Summit is located in Iron, Utah, with an estimated municipal population of 228 residents. All of the best foreclosed homes for sale in Summit are located in the following zip code areas on Foreclosure.com: 84772. The estimated population per square kilometer (.62 miles) in Summit is 129.
So, about how much do homes cost in Summit? The most recent median value of resident-owned homes in Summit is 271,032. An estimated 58.2 percent of households in Summit own their homes, with an average family size of 2.92. The median household income in Summit is 35,179, with16.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Summit, the median commute time of resident workers (in minutes) is 16.5.
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, 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 is 54.8, split between 52.2 percent male versus 47.8 female. The percentage of residents who report being married in Summit is 62.4, with an average family size of 2.92.
The percentage of residents who report their race in Summit is as follows:
White | 100% |
Black / African American | 0% |
Asian | 0% |
American Indian / Alaskan Native | 0% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 0% |
Other | 0% |
Looking for family-friendly neighborhoods in and/or near Summit? Or maybe you are searching for 55+ active adult communities in and/or near Summit?
The percentage of residents who report their age in Summit is as follows:
Under 10 | 3.1% |
Aged 10-19 | 18.4% |
20s | 5.3% |
30s | 4.4% |
40s | 11% |
50s | 23.7% |
60s | 3.9% |
70s | 15.8% |
80+ | 14.5% |
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 with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Summit.
How do you know that living in -- or moving to -- Summit is right where you need to be? Perhaps you grew up in Summit or already live nearby; therefore, the decision to buy a home in Summit is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Summit 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:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Summit.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Summit can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Summit, meanwhile, can field multiple offers from more qualified buyers.
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