Summit, AR is a great place to consider when looking for housing. The median house value in Summit is $92,100 which is significantly lower than the US median house value of $338,100. Over the past year, the appreciation rate in Summit has been 14.31%, which is much higher than the national average of 8.27%. This makes Summit a great option for investing in real estate as well as finding an affordable house for your family or yourself.
The median home cost in Summit is $92,100. Home appreciation the last 10 years has been 72.5%. Home Appreciation in Summit is up 23.4%.
Average Age of Homes
- The median age of Summit real estate is 37 years old
The Rental Market in Summit
- Renters make up 28.6% of the Summit population
- 5.0% 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.