Foreclosures in Summit Park, UT

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Home Value Estimator For Summit Park, UT

There are currently 33 real estate properties in Summit Park, UT, with a median automated valuation model (AVM) price of $1,696,826.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Summit Park, UT, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Summit Park, UT, is $2,013,184.00, with the most expensive house in Summit Park, UT, topping out at $5,559,005.00 and the cheapest home in Summit Park, UT, clocking in at $177,992.00. In other words, there’s something for every potential homebuyer or savvy investor in Summit Park, UT!

Rent Prices In Summit Park, UT

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Summit Park, UT, is on a rollercoaster ride. The average rent price in Summit Park, UT, is $4,053.00. Indeed, when looking to rent in Summit Park, UT, you can expect to pay as little as $1,740.00 or as much as $5,500.00, with the average rent median estimated to be $3,960.00. The good news is that finding an affordable and desirable property to rent in Summit Park, UT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Summit Park, UT In 2024

Summit Park is located in Summit, Utah, with an estimated municipal population of 8,118 residents. All of the best foreclosed homes for sale in Summit Park are located in the following zip code areas on 84098. The estimated population per square kilometer (.62 miles) in Summit Park is 198.

Cost Of Living In Summit Park, UT

So, about how much do homes cost in Summit Park? The most recent median value of resident-owned homes in Summit Park is 705,912. An estimated 85.3 percent of households in Summit Park own their homes, with an average family size of 3.01. The median household income in Summit Park is 131,250, with62.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Summit Park, the median commute time of resident workers (in minutes) is 26.8. And last, but certainly not least, are you looking for homes to rent in Summit Park? If so, the average rent price paid by renters in Summit Park is 1,627, according to recent statistics.

Diversity And Demographics In Summit Park, Utah

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Summit Park, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Summit Park is 42, split between 49.1 percent male versus 50.9 female. The percentage of residents who report being married in Summit Park is 62.9, with an average family size of 3.01.

The percentage of residents who report their race in Summit Park is as follows:

White 92.5%
Black / African American 0.1%
Asian 2.5%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.3%
Other 3.5%

Looking for family-friendly neighborhoods in and/or near Summit Park? Or maybe you are searching for 55+ active adult communities in and/or near Summit Park?

The percentage of residents who report their age in Summit Park is as follows:

Under 10 9.6%
Aged 10-19 15.9%
20s 9.2%
30s 12.9%
40s 13.2%
50s 18%
60s 14.3%
70s 4.9%
80+ 2%

Best Schools In Summit Park, Utah

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Summit Park with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Summit Park.

Pros And Cons Of Living In Summit Park, Utah

How do you know that living in -- or moving to -- Summit Park is right where you need to be? Perhaps you grew up in Summit Park or already live nearby; therefore, the decision to buy a home in Summit Park is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Summit Park for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Summit Park:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Summit Park.

Reasons To Move To Summit Park, Utah, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Summit Park can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Summit Park, meanwhile, can field multiple offers from more qualified buyers.

Summit Park, UT Foreclosures


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