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 $81,406, lower than the South Dakota average of $199,518.
The average cost of rent is $759/mo in Summit, primarily driven by the current value of real estate in the Summit area. While nearly 64.85% of residents own their homes outright in Summit, 20.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Summit is $4,775 per month. Households that rent pay about 15.90% of their income on rent here. Summit's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Marvin, SD: higher priced homes
- Ortley, SD: higher priced homes
- South Shore, SD: higher priced homes
- Waubay, SD: higher priced homes
- Wilmot, SD: higher priced homes
- Twin Brooks, SD: higher priced homes
- Corona, SD: higher priced homes
- Peever, SD: higher priced homes
- Grenville, SD: higher priced homes
- Hartford Beach, SD: higher priced homes
Cities with Similar Populations
- Grady, AR: less expensive homes
- Grover, WY: higher priced homes
- Groos, MI: higher priced homes
- Grimes, CA: higher priced homes
- Greensboro, VT: higher priced homes
- Green Center, IN: higher priced homes
- Graysontown, VA: higher priced homes
- Grapeville, PA: higher priced homes
- Granville, TN: higher priced homes
- Hanover, WI: higher priced homes
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