Living in Summit, Arkansas
Cost of living, income, home prices, rent and demographics of Summit · Census data 2020–2024
Summit has 706 residents with a median age of 31. The median home value is $126,600, the median rent is $727/month.
Summit is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Summit at a glance
- Population
- 706
- Median age
- 31State: 38.5
- Median home value
- $126,600State: $188,000
- Median rent
- $727/moState: $947
- Homeowners
- 69.2%
- Bachelor's degree or higher
- 9%
- Average commute
- 19 min
Is Summit a good place to live?
Pros: Home values 33% lower than the state median; an average commute of 19 minutes; unemployment of 2.7%.
Cons: A poverty rate of 31.9%.
The weather is best in April–May and September–October.
Cost of living in Summit
Housing is the biggest part of the cost of living. In Summit the median home value is $126,600, 62% lower than the U.S. median. Renters pay a median of $727 per month, which is 26.3% of household income. Homeowners with a mortgage pay $1,014 a month in housing costs.
Housing in Summit: homes for sale and rent
- Housing units
- 293
- Owner-occupied
- 69.2%
- Renter-occupied
- 30.8%
- Vacant
- 18.1%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.94
Summit demographics
- Population
- 706
- Median age
- 31
- Under 18
- 35.7%
- 65 and older
- 8.2%
- Households
- 240
- Foreign-born
- 0%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Summit ›
Education in Summit
9% of adults 25 and older in Summit have a bachelor's degree or higher (Arkansas: 25.7%), and 3.8% have a graduate or professional degree.
Jobs and commute in Summit
- Unemployment rate
- 2.7%State: 4.9%
- Average commute
- 19 minState: 23 min
- Work from home
- 0%
- Drive alone
- 73.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 79.2%
Summit vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Summit | 706 | — | $126,600 | $727 |
| Yellville | 1,223 | $37,813 | $117,300 | $775 |
| Flippin | 1,334 | $43,555 | $113,800 | $792 |
| Pyatt | 135 | $60,714 | $166,700 | — |
| Cotter | 1,063 | $35,792 | $193,100 | $800 |
| Bull Shoals | 1,678 | $41,976 | $158,100 | $715 |
| Gassville | 1,850 | $38,750 | $142,700 | $739 |
| Lakeview | 851 | $66,786 | $215,700 | $675 |
| Midway | 1,279 | $30,750 | $147,300 | $1,035 |
More for people moving to Summit
Summit ZIP code ›Weather and climate ›Living in Summit: FAQ
What is the average home price in Summit?
The median home value in Summit is $126,600, compared with $188,000 in Arkansas.
How much is rent in Summit?
The median gross rent in Summit is $727 per month, about 26.3% of household income.
Is Summit, AR a good place to live?
Pluses: home values 33% lower than the state median; an average commute of 19 minutes; unemployment of 2.7%. Minuses: a poverty rate of 31.9%.
What is the median age in Summit?
The median age in Summit is 31 years (Arkansas: 38.5).
How long is the commute in Summit?
The average commute to work in Summit is 19 minutes; 0% of workers work from home.
What is the unemployment rate in Summit?
The unemployment rate in Summit is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Summit?
9% of adults in Summit have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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