Summitville, IN—46070
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Summitville, IN
As of Oct '25, the median home price in Summitville, IN is $176,000, with a year-over-year change of 3.0%. This indicates that home prices in Summitville, IN are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $176,000 | 3.0% |
| Single Family | $176,000 | 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 | $129,000 | 0.0% |
3 Bed | $189,000 | 3.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Summitville, IN
As of July '25, Rentcast reports the average rent in Summitville, IN is $1,120, with a year-over-year rent change of 22.8%. Per bedroom, the median rent as of July '25 in Summitville, IN is 2-bedrooms: $850, 3-bedrooms: $1,400. The most common rental property sizes in Summitville, IN are 4-bedroom and 3-bedroom, accounting for 29.5% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $1,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $850 | $850 |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Summitville, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Summitville, IN is 32. This is a increase of 42.0% from last year, suggesting that homes are sitting on the market longer 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 | $135,000 | -17.0% |
Listing Count | 7 | -10.0% |
| Listings as % of Homes | 0.4% | -10.0% |
Days on Market | 32 | 42.0% |
Demographics — Summitville, IN
As of the latest ACS Survey released in 2023, Summitville, IN has a population of 2,290, which has decreased by -1.3% over the past 5 years. Summitville, IN is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 15.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,290 | -1.3% |
% Under 18 | 22.5% | -17.9% |
% Seniors | 17.0% | 9.7% |
% WFH | 7.4% | 516.7% |
% w/ College Degree | 15.1% | -13.2% |
As of the latest ACS Survey released in 2023, Summitville, IN is a predominantly white area, with 95.8% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Summitville, IN is hispanic, making up 0.5% of the population. Foreign-born residents account for 0.2% of the population in Summitville, IN, and this percentage has decreased by 88.2% 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 | 95.8% | -0.5% |
% Black | 0.2% | -60.0% |
% Hispanic | 0.5% | -82.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.2% | -88.2% |
Mortgage and Risk — Summitville, IN
According to HUD data as of 2023, there were 47 mortgage originations in Summitville, IN, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Summitville, IN. Investor activity is low, as 0.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Summitville, IN
Summitville, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | $180 | $850 | $1,030 |
| 3 Bedroom | -$70 | $1,400 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Summitville, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $176,000 |
| Median Household Income | $64,700 |