices in Summit City are now at a median cost of $169,855, lower than the Michigan average of $196,062.
The average cost of rent is $827/mo in Summit City, primarily driven by the current value of real estate in the Summit City area. While nearly 34.66% of residents own their homes outright in Summit City, 10.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in Summit City is $5,117 per month. Households that rent pay about 16.16% of their income on rent here. Summit City's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Kingsley, MI: higher priced homes
- Mayfield, MI: higher priced homes
- Buckley, MI: less expensive homes
- Fife Lake, MI: less expensive homes
- Monroe Center, MI: higher priced homes
- Manton, MI: less expensive homes
- Grawn, MI: higher priced homes
- Karlin, MI: equally priced homes
- Meauwataka, MI: less expensive homes
- Sherman, MI: less expensive homes
Cities with Similar Populations
- Lincoln, MI: less expensive homes
- Scio, NY: less expensive homes
- Phillipsburg, OH: equally priced homes
- Perry, ME: less expensive homes
- Peggs, OK: less expensive homes
- Patrick Afb, FL: higher priced homes
- Overton, NE: less expensive homes
- Ossian, IA: less expensive homes
- Orangeville, IL: less expensive homes
- Opdyke, IL: less expensive homes
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