Median home value is about $241,100 — about 31% below the U.S. median home value ($348,079).
Housing tenure and rents show owner-occupancy near 55.8% (about 9.6 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 84772 in Summit, UT, a household would need roughly $66,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,549. That sits below the local median household income ($100,592), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.