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Summit, MS

Full City Profile · Mississippi · Pike County County

3.1 /5.0
B Good
2,684 Population 1,162/sq mi density
$33,983 Median Income $16,583 per capita
$101,700 Home Value $137,754 Zillow
$936 Median Rent 44.5% income on rent
66°F Avg Temperature 313 sunny days/yr
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
C
Economy
2.1 / 5.0
$33,983 median income, 5.2% unemployment
A+
Affordability
5.0 / 5.0
$101,700 home value, $936/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C+
Education
2.6 / 5.0
20.6% bachelor's degree or higher

Housing Overview

Median Home Value
$101,700
64% below
US avg: $281,900
Median Rent
$936/mo
20% below
US avg: $1,163/mo
Homeownership Rate
53.9%
18% below US avg (65.4%)
Total Housing Units
908
Median year built: 1980

Home Value by Source

Census Median
$101,700
Zillow (ZHVI)
$137,754
Median Sale Price
$102,500
Median List Price
$259,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

53.9%
Owner-Occupied
46.1%
Renter-Occupied
54%
46%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$751/mo
1 Bedroom
$782/mo
2 Bedroom
$924/mo
3 Bedroom
$1,177/mo
4 Bedroom
$1,295/mo
Census median rent: $936/mo

Market Indicators (Redfin)

Median Days on Market
155 days
Sale-to-List Ratio
0.8%
Buyers market
Homes Sold
1
Price Drops
28.6%
of listings with price reduction
Price Per Sq Ft
$79
Active Inventory
7
homes for sale

Affordability & Housing Stock

Rent Burden
44.5%
of renters spending 30%+ of income on housing
44% above US avg (31.0%)
Median Year Built
1980
Average age of housing stock: 46 years
Homeownership Rate
53.9%

Complete Housing Data

Home Values

Census Median Value$101,700
Zillow Home Value (ZHVI)$137,754
Median Sale Price$102,500
Median List Price$259,000
Price Per Sq Ft$79

Rent

Census Median Rent$936
FMR Studio$751
FMR 1-Bedroom$782
FMR 2-Bedroom$924
FMR 3-Bedroom$1,177
FMR 4-Bedroom$1,295

Market

Days on Market155
Sale-to-List Ratio0.8%
Price Drops28.6%
Homes Sold1
Active Inventory7
Price Per Sq Ft$79

Ownership & Stock

Owner-Occupied53.9%
Renter-Occupied46.1%
Homeownership Rate53.9%
Total Housing Units908
Median Year Built1980
Rent Burden44.5%