The housing market in Summit, SD (zip code 57266) has been performing very well. The median value of homes is $105,800, which is significantly lower than the US median house value of $338,100. Over the last year, homes in Summit have appreciated by 14.45%, much higher than the 8.27% appreciation rate seen across the country. This indicates that real estate in this area is a strong investment and could continue to appreciate at a high rate for years to come.
The median home cost in Summit (zip 57266) is $105,800. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Summit (zip 57266) is up 17.2%.
Average Age of Homes
- The median age of Summit (zip 57266) real estate is 62 years old
The Rental Market in Summit (zip 57266)
- Renters make up 23.5% of the Summit (zip 57266) population
- 1.3% of houses and apartments in Summit (zip 57266), 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.