Summit, NY—12175
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Summit, NY
As of Oct '25, the median home price in Summit, NY is $226,000, with a year-over-year change of 1.9%. This indicates that home prices in Summit, NY are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $226,000 | 1.9% |
| Single Family | $226,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $213,000 | 3.9% |
3 Bed | $252,000 | 0.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Summit, NY
Summit, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Summit, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Summit, NY is 52. This is a decrease of -30.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $202,000 | -28.0% |
Listing Count | 12 | 3.0% |
| Listings as % of Homes | 1.1% | 3.0% |
Days on Market | 52 | -30.0% |
Demographics — Summit, NY
As of the latest ACS Survey released in 2023, Summit, NY has a population of 725, which has increased by 27.2% over the past 5 years. Summit, NY is a moderately popular place for families, as children make up 24.4% of the population. The area has a moderately educated workforce, with 25.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 725 | 27.2% |
% Under 18 | 24.4% | 98.4% |
% Seniors | 35.6% | 96.7% |
% WFH | 3.9% | -50.0% |
% w/ College Degree | 25.2% | -6.3% |
As of the latest ACS Survey released in 2023, Summit, NY is a predominantly white area, with 84.1% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Summit, NY is hispanic, making up 12.8% of the population. Foreign-born residents account for 1.0% of the population in Summit, NY, and this percentage has decreased by 52.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.1% | -4.1% |
% Black | 0.6% | 50.0% |
% Hispanic | 12.8% | 1,063.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.0% | -52.4% |
Mortgage and Risk — Summit, NY
Summit, NY lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Summit, NY
Summit, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,080 |
| 2 Bedroom | N/A | N/A | $1,310 |
| 3 Bedroom | N/A | N/A | $1,580 |
| 4 Bedroom | N/A | N/A | $1,740 |
Affordability — Summit, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $226,000 |
| Median Household Income | $88,400 |