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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 $134,815, lower than the South Dakota average of $268,202.
The average cost of rent is $822/mo in Summit, primarily driven by the current value of real estate in the Summit area. In Summit, 21.67% of households rent, and 59.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summit is $5,217 per month. Households that rent pay about 15.75% of their income on rent here. Summit’s most expensive areas are in the southern 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
- 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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