Much like other places in this area, it's substantially less expensive compared to the rest of the nation. Compared to the city of Fort Wayne, it is a lot less expensive.
Home prices
Summitville's median home cost is $65,400. This is about $2,420 (3%) lower in comparison to the surrounding areas.In comparison to the United States as a whole it is about $152,100 (69%) lower, and is roughly $49,700 (43%) lower in comparison to the city of Fort Wayne.
Rents
In Summitville the median rent is $623 a month. This is about $68 (9%) lower compared to its nearby areas.Compared to the rest of the country it is approximately $439 (41%) lower, and in comparison to the city of Fort Wayne it is about $141 (18%) lower.
Nearby places
Alexandria
Alexandria is approximately 5 miles south from Summitville. Housing prices there are somewhat more expensive. Alexandria's median home cost is $72,400, which works out to $7,000 (9%) higher than Summitville. Rents there are somewhat more expensive. The median monthly rent in Alexandria is $780, which comes out to $157 (20%) higher than Summitville.
Fairmount
Fairmount is about 5 miles north of Summitville. The real estate prices there are somewhat more expensive. Fairmount's median home cost is $84,300, which comes out to $18,900 (22%) higher than Summitville. The rent there is a little less expensive. Fairmount's median rent is $542 per month, which works out to $81 (14%) lower than Summitville.
Orestes
Orestes is roughly 5 miles southwest of Summitville. The real estate prices there are a little less expensive. The price of the median home in Orestes is $56,800, which works out to $8,600 (15%) lower than Summitville. Rents there are a little more expensive. The median rent in Orestes is $743 a month, which is $120 (16%) higher than Summitville.
Fowlerton
Fowlerton is approximately 5 miles northeast from Summitville. The housing prices there are similar. The median home in Fowlerton costs $67,000, which is $1,600 (2%) higher than Summitville. Rent there is similar. In Fowlerton the median rent is $640 per month, which comes out to $17 (2%) higher than Summitville.
Gaston
Gaston is about 6 miles east of Summitville. Real estate prices there are a little less expensive. Gaston's median home value is $58,600, which works out to $6,800 (11%) lower than Summitville. Rent there is somewhat more expensive. In Gaston the median rent is $750 per month, which comes out to $127 (16%) higher than Summitville.
