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Summitville

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

Median Home$169,600
Median Rent$808/month
Population115
Leading IndustriesProfessional Services · Wholesale Trade · Education7% professional services
Home Value Growth⬆⬆⬆+31.4% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners82% of occupied units
NotableAffordable Market$170k median home · lower cost than 65% of the country
Summitville
OH

Frequently Asked Questions

What are today's mortgage rates in Summitville?

As of today, the 30-year fixed mortgage rate for Summitville is approximately 6.978% (7.017% 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 $170k. The median monthly rent is $808. Annual property taxes average $1k. 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 31.4% 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 $791/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Summitville is $57k/year.

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What industries drive the economy in Summitville?

The largest employment sectors in Summitville are public administration (22%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.