Mount Summit, IN

This town of 360 residents needs 11 more housing units over the next five years.

Housing snapshot

Population
360 (2026)
Households
397
Median household income
$71,574 (2026)
Typical home value
$173,343
Owner-occupied
88%
Five-year housing need
11 units

Comparison to other Indiana municipalities

Mount Summit: $71,574 Median income (2026 estimate)
<$34K >$120K
Mount Summit: None jobs to household ratio
<0.06 >2.73
Mount Summit: No permit data
<0% >18.5%
On this page

How affordable is this community?

In Mount Summit, IN, the typical home price of $173,343 is below the Indiana average of $234,139. Mount Summit, IN's median household income of $71,574 comfortably exceeds what is needed to afford the typical home, making this a relatively affordable market.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

Mount Summit, IN has roughly 397 households and a population that has been largely stable in recent years.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

In Mount Summit, IN, attached single-family and 2-4 unit multifamily accounts for 50% of the housing stock. Mount Summit, IN is a strongly owner-occupied community, with 88% of households owning their home.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How does this place compare to similar communities?