Summit, AZ is a great place to invest in housing with its median value of $112,200. This value is significantly lower than the US median house value of $338,100; however, the house appreciation rate in Summit over the past year was 13.29%, which is larger than the US appreciation rate of 8.27%. This makes it an attractive option for potential buyers looking for an area with higher potential returns on their investment than the national average.
The median home cost in Summit is $112,200. Home appreciation the last 10 years has been 136.6%. Home Appreciation in Summit is up 21.2%.
Average Age of Homes
- The median age of Summit real estate is 32 years old
The Rental Market in Summit
- Renters make up 26.3% of the Summit population
- 0.0% of houses and apartments in Summit, 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.