Home prices
The median home in Summit is valued at $71,800. Compared to the surrounding areas it is roughly $26,380 (26%) lower.It is roughly $145,700 (66%) lower in comparison to the United States as a whole, and compared to the city of Springfield is about $46,300 (39%) lower.
Rents
The median monthly rent in Summit is $594. In comparison to its nearby areas this is about $9 (1%) higher.It is about $468 (44%) lower compared to the rest of the country, and it is approximately $150 (20%) lower in comparison to the city of Springfield.
Nearby places
Yellville
Yellville is Summit's neighbor to the south. Its real estate prices are significantly more expensive. The median home in Yellville is valued at $110,900, which comes out to $39,100 (35%) higher than Summit. Rent there is somewhat more expensive. Yellville's median rent is $635 a month, which works out to $41 (6%) higher than Summit.
Flippin
Flippin is approximately 4 miles east from Summit. Real estate prices there are a little more expensive. Flippin's median home cost is $84,200, which works out to $12,400 (14%) higher than Summit. Rents there are similar. Flippin's median rent is $582 per month, which comes out to $12 (2%) lower than Summit.
Pyatt
Pyatt is approximately 7 miles west of Summit. Its housing prices are a little less expensive. The cost of the median home in Pyatt is $62,500, which comes out to $9,300 (14%) lower than Summit. Its rents are somewhat more expensive. Pyatt's median rent is $635 a month, which is $41 (6%) higher than Summit.
Cotter
Cotter is about 8 miles east from Summit. The real estate prices there are a lot more expensive. The median home price in Cotter is $107,000, which is $35,200 (32%) higher than Summit. Its rents are a bit less expensive. The median monthly rent in Cotter is $550, which comes out to $44 (8%) lower than Summit.
Bull Shoals
Bull Shoals is about 9 miles northeast of Summit. Housing prices there are a lot more expensive. The median home in Bull Shoals costs $126,300, which comes out to $54,500 (43%) higher than Summit. Rent there is a little less expensive. The median monthly rent in Bull Shoals is $522, which is $72 (13%) lower than Summit.
