Summit, CO County is a thriving area with some of the highest median housing values in the country. The median housing value in Summit County is an impressive $962,600. This number is significantly higher than the US median house value of $338,100 and speaks to the desirability of this area. Despite the high values, housing appreciation has remained steady with a 1 year appreciation rate of 7.69%, slightly lower than the US rate of 8.27%. This shows that while the market remains strong for those looking to invest in Summit County real estate, it remains steady and relatively affordable compared to other areas around the country.
The median home cost in Summit County is $962,600. Home appreciation the last 10 years has been 147.2%. Home Appreciation in Summit County is up 16.7%.
Average Age of Homes
- The median age of Summit County real estate is 30 years old
The Rental Market in Summit County
- Renters make up 11.2% of the Summit County population
- 4.9% of houses and apartments in Summit County, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.