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 $156,726, higher than the Mississippi average of $145,564.
The average cost of rent is $805/mo in Summit, primarily driven by the current value of real estate in the Summit area. While nearly 52.69% of residents own their homes outright in Summit, 20.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in Summit is $4,001 per month. Households that rent pay about 20.13% of their income on rent here. Summit's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Mccomb, MS: less expensive homes
- Norfield, MS: higher priced homes
- Fernwood, MS: less expensive homes
- Mars Hill, MS: less expensive homes
- McElveen, MS: less expensive homes
- Holmesville, MS: less expensive homes
- Thompson, MS: less expensive homes
- Magnolia, MS: less expensive homes
- Ruth, MS: equally priced homes
- Smithdale, MS: less expensive homes
Cities with Similar Populations
- Presque Isle, ME: less expensive homes
- Nesbit, MS: higher priced homes
- North Sarasota, FL: higher priced homes
- Peru, IL: equally priced homes
- Pleasant Hills, PA: higher priced homes
- Pleasant Valley, NY: higher priced homes
- Pollock Pines, CA: higher priced homes
- Pomona, NJ: higher priced homes
- Pompton Plains, NJ: higher priced homes
- Poplarville, MS: less expensive homes
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