Summit Park, UT is an affluent area where the median house value is significantly higher than the US median. At $966,300, Summit Park's housing market has nearly tripled the national average. The appreciation rate of Summit Park homes has also outpaced the national rate over the past year, at 8.44% compared to 8.27% across the country. This has made housing in Summit Park a desirable investment for those looking to buy in this region.
The median home cost in Summit Park is $966,300. Home appreciation the last 10 years has been 157.2%. Home Appreciation in Summit Park is up 16.3%.
Average Age of Homes
- The median age of Summit Park real estate is 24 years old
The Rental Market in Summit Park
- Renters make up 12.7% of the Summit Park population
- 1.6% of houses and apartments in Summit Park, 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.