The housing market in Summit, NY is thriving. The median value of homes in Summit is $175,800, which is substantially lower than the US median of $338,100. Recently, the US Housing Appreciation rate has been 8.27%, but it has exceeded that in Summit, reaching 11.65%. This demonstrates the positive outlook that homeowners have on home values in Summit. It is clear that real estate investors and prospective buyers should consider this city as a great option for their next investment or residence.
The median home cost in Summit is $175,800. Home appreciation the last 10 years has been 51.8%. Home Appreciation in Summit is up 11.9%.
Average Age of Homes
- The median age of Summit real estate is 43 years old
The Rental Market in Summit
- Renters make up 4.2% 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.