Summit, ND is a great place to live in terms of housing. The median value of homes is $184,600, which is significantly lower than the US median value of $338,100. Furthermore, the appreciation rate of homes in Summit over the past year has been 12 percent higher than that of the entire US at 8.27 percent. This means that not only are Summit residents able to purchase homes for less money than the rest of the nation but they are also likely to see a better return on investment should they decide to sell it in the future.
The median home cost in Summit is $184,600. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Summit is up 13.5%.
Average Age of Homes
- The median age of Summit real estate is 32 years old
The Rental Market in Summit
- Renters make up 0.0% 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.