Market Overview
Home Prices in Summitville, IN
The median home value in Summitville, IN is $197,406 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Summitville are priced52% below average. Summitville is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Summitville home values have risen by approximately35.0%, reflecting strong long-term appreciation in this market.
Price History
Summitville Home Price Trend
City Comparison
Summitville vs. National Median
At $197,406, homes in Summitville cost 52% below the national median of $410,000. This makes Summitville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Summitville?
20% Down Payment
$39,481
on $197,406
Monthly P&I
$1,030/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,308/mo
incl. taxes & insurance
Income Needed
$52,320
gross annual (30% rule)
10% Down Option
$19,741
+ PMI applies
Loan Amount (20% dn)
$157,925
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 Summitville, IN?
The median home value in Summitville is $197,406 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Summitville?
Over the past year, home values in Summitville have increased by 5.8%. Over five years, prices have risen approximately 35.0%.
How much do I need to earn to buy a home in Summitville?
To comfortably afford the median home price of $197,406 with a 20% down payment ($39,481) at today's rates (6.8%), you'd need a gross annual income of approximately $52,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Summitville compare to the national average home price?
The national median home value is approximately $410,000. At $197,406, homes in Summitville are 52% below the national average.
What metro area is Summitville part of?
Summitville is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.