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Housing in Summit

A typical Summit home is worth roughly $201,000

Typical home value
$201K
WI $340K
Estimate
2-bedroom rent
$1,120
a month, utilities in · HUD
Median tax bill
$2,187
WI $3,792

What kind of housing town is Summit?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

A typical home costs 2.8 years of income

Less than across Wisconsin (4.4 years). Try your own numbers below.

You could afford about
$269,000
Typical Summit home $201K

That covers a typical Summit home, with $68K to spare.

The typical home, each month
$1,240
Loan $1,000Tax $180Insurance $60

A two-bedroom rents for about $1,120 a month here, $120 less than owning.

Where your budget reaches nearby

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 (1.09% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

96% of Summit households own their home

Half of Summit’s homes were built before 1975.

Owners and renters
Own 96%Rent 4%

Wisconsin: 68% own.

1975
typical home built · WI 1975
$2,187
median property tax bill · WI $3,792
1.09%
of a home’s value, a year in tax · WI 1.42%
23%
of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $1,120

Fair Market Rent a month, utilities included

Studio$770
1 bedroom$890
2 bedrooms$1,120
3 bedrooms$1,510
4 bedrooms$1,860
4%
of households rent · WI 32%
17
renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Duluth, MN-WI MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Summit vs. its neighbors

Summit is the least expensive of 5 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentNew homes 2021Median income
Summit$201K*—$1,120—$71,071
Superior$234K+4.2%$1,140—$118,194
Gordon$289K+5.8%$1,040—$74,375
Oakland$286K*+17.3%†$1,210—$88,828
Holyoke$247K+7%$1,190—$96,250
Dairyland—−1.9%†$1,030—$59,167
Nickerson——$1,1100$54,583

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.

On the market in Summit

Listed in the past 60 days. Each opens on the listing site.

Neighbors talk housing

What Summit buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Summit still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

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. 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.

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