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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 $165,245, lower than the New York average of $610,895.
The average cost of rent is $935/mo in Summit, primarily driven by the current value of real estate in the Summit area. In Summit, 7.47% of households rent, and 66.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summit is $6,242 per month. Households that rent pay about 14.98% of their income on rent here. Summit’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lutheranville, NY: equally priced homes
- Charlotteville, NY: equally priced homes
- Richmondville, NY: equally priced homes
- Vintonton, NY: higher priced homes
- Jefferson, NY: higher priced homes
- West Richmondville, NY: equally priced homes
- West Fulton, NY: higher priced homes
- East Worcester, NY: less expensive homes
- Warnerville, NY: higher priced homes
- Hyndsville, NY: equally priced homes
Cities with Similar Populations
- Gum Springs, MS: less expensive homes
- Woods Cross Roads, VA: higher priced homes
- Wyandot, OH: higher priced homes
- Wyatte, MS: higher priced homes
- Yelvington, FL: higher priced homes
- Hartford, IN: higher priced homes
- Hamer, ID: higher priced homes
- Hallwood, PA: equally priced homes
- Hagans, WV: higher priced homes
- Highpoint, MS: less expensive homes
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