What is the median home value in Summit Township (Erie County), PA?
The median value of owner-occupied homes in Summit Township (Erie County), PA is $245,000 (±$32,933), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Summit Township (Erie County), the median home value went from $181,300 in 2015–2019 to $245,000 in 2020–2024 (+35.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median home value
- $245,000 (±$32,933)
- Owner-occupied homes
- 2,687 (±270)
- Most common range
- $300,000 to $499,999
Home values in Summit Township (Erie County)
| Value | Summit Township (Erie County) | Erie County | Pennsylvania | United States |
|---|---|---|---|---|
| Less than $50,000 | 18.3% (±8.2 points) | 8.2% | 5.5% | 5.3% |
| $50,000 to $99,999 | 10.3% (±5.0 points) | 14.5% | 8.4% | 6.1% |
| $100,000 to $149,999 | 4.1% (±3.4 points) | 16.2% | 9.6% | 6.8% |
| $150,000 to $199,999 | 8.4% (±3.8 points) | 17.9% | 12.8% | 9.0% |
| $200,000 to $299,999 | 24.2% (±6.8 points) | 22.9% | 22.9% | 17.8% |
| $300,000 to $499,999 | 32.6% (±7.9 points) | 15.6% | 25.9% | 26.9% |
| $500,000 to $999,999 | 2.0% (±1.9 points) | 4.0% | 12.8% | 20.9% |
| $1,000,000 or more | 0.0% (±1.2 points) | 0.6% | 2.1% | 7.1% |
The most common range is $300,000 to $499,999, 32.6% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Summit Township (Erie County) against Erie County, its state and the nation
| Summit Township (Erie County) | Erie County | Pennsylvania | United States | |
|---|---|---|---|---|
| Median home value | $245,000 (±$32,933) | $177,000 (±$4,034) | $254,500 (±$767) | $332,700 |
| Owner-occupied homes | 2,687 (±270) | 75,276 (±1,141) | 3,656,971 (±15,249) | 84,210,142 |
In Summit Township (Erie County), the median home value is higher than in Erie County ($177,000).
It is not measurably different from Pennsylvania ($254,500).
It is lower than the national figure ($332,700).
In Erie County, Summit Township (Erie County) ranks 4 of 38 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 745 of 2,541.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Summit Township (Erie County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $181,300 (±$12,839) | $245,000 (±$32,933) | +35.1% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,621 (±$170) | $1,600 (±$149) | −1.3% | Down after inflation |
| Median real estate taxes | $2,493 (±$296) | $2,683 (±$424) | +7.6% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Summit Township (Erie County)
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Summit Township (Erie County) | — | $245,000 (±$32,933) | — |
| Millcreek Township (Erie County) | 4.5 mi | $230,600 (±$6,116) | Not measurably different |
| Erie | 5.1 mi | $115,200 (±$4,017) | Lower |
| Greene Township (Erie County) | 5.2 mi | $227,700 (±$17,834) | Not measurably different |
| McKean Township | 5.3 mi | $241,600 (±$17,550) | Not measurably different |
| McKean | 5.6 mi | $208,800 (±$22,045) | Not measurably different |
| Wesleyville | 6.7 mi | $108,600 (±$8,376) | Lower |
| Waterford Township | 6.8 mi | $198,000 (±$52,638) | Not measurably different |
| Lawrence Park | 7.5 mi | $138,800 (±$34,932) | Lower |
Nearby places with a measurably lower figure: Erie, PA ($115,200), Wesleyville, PA ($108,600), Lawrence Park, PA ($138,800).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Erie County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 1 | Fairview Township (Erie County) | $295,200 (±$22,857) |
| 2 | Washington Township (Erie County) | $284,600 (±$42,566) |
| 3 | Franklin Township (Erie County) | $277,700 (±$29,408) |
| 4 | Summit Township (Erie County) | $245,000 (±$32,933) |
| 5 | McKean Township | $241,600 (±$17,550) |
| 6 | Harborcreek Township | $237,000 (±$16,381) |
| 7 | Millcreek Township (Erie County) | $230,600 (±$6,116) |
| 8 | Elk Creek Township | $230,500 (±$25,760) |
| 9 | Greene Township (Erie County) | $227,700 (±$17,834) |
| 10 | Edinboro | $222,700 (±$12,478) |
Showing 10 of 38 places in Erie County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Summit Township (Erie County)
What is the average home value in Summit Township (Erie County), PA?
The Census Bureau publishes the median: $245,000 (±$32,933) for owner-occupied homes in Summit Township (Erie County) (2020–2024 American Community Survey).
Have home values in Summit Township (Erie County) gone up?
In Summit Township (Erie County), the median home value went from $181,300 in 2015–2019 to $245,000 in 2020–2024 (+35.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Is this what homes in Summit Township (Erie County) sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Summit township, Erie County, Pennsylvania
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Summit township, Erie County, Pennsylvania
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Summit township, Erie County, Pennsylvania
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Summit township, Erie County, Pennsylvania
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Summit township, Erie County, Pennsylvania (county subdivision:75208, in state:42 county:049).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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- Housing data for every place in Pennsylvania