The housing market in 39666 Summit, MS is performing well above the national average. The median value of homes in the area is currently $157,400, significantly lower than the US median value of $338,100. This lower price point is great news for potential buyers as it offers an affordable option. Additionally, the one-year appreciation rate for houses in this area is 12.50%, well above the US average of 8.27%. This indicates that there has been a sizable increase in house prices over the past year and suggests that now may be an ideal time to purchase a home in 39666 Summit, MS.
The median home cost in Summit (zip 39666) is $157,400. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Summit (zip 39666) is up 14.5%.
Average Age of Homes
- The median age of Summit (zip 39666) real estate is 32 years old
The Rental Market in Summit (zip 39666)
- Renters make up 15.5% of the Summit (zip 39666) population
- 1.2% of houses and apartments in Summit (zip 39666), 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.