Summit, AR Real Estate
According to census data in the year 2000 there were 253 housing units in Summit.
This represents a 7.7% growth from 235 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 253 were located in what is classified as a rural area.
Homeownership rate in Summit is about 58.8%.
Summit's vacancy rate, including seasonal lodging, is about 16.6%.
Average household size is 2.66 people.
The majority of houses, apartments or condos in Summit were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.90% |
| One Bedroom | 4% |
| Two Bedrooms | 42.30% |
| Three Bedrooms | 44.30% |
| Four Bedrooms | 3.60% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $48,900 |
| Median Price asked for vacant units | $65,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.97 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $246 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 2.60% |
| Simple Mortgage | 49.40% |
| Debt Free | 48.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
