A typical Summit home is worth roughly $276,000
Home prices around Summit have risen about 65% over the past 5 years.
What kind of housing town is Summit?
Read from the numbers below. The page puts what stands out first.
96% of Summit households own their home
Half of Summit’s homes were built before 1980.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Home prices up 65% in 5 years
The federal house price index for the ZIP codes around Summit rose 65% over the past 5 years, faster than across Michigan (52%). Last year prices rose 1.4%.
How Summit ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Summit, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 2.9 years of income
Less than across Michigan (3.7 years). Try your own numbers below.
That covers a typical Summit home, with $86K to spare.
A two-bedroom rents for about $1,030 a month here, $640 less than owning.
How Summit ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Summit’s typical property tax (0.99% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,030
Renters already here pay a median of $1,333.
Fair Market Rent a month, utilities included
How Summit ranks on rent that’s easy to afford →
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Mason County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Summit vs. its neighbors
Summit is the 2nd least expensive of 4 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Summit | $276K* | +1.4%† | $1,030 | — | $94,141 |
| Riverton | $186K* | −0.8%† | $990 | — | $63,250 |
| Pentwater | $403K | +5.4% | $970 | — | $87,708 |
| Pere Marquette | $297K* | +1.4%† | $1,050 | 6 | $84,531 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Summit buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.