Summit, OH county is a desirable place to live due to its comparatively high housing values in comparison with the US House median value. According to available data, the Housing Median Value in Summit, OH County is $179,200 while the US House Median Value is $338,100. This means that Summit, OH County homes are quite affordable when compared on a national scale. In addition, the one year house appreciation rate for Summit is 10.87%, which is higher than the national average of 8.27%. This makes Summit an attractive location for potential homebuyers looking to invest in real estate and benefit from potential returns in the future.
The median home cost in Summit County is $179,200. Home appreciation the last 10 years has been 78.9%. Home Appreciation in Summit County is up 14.5%.
Average Age of Homes
- The median age of Summit County real estate is 53 years old
The Rental Market in Summit County
- Renters make up 29.7% of the Summit County population
- 1.3% 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.