The typical owner-occupied home in Summit Hill is worth about $99,700, 61% below the Pennsylvania median of $254,500 and 70% below the national median of $332,700. Owners pay a median $2,051 a year in property taxes, about 2.06% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $65,268 a year, so the median home costs 1.5 times the median income (3.3 times for Pennsylvania). 81% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Summit Hill at a glance
| Summit Hill | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $99,700 | $254,500 | $332,700 |
| Median property tax paid per year | $2,051 | $3,311 | $3,119 |
| Property tax as a share of value | 2.06% | 1.30% | 0.94% |
| Median household income | $65,268 | $77,971 | $80,734 |
| Homes lived in by their owners | 81% | 69% | 65% |
| Owner homes with a mortgage | 53% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,273 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 18.4% | 19.4% | 21.0% |
| Median rent | $1,279 | $1,209 | $1,413 |
| Rent as a share of renters' income | 18.6% | 29.2% | 30.6% |
| Median year homes were built | 1938 | 1965 | 1980 |
| Vacant homes | 6.6% | 9.2% | 10.1% |
| Population | 3,137 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Summit Hill
At this week's average 30-year rate of 7.11%, buying the median Summit Hill home of $99,700 with 20% down costs about $749 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $915, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $32,110 for the 20%-down payment. That payment is 14% of the median Summit Hill household income of $65,268; at that income and 20% down, the 28% guideline points to a home of about $203,000.
The median rent here is $1,279 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,940 |
|---|---|
| Loan amount | $79,760 |
| Principal and interest | $537 |
| Property taxes (2.06% a year) | $171 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| PMI | $0 |
| Total per month | $749 |
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| Down payment | $3,490 |
|---|---|
| Loan amount | $97,894 |
| Principal and interest | $659 |
| Property taxes (2.06% a year) | $171 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| FHA mortgage insurance | $44 |
| Total per month | $915 |
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Questions about home buying in Summit Hill
What is the median home value in Summit Hill?
About $99,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Summit Hill?
Homeowners pay a median $2,051 a year, which is about 2.06% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Summit Hill?
For the median home with 20% down at 7.11%, the payment is about $749 a month. Keeping that under 28% of gross income takes about $32,110 a year.
More about Summit Hill
- Mortgage Refinance in Summit Hill
- Debt Relief in Summit Hill
- Home Equity Loans in Summit Hill
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data