The housing market in 72677 Summit, AR is doing very well with the median value of homes being $99,900. This is significantly lower than the US median value of $338,100 and presents an opportunity for potential home buyers to purchase a quality home at an affordable price. The US one-year house appreciation rate is 8.27%, but in 72677 Summit the house appreciation rate is even higher at 14.31%. This indicates that investing in a home in this area can result in a significant return on investment. Homeowners here can expect to see their properties appreciate at an above average rate over time.
The median home cost in Summit (zip 72677) is $99,900. Home appreciation the last 10 years has been 72.5%. Home Appreciation in Summit (zip 72677) is up 23.4%.
Average Age of Homes
- The median age of Summit (zip 72677) real estate is 37 years old
The Rental Market in Summit (zip 72677)
- Renters make up 29.2% of the Summit (zip 72677) population
- 3.7% of houses and apartments in Summit (zip 72677), 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.