Home prices
The median home in Summerset is valued at $225,200. This is about $40,280 (21%) higher in comparison to the surrounding areas.In comparison to the country as a whole it is about $7,700 (3%) higher, and it is roughly $40,500 (21%) higher in comparison to the city of Rapid City.
Rents
Summerset's median monthly rent is $1,127. Compared to nearby areas this is about $156 (16%) higher.Compared to the country as a whole it is roughly $65 (6%) higher, and it is about $290 (34%) higher in comparison to the city of Rapid City.
Nearby places
Piedmont
Piedmont is Summerset's neighbor to the northwest. Its real estate prices are substantially less expensive. The median home in Piedmont is valued at $157,900, which works out to $67,300 (42%) lower than Summerset. Rents there are somewhat more expensive. In Piedmont the median rent is $1,293 per month, which is $166 (12%) higher than Summerset.
Blackhawk
Blackhawk is Summerset's neighbor to the south. Its housing prices are somewhat less expensive. The price of the median home in Blackhawk is $179,200, which is $46,000 (25%) lower than Summerset. Rents there are somewhat less expensive. In Blackhawk the median monthly rent is $954, which comes out to $173 (18%) lower than Summerset.
Johnson Siding
Johnson Siding is roughly 7 miles southwest from Summerset. Its housing prices are a bit more expensive. The median home in Johnson Siding is valued at $265,700, which is $40,500 (15%) higher than Summerset. Rent there is a lot less expensive. In Johnson Siding the median monthly rent is $785, which is $342 (43%) lower than Summerset.
Box Elder
Box Elder is about 11 miles southeast of Summerset. The real estate prices there are significantly less expensive. The median home in Box Elder costs $160,700, which comes out to $64,500 (40%) lower than Summerset. Rents there are somewhat less expensive. The median monthly rent in Box Elder is $991, which is $136 (13%) lower than Summerset.
Rapid Valley
Rapid Valley is approximately 12 miles southeast of Summerset. Real estate prices there are a lot less expensive. The cost of the median home in Rapid Valley is $161,100, which is $64,100 (39%) lower than Summerset. Rents there are substantially less expensive. The median monthly rent in Rapid Valley is $834, which works out to $293 (35%) lower than Summerset.
