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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 $183,200, lower than the South Carolina average of $296,593.
The average cost of rent is $963/mo in Summit, primarily driven by the current value of real estate in the Summit area. In Summit, 13.29% of households rent, and 50.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summit is $4,765 per month. Households that rent pay about 20.21% of their income on rent here. Summit’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
- Leesville, SC: higher priced homes
- Gilbert, SC: higher priced homes
- Kneece, SC: less expensive homes
- Batesburg-Leesville, SC: equally priced homes
- Batesburg, SC: less expensive homes
- Samaria, SC: less expensive homes
- Lexington, SC: higher priced homes
- Red Bank, SC: equally priced homes
- Lake Murray Shores, SC: higher priced homes
- Monetta, SC: less expensive homes
Cities with Similar Populations
- Golden Ridge, MT: higher priced homes
- Green Rock, IL: less expensive homes
- Grand Mound, WA: higher priced homes
- Grand Marais, MI: equally priced homes
- Grand Chain, IL: less expensive homes
- Graham, OK: less expensive homes
- Gortner, MD: equally priced homes
- Goodwill, MD: higher priced homes
- Golightly, SC: higher priced homes
- Golden Valley, ND: equally priced homes
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