Summit, OK has an impressive median value for houses at $116,500. This is significantly lower than the US House Median Value of $338,100 and shows potential for growth in its real estate market. The US 1 year house appreciation is 8.27%, however Summit, OK's 1 year house appreciation is 13.34%. This demonstrates that the housing market in Summit, OK is on an upward trajectory and could be a great investment opportunity for those looking to buy in the area.
The median home cost in Summit is $116,500. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Summit is up 14.5%.
Average Age of Homes
- The median age of Summit real estate is 37 years old
The Rental Market in Summit
- Renters make up 1.6% 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.