Can You Afford a Home in Summit, WA?
A typical home in Summit is worth $592,588, down 0.3% over the past year. That is $20K above the Pierce County typical of $572,113.
Open the calculator for Summit Free, instant, no signup
Assumes housing costs stay at 33% of gross income — the sustainable middle, not the maximum a lender would approve. A typical home in Summit costs $592,588. Rates as of 5 September 2026; they move weekly and your quote will differ.
What each income level buys in Pierce County
Prices below are what keeps housing at 33% of gross income, using Pierce County’s 0.94% effective property tax rate. The Conventional column assumes 20% down; the zero-down columns finance the funding fee into the loan.
| Household income | Conventional | VA | Zero-down CU | FHA |
|---|---|---|---|---|
| $75,000 | $313,000 | $260,000 | $238,000 | $254,000 |
| $100,000 | $429,000 | $356,000 | $326,000 | $348,000 |
| $125,000 | $545,000 | $451,000 | $414,000 | $441,000 |
| $150,000 | $660,000 | $547,000 | $502,000 | $535,000 |
| $200,000 | $891,000 | $739,000 | $679,000 | $723,000 |
How Summit compares to nearby towns
| Town | Typical home | Year over year | Income needed |
|---|---|---|---|
| Milton | $572,843 | -0.2% | $131,000 |
| Puyallup | $573,027 | 0% | $131,000 |
| Summit (this page) | $592,588 | -0.3% | $135,000 |
| Sumner | $597,314 | +0.9% | $136,000 |
| Waller | $597,635 | +0.7% | $136,000 |
| Eatonville | $600,077 | +0.5% | $137,000 |
| Graham | $604,552 | -0.2% | $138,000 |
If Summit is out of reach, Milton, Puyallup sit lower in the same county — same commute shed, same schools district-by-district, less money.
What this does not tell you
These are typical values, not listings. Half the homes in Summit sell for less than $592,588, and condos and townhomes sit well below it. Property tax is a county-wide effective rate, so your parcel will differ. Insurance is a state average. Run your own numbers with your own quote before you take any of this as settled.