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Summitville

Learn about the people, housing, costs and businesses in Summitville, Indiana

Median Home$138,400
Median Rent$785/month
Population1,039
Leading IndustriesRetail · Professional Services16% retail
Home Value Growth+10.4% over 2 years
Young Adults25% of residents
Homeowners89% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$138k median home · lower cost than 78% of the country
Summitville
IN

Frequently Asked Questions

What are today's mortgage rates in Summitville?

As of today, the 30-year fixed mortgage rate for Summitville is approximately 7.029% (7.070% 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 Summitville?

The median home value in Summitville is $138k. The median monthly rent is $785. Annual property taxes average $774. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Summitville?

Home values in Summitville have increased 10.4% 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 Summitville?

Based on a typical all-in ownership cost of $821/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Summitville is $74k/year.

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What industries drive the economy in Summitville?

The largest employment sectors in Summitville are public administration (25%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.