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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 ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle 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, MSMississippiU.S.
Total Housing Units827, see rank, 100%1,284,794132,741,033
Occupied Housing Units698, 84.40%, see rank85.04%87.55%
Owner Occupied437, 52.84%, see rank58.59%56.34%
Renter Occupied261, 31.56%, see rank26.45%31.21%
Vacant Housing Units129, 15.60%, see rank14.96%12.45%
For Rent24, 2.90%, see rank3.20%2.34%
For Sale Only15, 1.81%, see rank1.19%1.20%
Rented or Sold, Not Occupied0, 0.00%, see rank0.92%0.92%
For Seasonal, Recreational, or Occasional Use39, 4.72%, see rank3.09%3.97%
For Migrant Workers0, 0.00%, see rank0.05%0.03%
Other Vacant51, 6.17%, see rank6.50%4.00%

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

Year Structure Built

Median Built Year, #240
Summit, MSMississippiU.S.
197319821976

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%MississippiU.S.
Owner-Occupied Units437100%752,82574,787,460
With a Mortgage25257.67%, see rank53.37%65.58%
Without a Mortgage18542.33%, see rank46.63%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 CostsSummit, MS%MississippiU.S.
$299 or Less00.00%, see rank0.32%0.20%
$300 to $49900.00%, see rank3.84%1.59%
$500 to $6996325.00%, see rank11.99%5.01%
$700 to $9997730.56%, see rank26.92%14.32%
$1,000 to $1,4998734.52%, see rank32.71%27.90%
$1,500 to $1,999114.37%, see rank14.24%20.35%
$2,000 to $2,99931.19%, see rank7.78%19.52%
$3,000 or More114.37%, see rank2.22%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%MississippiU.S.
10% or Less2811.11%, see rank6.94%5.86%
10% to 20%6224.60%, see rank35.03%31.95%
20% to 30%5220.63%, see rank25.20%27.64%
30% to 40%2811.11%, see rank12.61%13.74%
40% or More8232.54%, see rank19.44%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 CostsSummit, MS%MississippiU.S.
$199 or Less2211.89%, see rank14.03%7.76%
$200 to $2994624.86%, see rank25.44%14.70%
$300 to $4998948.11%, see rank39.59%34.63%
$500 to $6992312.43%, see rank14.55%21.16%
$700 or More52.70%, see rank6.39%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%MississippiU.S.
10% or Less4926.49%, see rank41.93%40.19%
10% to 20%4122.16%, see rank30.64%31.47%
20% to 30%4122.16%, see rank11.80%12.24%
30% to 40%179.19%, see rank5.63%5.64%
40% or More2714.59%, see rank8.24%9.16%

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

Units in Structure

 Summit, MSMississippiU.S.
Total Housing Units827, 100%1,284,794132,741,033
1-unit, Detached640, 77.39%, see rank69.39%61.65%
1-unit, Attached1, 0.12%, see rank1.19%5.82%
2 Units38, 4.59%, see rank2.31%3.75%
3 or 4 Units23, 2.78%, see rank3.00%4.43%
5 to 9 Units9, 1.09%, see rank4.56%4.78%
10 or More Units2, 0.24%, see rank4.24%13.08%
Mobile Home, Boat, RV, Van, etc.114, 13.78%, see rank15.31%6.49%

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

Rooms

 Summit, MSMississippiU.S.
Total Housing Units827, 100%1,284,794132,741,033
1 Room9, 1.09%, see rank1.21%1.95%
2 Rooms7, 0.85%, see rank1.58%2.48%
3 Rooms37, 4.47%, see rank6.13%9.13%
4 Rooms116, 14.03%, see rank16.22%16.60%
5 Rooms237, 28.66%, see rank26.42%20.41%
6 Rooms234, 28.30%, see rank20.78%18.06%
7 Rooms105, 12.70%, see rank12.73%12.27%
8 Rooms42, 5.08%, see rank7.32%8.48%
9 Rooms or More40, 4.84%, see rank7.61%10.60%
Median Rooms5.50, see rank5.405.50

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

Bedrooms

 Summit, MSMississippiU.S.
Total Housing Units827, 100%1,284,794132,741,033
No Bedroom12, 1.45%, see rank1.31%2.17%
1 Bedroom45, 5.44%, see rank5.88%11.16%
2 Bedrooms201, 24.30%, see rank22.42%26.69%
3 Bedrooms413, 49.94%, see rank53.47%39.70%
4 Bedrooms134, 16.20%, see rank14.46%16.05%
5 or More Bedrooms22, 2.66%, see rank2.46%4.22%

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

House Heating Fuel

 Summit, MSMississippiU.S.
Total Housing Units698, 100%1,092,627116,211,092
Utility Gas365, 52.29%, see rank30.86%48.85%
Bottled, Tank, or LP Gas9, 1.29%, see rank12.73%4.86%
Electricity324, 46.42%, see rank54.38%36.68%
Fuel Oil, Kerosene, etc.0, 0.00%, see rank0.13%5.86%
Coal or Coke0, 0.00%, see rank0.01%0.12%
Wood0, 0.00%, see rank1.52%2.12%
Solar Energy0, 0.00%, see rank0.01%0.05%
Other Fuel0, 0.00%, see rank0.13%0.47%
No Fuel Used0, 0.00%, see rank0.24%1.00%

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

Gross Rent

Monthly RentalSummit, MSMississippiU.S.
Occupied Units Paying Rent226, 100%295,00339,201,928
$199 or Less3, 1.33%, see rank2.92%1.50%
$200 to $29911, 4.87%, see rank5.50%3.18%
$300 to $49951, 22.57%, see rank14.14%7.37%
$500 to $69967, 29.65%, see rank25.54%16.01%
$700 to $99977, 34.07%, see rank33.80%29.17%
$1,000 to $1,4993, 1.33%, see rank15.24%26.88%
$1,500 to $1,99914, 6.19%, see rank2.09%9.79%
$2,000 or More0, 0.00%, see rank0.76%6.10%
Median$633, see rank$714$920

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

Vehicle Available

 Summit, MSMississippiU.S.
Occupied Housing Units698, 100%1,092,627116,211,092
No Vehicles Available91, 13.04%, see rank6.90%9.12%
1 Vehicles Available257, 36.82%, see rank33.90%33.80%
2 Vehicles Available185, 26.50%, see rank37.27%37.48%
3 or More Vehicles Available165, 23.64%, see rank21.93%19.61%

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


 
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