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Summit, MS Real Estate


According to census data in the year 2000 there were 658 housing units in Summit. This represents a 0.5% decline from 661 in 1990.

Of those housing units, 638 were located in either urbanized areas or urban clusters, and 20 were located in what is classified as a rural area.

Homeownership rate in Summit is about 70.7%. Summit's vacancy rate, including seasonal lodging, is about 10.3%. Average household size is 2.42 people.

The majority of houses, apartments or condos in Summit were built after 1968.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom7.90%
Two Bedrooms28.10%
Three Bedrooms49.80%
Four Bedrooms11.60%
Five Bedrooms or more2.60%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.33
Median year structure was built1968
Median Value of occupied units$60,100
Median Price asked for vacant units$30,000

Rented Homes, Apartments and Condos

Average Household Size2.65
Median year structure was built1969
Median Monthly Rent asked for vacant units$438

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0.50%
Home Equity Loan2.70%
Simple Mortgage52.60%
Debt Free44.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs21.1%