Summit Township Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$85,700

  • -14.3% 1-year change
  • None 1-year forecast

The median home value in Summit Township is $85,700. Summit Township home values have declined -14.3% over the past year. The median price of homes currently listed in Summit Township is $109,000.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Summit Township is 7.1%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Summit Township homeowners underwater on their mortgage is 17.3%.

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Relative ZHVI
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Summit Township Market Overview

Data through Jul 31, 2015
  • $85,700 ZHVI
  • No data 1-yr forecast
  • No recent data Median listing price
  • No data Median sale price
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Summit Township Market Health

Data through Jul 31, 2015
  • 5.0/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 17.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 7.1% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Brothersvalley Township $119,100
Somerset Township $112,200
Grantsville $109,500
Name Median ZHVI
Berlin $106,900
Frostburg $102,400
Meyersdale $78,600

Listings & Sales

  • No data
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Summit Township Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $978 Summit Township
    $987 Somerset Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • No data Rent list price / sq ft
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