Market Overview
Home Prices in Summit, MS
The median home value in Summit, MS is $155,086 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.4% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Summit are priced62% below average. Summit is part of the McComb, MS metro area.
Over the past five years, Summit home values have fallen by approximately5.6%, reflecting softening conditions in this market.
Price History
Summit Home Price Trend
2020
$152,294
$152K
—
2021
$164,363
$164K
+7.9%
2022
$172,786
$173K
+5.1%
2023
$173,968
$174K
+0.7%
2024
$152,696
$153K
-12.2%
2025
$154,461
$154K
+1.2%
2026
$155,086
$155K
+0.4%
City Comparison
Summit vs. National Median
🏠 Summit
$155,086
National Median
$410,000
At $155,086, homes in Summit cost 62% below the national median of $410,000. This makes Summit a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Summit?
20% Down Payment
$31,017
on $155,086
Monthly P&I
$809/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,027/mo
incl. taxes & insurance
Income Needed
$41,080
gross annual (30% rule)
10% Down Option
$15,509
+ PMI applies
Loan Amount (20% dn)
$124,069
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 Summit, MS?
The median home value in Summit is $155,086 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.4% year-over-year.
How much have home prices changed in Summit?
Over the past year, home values in Summit have increased by 0.4%. Over five years, prices have fallen approximately 5.6%.
How much do I need to earn to buy a home in Summit?
To comfortably afford the median home price of $155,086 with a 20% down payment ($31,017) at today's rates (6.8%), you'd need a gross annual income of approximately $41,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Summit compare to the national average home price?
The national median home value is approximately $410,000. At $155,086, homes in Summit are 62% below the national average.
What metro area is Summit part of?
Summit is part of the McComb, MS metropolitan area. Home prices and market conditions can vary across the broader metro region.