Summit, OR has a median housing value of $534,600, which is nearly 60% higher than the national median value of $338,100. The appreciation of housing in Summit over the last year has been 9.26%, which is 1% higher than the US average appreciation rate of 8.27%. The housing market in Summit is strong and demand for home ownership continues to increase, making it an attractive option for potential buyers looking for an area with high property values and continued growth potential.
The median home cost in Summit is $534,600. Home appreciation the last 10 years has been 144.5%. Home Appreciation in Summit is up 14.2%.
Average Age of Homes
- The median age of Summit real estate is 78 years old
The Rental Market in Summit
- Renters make up 16.1% 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.