Market Overview
Home Prices in Mount Summit, IN
The median home value in Mount Summit, IN is $175,118 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and up 8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mount Summit are priced57% below average. Mount Summit is part of the New Castle, IN metro area.
Over the past five years, Mount Summit home values have risen by approximately35.3%, reflecting strong long-term appreciation in this market.
Price History
Mount Summit Home Price Trend
City Comparison
Mount Summit vs. National Median
At $175,118, homes in Mount Summit cost 57% below the national median of $410,000. This makes Mount Summit a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mount Summit?
20% Down Payment
$35,024
on $175,118
Monthly P&I
$913/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,160/mo
incl. taxes & insurance
Income Needed
$46,400
gross annual (30% rule)
10% Down Option
$17,512
+ PMI applies
Loan Amount (20% dn)
$140,094
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Mount Summit, IN?
The median home value in Mount Summit is $175,118 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Mount Summit?
Over the past year, home values in Mount Summit have increased by 0.6%. Over five years, prices have risen approximately 35.3%.
How much do I need to earn to buy a home in Mount Summit?
To comfortably afford the median home price of $175,118 with a 20% down payment ($35,024) at today's rates (6.8%), you'd need a gross annual income of approximately $46,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Mount Summit compare to the national average home price?
The national median home value is approximately $410,000. At $175,118, homes in Mount Summit are 57% below the national average.
What metro area is Mount Summit part of?
Mount Summit is part of the New Castle, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.