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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 $152,333, lower than the Oklahoma average of $210,566.
The average cost of rent is $895/mo in Summit, primarily driven by the current value of real estate in the Summit area. In Summit, 13.24% of households rent, and 52.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summit is $5,677 per month. Households that rent pay about 15.77% of their income on rent here. Summit’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oktaha, OK: equally priced homes
- Muskogee, OK: equally priced homes
- Beland, OK: equally priced homes
- Wainwright, OK: equally priced homes
- Rentiesville, OK: equally priced homes
- Braggs, OK: less expensive homes
- Taft, OK: higher priced homes
- Boynton, OK: less expensive homes
- Council Hill, OK: less expensive homes
- Gore, OK: higher priced homes
Cities with Similar Populations
- South Levant, ME: higher priced homes
- Lemon, MS: higher priced homes
- Rocky Branch, LA: equally priced homes
- Roxton, TX: higher priced homes
- Sandisfield, MA: higher priced homes
- Savannah, OH: higher priced homes
- Schurz, NV: less expensive homes
- Scranton, IA: less expensive homes
- Shirland, IL: higher priced homes
- Short Falls, NH: higher priced homes
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