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These days, finding an affordable place to live in the Summit Valley area can be challenging. Home prices in Summit Valley are now at a median cost of $467,478, higher than the Montana average of $409,886.
The average cost of rent is $1,187/mo in Summit Valley, primarily driven by the current value of real estate in the Summit Valley area. In Summit Valley, 12.44% of households rent, and 47.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summit Valley is $6,279 per month. Households that rent pay about 18.91% of their income on rent here. Summit Valley’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cardwell, MT: equally priced homes
- Harrison, MT: equally priced homes
- Pony, MT: equally priced homes
- Jefferson Island, MT: equally priced homes
- Whitehall, MT: less expensive homes
- Willow Creek, MT: equally priced homes
- Norris, MT: higher priced homes
- Red Bluff, MT: higher priced homes
- Three Forks, MT: equally priced homes
- Silver Star, MT: higher priced homes
Cities with Similar Populations
- Stoney Point, GA: less expensive homes
- Julius, AR: less expensive homes
- Kanawha Head, WV: less expensive homes
- Kasbeer, IL: less expensive homes
- Stahl, MO: less expensive homes
- Standing Rock, KY: less expensive homes
- Stapp, OK: less expensive homes
- Stegall, NE: less expensive homes
- Stockbridge, NY: less expensive homes
- Stokestown, NC: less expensive homes
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