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Summit, WA
Full City Profile · Washington · Pierce County County
3.1
/5.0
B
Good
8,885
Population
1,746/sq mi density
$107,977
Median Income
$48,685 per capita
$480,000
Home Value
$578,360 Zillow
$1,460
Median Rent
20.2% income on rent
51°F
Avg Temperature
240 sunny days/yr
1,108
Violent Crime/100K
7,005 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$107,977 median income, 4.3% unemployment
A
Affordability
4.2 / 5.0
$480,000 home value, $1,460/mo rent
F
Safety
1.0 / 5.0
1,108 violent crimes/100K (192% above avg)
C+
Education
2.7 / 5.0
21.1% bachelor's degree or higher
Housing Overview
Median Home Value
$480,000
70% above
US avg: $281,900
Median Rent
$1,460/mo
26% above
US avg: $1,163/mo
Homeownership Rate
78.9%
21% above US avg (65.4%)
Total Housing Units
3,525
Median year built: 1979
Home Value by Source
Census Median
$480,000
Zillow (ZHVI)
$578,360
Median Sale Price
$593,500
Median List Price
$724,600
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
78.9%
Owner-Occupied
21.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,082/mo
1 Bedroom
$1,180/mo
2 Bedroom
$1,472/mo
3 Bedroom
$2,003/mo
4 Bedroom
$2,351/mo
Census median rent:
$1,460/mo
Market Indicators (Redfin)
Median Days on Market
71 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
21.7%
of listings with price reduction
Price Per Sq Ft
$322
Active Inventory
23
homes for sale
Affordability & Housing Stock
Rent Burden
20.2%
of renters spending 30%+ of income on housing
35% below US avg (31.0%)
Median Year Built
1979
Average age of housing stock: 47 years
Homeownership Rate
78.9%
Complete Housing Data
Home Values
| Census Median Value | $480,000 |
| Zillow Home Value (ZHVI) | $578,360 |
| Median Sale Price | $593,500 |
| Median List Price | $724,600 |
| Price Per Sq Ft | $322 |
Rent
| Census Median Rent | $1,460 |
| FMR Studio | $1,082 |
| FMR 1-Bedroom | $1,180 |
| FMR 2-Bedroom | $1,472 |
| FMR 3-Bedroom | $2,003 |
| FMR 4-Bedroom | $2,351 |
Market
| Days on Market | 71 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 21.7% |
| Homes Sold | 2 |
| Active Inventory | 23 |
| Price Per Sq Ft | $322 |
Ownership & Stock
| Owner-Occupied | 78.9% |
| Renter-Occupied | 21.1% |
| Homeownership Rate | 78.9% |
| Total Housing Units | 3,525 |
| Median Year Built | 1979 |
| Rent Burden | 20.2% |