Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$227,458+3.6% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$49,308About 0.7× the local median income ($70,449): affordable for a typical household
Days on market39 daysAbout the same pace as a year ago
Next 12 months+3.6%Zillow expects prices to rise slightly
The typical home in Summit County, OH is worth $227,458, up 3.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $190,936, so the area is 19.1% overvalued. It is a balanced market, leaning toward buyers: homes take about 39 days to sell, listings are up 11% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 3.6% over the next year. A household needs about $49,308 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,449. Typical rent is $1,270 a month, or $1,416 for a house. In the latest IRS figures, 250 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$227,458
Change in 1 year
+3.6%
Overvalued %
+19.1%
Show 7 more
Fair home value
$190,936
Change in 5 years
+30.4%
Zillow forecast, next 12 months
+3.6%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,233
Income needed to afford it
$49,308
Property tax rate
1.53%
Rent and investing
Typical rent
$1,270
Typical rent for houses
$1,416
Price-to-rent ratio
14.9×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,231
Gross rental yield
6.70%
Cap rate (estimate)
4.36%
Market activity
Listings vs a year ago
+11.3%
Days on market
39
Listings with a price cut
21.4%
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Homes for sale
1,087
Pending sales per 100 listings
60
Asking price per sq ft
$139
People and jobs
Median household income
$70,449
Population change (1 year)
+0.3%
Unemployment rate
5.1%
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Population
538,376
Income adjusted for cost of living
$75,427
Net moves in (IRS)
−250
Cost of living (US = 100)
93.4
Schools, risk and environment
School rating (1 to 10)
5.7
FEMA hazard risk score (0 to 100)
91.2
Unhealthy air days a year
3
Show 4 more
Flood risk score
94.0
Wildfire risk score
53.2
Walkability (1 to 20)
7.5
Road, rail and air noise
54 dB
Questions people ask
Is Summit County, OH overvalued?
Home prices in Summit County, OH are well above what local incomes have historically supported: fair value is about $190,936, so the area is 19.1% overvalued.
Is Summit County, OH a buyer's or seller's market?
Summit County, OH is a balanced market, leaning toward buyers: homes take about 39 days to sell, listings are up 11% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Summit County, OH?
Home values in Summit County, OH are up 3.6% over the last year. Zillow's forecast for the next 12 months is +3.6%.
How much do you need to earn to buy a home in Summit County, OH?
A household needs about $49,308 a year to afford the typical home in Summit County, OH at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,449.