What is the median home value in Silver Summit, UT?
The median value of owner-occupied homes in Silver Summit, UT is $2,000,000 or more, as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
Figures last updated on .
- Median home value
- $2,000,000 or more
- Owner-occupied homes
- 498 (±97)
- Most common range
- $1,000,000 or more
Home values in Silver Summit
| Value | Silver Summit | Summit County | Utah | United States |
|---|---|---|---|---|
| Less than $50,000 | 0.0% (±7.2 points) | 0.9% | 2.8% | 5.3% |
| $50,000 to $99,999 | 0.0% (±7.2 points) | 0.6% | 1.8% | 6.1% |
| $100,000 to $149,999 | 0.0% (±7.2 points) | 0.6% | 1.2% | 6.8% |
| $150,000 to $199,999 | 0.0% (±7.2 points) | 0.7% | 1.8% | 9.0% |
| $200,000 to $299,999 | 0.0% (±7.2 points) | 3.9% | 7.9% | 17.8% |
| $300,000 to $499,999 | 0.0% (±7.2 points) | 10.7% | 36.7% | 26.9% |
| $500,000 to $999,999 | 8.0% (±6.4 points) | 29.0% | 40.3% | 20.9% |
| $1,000,000 or more | 92.0% (±6.4 points) | 53.6% | 7.5% | 7.1% |
The most common range is $1,000,000 or more, 92.0% 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.
Silver Summit against Summit County, its state and the nation
| Silver Summit | Summit County | Utah | United States | |
|---|---|---|---|---|
| Median home value | $2,000,000 or more | $1,067,700 (±$52,708) | $489,400 (±$1,629) | $332,700 |
| Owner-occupied homes | 498 (±97) | 12,621 (±436) | 790,144 (±5,369) | 84,210,142 |
In Summit County, Silver Summit ranks 1 of 10 places with a published estimate, from highest to lowest median home value.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Silver Summit have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $3,633 (±$353) | $7,408 (±$1,502) | +103.9% | Up 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 Silver Summit
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Silver Summit | — | $2,000,000 or more | — |
| East Basin | 2.5 mi | $1,305,600 (±$289,538) | — |
| Snyderville | 3.5 mi | $1,104,200 (±$114,928) | — |
| Summit Park | 3.9 mi | $1,146,800 (±$52,366) | — |
| Park City | 6.4 mi | $1,757,800 (±$249,212) | — |
| Hideout | 9.1 mi | $1,149,600 (±$258,775) | — |
| Brighton | 11 mi | $887,900 (±$81,246) | — |
| Coalville | 12 mi | $462,200 (±$106,444) | — |
| Emigration Canyon metro Township | 12 mi | $1,065,500 (±$113,186) | — |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Summit County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 1 | Silver Summit | $2,000,000 or more |
| 2 | Park City | $1,757,800 (±$249,212) |
| 3 | East Basin | $1,305,600 (±$289,538) |
| 4 | Summit Park | $1,146,800 (±$52,366) |
| 5 | Snyderville | $1,104,200 (±$114,928) |
| 6 | Francis | $792,700 (±$95,832) |
| 7 | Oakley | $673,500 (±$122,725) |
Showing 7 of 10 places in Summit County, ranked from highest to lowest.
Silver Summit is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
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 Silver Summit
What is the average home value in Silver Summit, UT?
The Census Bureau publishes the median: $2,000,000 or more for owner-occupied homes in Silver Summit (2020–2024 American Community Survey).
Is this what homes in Silver Summit 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 — Silver Summit CDP, Utah
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Silver Summit CDP, Utah
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Silver Summit CDP, Utah
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Silver Summit CDP, Utah
- 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 Silver Summit CDP, Utah (place:69280, in state:49).
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 .
Related
- Housing in Silver Summit at a glance
- Income and affordability in Silver Summit
- Homeowner costs in Silver Summit
- Property taxes in Silver Summit
- Types of homes in Silver Summit
- Heating fuel in Silver Summit
- Commute and cars in Silver Summit
- Population growth in Silver Summit
- Utah landlord and tenant rules
- Housing across Summit County
- Utah places ranked by median home value
- Housing data for every place in Utah