Summit, MO is thriving in terms of housing. Compared to the US median value of $338,100, the median value in Summit is significantly higher at $369,600. This high median value is complemented by an impressive 12.17% appreciation rate in the past year, which is much higher than the national average of 8.27%. These figures demonstrate that Summit is a great place to invest in property and live for those looking for housing with strong potential for appreciation.
The median home cost in Summit is $369,600. Home appreciation the last 10 years has been 99.4%. Home Appreciation in Summit is up 15.1%.
Average Age of Homes
- The median age of Summit real estate is 42 years old
The Rental Market in Summit
- Renters make up 14.4% 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.