Summit, MO—63660
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Summit, MO
Summit, MO lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $152,000 | 3.9% |
| Single Family | $152,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Summit, MO
Summit, MO 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, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Summit, MO is 94. This is a decrease of -8.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $251,000 | 33.0% |
Listing Count | 6 | -39.0% |
| Listings as % of Homes | 0.2% | -39.0% |
Days on Market | 94 | -8.0% |
Demographics — Summit, MO
As of the latest ACS Survey released in 2023, Summit, MO has a population of 3,490, which has decreased by -6.7% over the past 5 years. Summit, MO is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 4.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,490 | -6.7% |
% Under 18 | 22.6% | 31.4% |
% Seniors | 17.1% | 23.0% |
% WFH | 2.7% | -6.9% |
% w/ College Degree | 4.6% | -2.1% |
As of the latest ACS Survey released in 2023, Summit, MO is a predominantly white area, with 82.1% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Summit, MO is black, making up 12.4% of the population. Foreign-born residents account for 0.7% of the population in Summit, MO, and this percentage has increased by 133.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.1% | -2.8% |
% Black | 12.4% | 9.7% |
% Hispanic | 0.7% | -63.2% |
% Asian | 0.4% | 33.3% |
% Foreign Born | 0.7% | 133.3% |
Mortgage and Risk — Summit, MO
According to HUD data as of 2023, there were 55 mortgage originations in Summit, MO, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Summit, MO. Investor activity is low, as 7.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 55 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Summit, MO
Summit, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $680 |
| 2 Bedroom | N/A | N/A | $830 |
| 3 Bedroom | N/A | N/A | $1,000 |
| 4 Bedroom | N/A | N/A | $1,240 |
Affordability — Summit, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $152,000 |
| Median Household Income | $56,000 |