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Clarks Summit

Learn about the people, housing, costs and businesses in Clarks Summit, Pennsylvania

Median Home$234,900
Median Rent$1,326/month
Population5,029
Leading IndustriesRetail · Public Administration · Transportation16% retail
Home Value Growth⬆⬆+11.5% over 2 years
Retirees23% of residentsslightly above average
Homeowners73% of occupied units
NotableAmenity Score78/100 · highly walkable area
NotableHigh Incomes$93k/year · top 22% nationally
Clarks Summit
PA

Frequently Asked Questions

What are today's mortgage rates in Clarks Summit?

As of today, the 30-year fixed mortgage rate for Clarks Summit is approximately 6.969% (7.011% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Clarks Summit?

The median home value in Clarks Summit is $235k. The median monthly rent is $1,326. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Clarks Summit?

Home values in Clarks Summit have increased 11.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Clarks Summit?

Based on a typical all-in ownership cost of $1,341/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Clarks Summit is $93k/year.

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What industries drive the economy in Clarks Summit?

The largest employment sectors in Clarks Summit are public administration (27%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.