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Summit, MS Housing

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As of 2010-2014, median price of a house in Summit is $87,000, which is lower than the state average of $100,800 and is much lower than the national average of $175,700. The Summit median house value has grown by 44.76% since 2000. The growth rate for the price of a house in Summit is higher than the state average rate of 41.18% and is lower than the national average rate of 46.91%. The median year that a house in Summit was built is 1973, which is older than the median year for a house built in the state which is 1982 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 437 Owner Occupied Houses in Summit, MS, #134

Summit, MS	87,000 USD
Mississippi	100,800 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #148

Summit, MS	44.76%
Mississippi	41.18%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Summit, MS	Mississippi	U.S.
Total Housing Units	827, see rank, 100%	1,284,794	132,741,033
Occupied Housing Units	698, 84.40%, see rank	85.04%	87.55%
Owner Occupied	437, 52.84%, see rank	58.59%	56.34%
Renter Occupied	261, 31.56%, see rank	26.45%	31.21%
Vacant Housing Units	129, 15.60%, see rank	14.96%	12.45%
For Rent	24, 2.90%, see rank	3.20%	2.34%
For Sale Only	15, 1.81%, see rank	1.19%	1.20%
Rented or Sold, Not Occupied	0, 0.00%, see rank	0.92%	0.92%
For Seasonal, Recreational, or Occasional Use	39, 4.72%, see rank	3.09%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.05%	0.03%
Other Vacant	51, 6.17%, see rank	6.50%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #240

Summit, MS	Mississippi	U.S.
1973	1982	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Summit, MS	%	Mississippi	U.S.
Owner-Occupied Units	437	100%	752,825	74,787,460
With a Mortgage	252	57.67%, see rank	53.37%	65.58%
Without a Mortgage	185	42.33%, see rank	46.63%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Summit, MS	946 USD
Mississippi	1,090 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Summit, MS	%	Mississippi	U.S.
$299 or Less	0	0.00%, see rank	0.32%	0.20%
$300 to $499	0	0.00%, see rank	3.84%	1.59%
$500 to $699	63	25.00%, see rank	11.99%	5.01%
$700 to $999	77	30.56%, see rank	26.92%	14.32%
$1,000 to $1,499	87	34.52%, see rank	32.71%	27.90%
$1,500 to $1,999	11	4.37%, see rank	14.24%	20.35%
$2,000 to $2,999	3	1.19%, see rank	7.78%	19.52%
$3,000 or More	11	4.37%, see rank	2.22%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Summit, MS	27.10% of the Total Income
Mississippi	22.60% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Summit, MS	%	Mississippi	U.S.
10% or Less	28	11.11%, see rank	6.94%	5.86%
10% to 20%	62	24.60%, see rank	35.03%	31.95%
20% to 30%	52	20.63%, see rank	25.20%	27.64%
30% to 40%	28	11.11%, see rank	12.61%	13.74%
40% or More	82	32.54%, see rank	19.44%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Summit, MS	332 USD
Mississippi	342 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Summit, MS	%	Mississippi	U.S.
$199 or Less	22	11.89%, see rank	14.03%	7.76%
$200 to $299	46	24.86%, see rank	25.44%	14.70%
$300 to $499	89	48.11%, see rank	39.59%	34.63%
$500 to $699	23	12.43%, see rank	14.55%	21.16%
$700 or More	5	2.70%, see rank	6.39%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Summit, MS	18.20% of the Total Income
Mississippi	11.90% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Summit, MS	%	Mississippi	U.S.
10% or Less	49	26.49%, see rank	41.93%	40.19%
10% to 20%	41	22.16%, see rank	30.64%	31.47%
20% to 30%	41	22.16%, see rank	11.80%	12.24%
30% to 40%	17	9.19%, see rank	5.63%	5.64%
40% or More	27	14.59%, see rank	8.24%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Summit, MS	Mississippi	U.S.
Total Housing Units	827, 100%	1,284,794	132,741,033
1-unit, Detached	640, 77.39%, see rank	69.39%	61.65%
1-unit, Attached	1, 0.12%, see rank	1.19%	5.82%
2 Units	38, 4.59%, see rank	2.31%	3.75%
3 or 4 Units	23, 2.78%, see rank	3.00%	4.43%
5 to 9 Units	9, 1.09%, see rank	4.56%	4.78%
10 or More Units	2, 0.24%, see rank	4.24%	13.08%
Mobile Home, Boat, RV, Van, etc.	114, 13.78%, see rank	15.31%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Summit, MS	Mississippi	U.S.
Total Housing Units	827, 100%	1,284,794	132,741,033
1 Room	9, 1.09%, see rank	1.21%	1.95%
2 Rooms	7, 0.85%, see rank	1.58%	2.48%
3 Rooms	37, 4.47%, see rank	6.13%	9.13%
4 Rooms	116, 14.03%, see rank	16.22%	16.60%
5 Rooms	237, 28.66%, see rank	26.42%	20.41%
6 Rooms	234, 28.30%, see rank	20.78%	18.06%
7 Rooms	105, 12.70%, see rank	12.73%	12.27%
8 Rooms	42, 5.08%, see rank	7.32%	8.48%
9 Rooms or More	40, 4.84%, see rank	7.61%	10.60%
Median Rooms	5.50, see rank	5.40	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Summit, MS	Mississippi	U.S.
Total Housing Units	827, 100%	1,284,794	132,741,033
No Bedroom	12, 1.45%, see rank	1.31%	2.17%
1 Bedroom	45, 5.44%, see rank	5.88%	11.16%
2 Bedrooms	201, 24.30%, see rank	22.42%	26.69%
3 Bedrooms	413, 49.94%, see rank	53.47%	39.70%
4 Bedrooms	134, 16.20%, see rank	14.46%	16.05%
5 or More Bedrooms	22, 2.66%, see rank	2.46%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Summit, MS	Mississippi	U.S.
Total Housing Units	698, 100%	1,092,627	116,211,092
Utility Gas	365, 52.29%, see rank	30.86%	48.85%
Bottled, Tank, or LP Gas	9, 1.29%, see rank	12.73%	4.86%
Electricity	324, 46.42%, see rank	54.38%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	0.13%	5.86%
Coal or Coke	0, 0.00%, see rank	0.01%	0.12%
Wood	0, 0.00%, see rank	1.52%	2.12%
Solar Energy	0, 0.00%, see rank	0.01%	0.05%
Other Fuel	0, 0.00%, see rank	0.13%	0.47%
No Fuel Used	0, 0.00%, see rank	0.24%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Summit, MS	Mississippi	U.S.
Occupied Units Paying Rent	226, 100%	295,003	39,201,928
$199 or Less	3, 1.33%, see rank	2.92%	1.50%
$200 to $299	11, 4.87%, see rank	5.50%	3.18%
$300 to $499	51, 22.57%, see rank	14.14%	7.37%
$500 to $699	67, 29.65%, see rank	25.54%	16.01%
$700 to $999	77, 34.07%, see rank	33.80%	29.17%
$1,000 to $1,499	3, 1.33%, see rank	15.24%	26.88%
$1,500 to $1,999	14, 6.19%, see rank	2.09%	9.79%
$2,000 or More	0, 0.00%, see rank	0.76%	6.10%
Median	$633, see rank	$714	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Summit, MS	Mississippi	U.S.
Occupied Housing Units	698, 100%	1,092,627	116,211,092
No Vehicles Available	91, 13.04%, see rank	6.90%	9.12%
1 Vehicles Available	257, 36.82%, see rank	33.90%	33.80%
2 Vehicles Available	185, 26.50%, see rank	37.27%	37.48%
3 or More Vehicles Available	165, 23.64%, see rank	21.93%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.