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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 $226,300, lower than the Missouri average of $246,641.
The average cost of rent is $587/mo in Summit City, primarily driven by the current value of real estate in the Summit City area. In Summit City, 12.78% of households rent, and 45.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summit City is $3,710 per month. Households that rent pay about 15.82% of their income on rent here. Summit City’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Noble, MO: equally priced homes
- Thornfield, MO: equally priced homes
- Wasola, MO: less expensive homes
- Squires, MO: less expensive homes
- Nottinghill, MO: less expensive homes
- Almartha, MO: less expensive homes
- Pondfork, MO: equally priced homes
- Romance, MO: less expensive homes
- Willhoit, MO: less expensive homes
- Smallett, MO: less expensive homes
Cities with Similar Populations
- Limp, SC: less expensive homes
- Leistville, OH: higher priced homes
- Lenarue, KY: less expensive homes
- Lennie, AR: less expensive homes
- Leon, VA: higher priced homes
- Lester, WA: higher priced homes
- Levert, AL: less expensive homes
- Lex, WV: less expensive homes
- Liberty Road, KY: less expensive homes
- Lehman Hot Springs, OR: higher priced homes
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