Summit, WA housing market
The typical Summit home is worth about $583,000, about the same as a year ago, close to the Washington typical home. Homes typically sell in 48 days, a little above asking.
Home values, sales, trends and how Summit compares with the towns next door — updated as new data is published.
Summit at a glance
A seller's market
Supply is tight — about 3.7 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Summit | Washington |
|---|---|---|
| 2017 | $306,000 | $326,000 |
| 2018 | $341,000 | $362,000 |
| 2019 | $367,000 | $390,000 |
| 2020 | $395,000 | $413,000 |
| 2021 | $469,000 | $471,000 |
| 2022 | $535,000 | $554,000 |
| 2023 | $554,000 | $572,000 |
| 2024 | $569,000 | $582,000 |
| 2025 | $594,000 | $605,000 |
| 2026 | $590,000 | $601,000 |
| August 2026 | $583,000 | $592,000 |
Summit and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Summit | $583K | −0.1% | $2,090 | — | $106,736 |
| Puyallup | $565K | +0.2% | $2,040 | 333 | $97,826 |
| Midland | $483K | +0.2% | $1,930 | — | $84,700 |
| Clover Creek | $529K | +0.9% | $2,130 | — | $95,061 |
| Waller | $589K | +0.8% | $1,900 | — | $101,490 |
5.5 years of income
The typical Summit home costs about 5.5 years of the town's median household income, less than across Washington (6 years).
How Summit ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,090
HUD's Fair Market Rent for a two-bedroom in Summit is $2,090 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Summit pay a median of $1,519, so moving in tends to cost more than staying put. A two-bedroom takes about 23% of the town's median household income.
Studio $1,510 · 4 bedrooms $3,290
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (98371, 98373, 98445, 98446; Tacoma, WA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.