Affordable
Expensive
Expensive
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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 $475,489, lower than the Puyallup average of $515,082.
The average cost of rent is $1,646/mo in Summit, primarily driven by the current value of real estate in the Summit area. In Summit, 38.46% of households rent, and 40.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summit is $8,436 per month. Households that rent pay about 19.52% of their income on rent here. Summit’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Waller, Tacoma, WA: higher priced homes
- Eastside Enact, Tacoma, WA: less expensive homes
- South End, Tacoma, WA: less expensive homes
- Frederickson, Tacoma, WA: equally priced homes
- South Tacoma, Tacoma, WA: less expensive homes
- New Tacoma, Tacoma, WA: higher priced homes
- Central, Tacoma, WA: equally priced homes
- Elk Plain, Spanaway, WA: equally priced homes
- Woodbrook, Lakewood, WA: less expensive homes
- Northeast Tacoma, Tacoma, WA: higher priced homes
Neighborhoods with Similar Populations
- West Waco, Woodway, TX: less expensive homes
- Home Gardens, Corona, CA: less expensive homes
- Winton Hills, Cincinnati, OH: less expensive homes
- Hutton Park, West Orange, NJ: higher priced homes
- Jefferson Westside, Eugene, OR: less expensive homes
- Lakeland, Baltimore, MD: less expensive homes
- Lane-Wooster, Akron, OH: less expensive homes
- Latah Valley, Spokane, WA: equally priced homes
- Leonidas, New Orleans, LA: less expensive homes
- Lincoln Creek, Milwaukee, WI: less expensive homes
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