Why Live in Summitville
Summitville, a quaint commuter town in Madison County, is known for its small-town charm and rural atmosphere. Positioned as the highest elevation point between Indianapolis and Fort Wayne, it serves as a bedroom community for those commuting to larger cities. The town is within a 30-minute drive of Muncie, Anderson, and Marion, offering a lower cost of living and a peaceful environment. Summitville's housing features a mix of National Folk-style homes from the late 19th and early 20th centuries and ranch-style homes from the mid-20th century, often with large yards and views of farmland. The town center includes a small park, a library, and several churches, fostering a sense of community. Dining options are limited, with Hoosier Routes offering house-smoked barbecue and Pizza King providing quick takeout. A new Dollar General is anticipated to open in 2025, providing a closer grocery option for residents. Summitville Elementary School plays a central role in the community with events like family game nights. The town is quieter, with infrequent train activity, and is located near major highways, making it convenient for commuters traveling to Fort Wayne or Indianapolis, each about 70 miles away.
Frequently Asked Questions
What is the average home price in Summitville, IN?
Homes for sale in Summitville, IN have an average home price of $199,812.
How many homes have sold over the last 12 months in Summitville, IN?
26 homes have sold in Summitville, IN over the last 12 months.
What are the most popular zip codes in Summitville, IN?
How much do you need to make to afford a house in Summitville?
The median home price in Summitville is $189,900. If you put a 20% down payment of $38,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $990 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $42K a year to afford the median home price in Summitville.
How are the schools in Summitville, IN?
Home Trends in Summitville, IN
On average, homes in Summitville, IN sell after 53 days on the market compared to the national average of 50 days. The median sale price for homes in Summitville, IN over the last 12 months is $183,500, up 22% from the median home sale price over the previous 12 months.
Median Sale Price
$183,500
Median Single Family Sale Price
$165,000
Average Price Per Sq Ft
$95
Number of Homes for Sale
5
Last 12 months Home Sales
26
Median List Price
$189,900
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
22%