Zip 12175 (Summit, NY) Housing

The housing market in 12175 Summit, NY is thriving. The median value of a home in this location is $195,500, which is significantly lower than the US median house value of $338,100. The US has seen a 1 year house appreciation rate of 8.27%, while 12175 Summit, NY has seen an even higher rate of 12.23%. This demonstrates that houses in the area are increasing in value quickly and could be a great investment for potential home buyers or real estate investors.

The median home cost in Summit (zip 12175) is $195,500. Home appreciation the last 10 years has been 52.6%. Home Appreciation in Summit (zip 12175) is up 11.9%.

Average Age of Homes

- The median age of Summit (zip 12175) real estate is 38 years old

The Rental Market in Summit (zip 12175)

- Renters make up 5.8% of the Summit (zip 12175) population
- 0.0% of houses and apartments in Summit (zip 12175), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Summit, New York	United States
	556.0	139,647,020.0
	44	42
	$195,500	$338,100
	11.9%	16.6%
	46.3%	57.0%
	52.6%	101.1%
	$18.95	$10.98
	$2,333	$2,690
	44.2%	57.4%
	49.5%	11.2%
	6.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	3.6%	0.7%
	3.6%	0.4%
	36.7%	3.6%
	5.6%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	1.6%	2.4%
	1.2%	2.8%
	2.8%	3.9%
	5.3%	4.5%
	50.8%	11.3%
	12.2%	13.0%
	8.9%	20.1%
	9.4%	13.6%
	4.5%	8.3%
	1.6%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	1.6%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	4.0%	13.6%
	4.0%	13.6%
	14.2%	13.6%
	27.0%	13.2%
	11.0%	14.8%
	14.2%	13.6%
	5.9%	10.0%
	6.5%	4.7%
	21.2%	12.2%

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