The housing market in 47361 Mount Summit, IN has been appreciating significantly in the past year. The median value of a home in this area is $127,400, which is almost 40% lower than the national median of $338,100. Despite the lower price point, homes are still appreciating at a rate of 13.04%, over 4% higher than the national average of 8.27%. This means that those who invest in houses here can expect to see a significant return on their investment over time.
The median home cost in Mount Summit (zip 47361) is $127,400. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Mount Summit (zip 47361) is up 15.1%.
Average Age of Homes
- The median age of Mount Summit (zip 47361) real estate is 67 years old
The Rental Market in Mount Summit (zip 47361)
- Renters make up 18.9% of the Mount Summit (zip 47361) population
- 0.0% of houses and apartments in Mount Summit (zip 47361), 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.