Market Summary

Summit, Pierce County, WA

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Median Home Price Price

$569,216 $569.2K

Median Monthly Rent Rent

$2,222 $2.2K

GRM

21.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Pierce County

Region Price Rent GRM Display
$570,527 $2,225 21.0x
$522,316 $2,226 19.0x
$502,264 $2,004 21.0x
$471,786 $2,244 17.0x
$554,993 $2,276 20.0x
$584,473 $2,165 22.0x
$515,174 $2,223 19.0x
$658,499 $2,187 25.0x
$545,710 $2,206 21.0x
$615,381 $2,123 24.0x
$604,450 $2,232 22.0x
$478,278 $1,919 21.0x
$577,827 $2,320 21.0x
$496,536 $2,189 19.0x
$637,886 $2,082 25.0x
$716,153 $2,246 26.0x
$455,553 $2,229 17.0x
$550,262 $2,610 18.0x

Home prices

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Monthly rent

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GRM

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Similar markets within WA outside of Pierce County

Region Price Rent GRM Display
$644,896 $2,242 24.0x
$498,454 $2,038 20.0x
$579,697 $2,118 23.0x
$474,179 $1,917 21.0x
$592,391 $2,432 20.0x
$594,518 $1,846 27.0x
$494,235 $2,007 20.0x
$521,409 $2,241 19.0x
$568,857 $2,233 21.0x
$495,089 $1,833 22.0x
$526,180 $1,980 22.0x
$521,464 $2,050 21.0x
$512,913 $1,974 22.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of WA

Region Price Rent GRM Display
$829,229 $2,264 30.0x
$548,783 $2,305 20.0x
$555,481 $2,118 22.0x
$614,910 $2,092 24.0x

Home prices

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Monthly rent

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GRM

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Summit

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Trend Insights

Median Rent in Summit, WA is $2,222, with MoM change +$15 and YoY change +$77 pointing to positive momentum while volatility is low (std $16).

Benchmark Markets Side by Side

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Metric
Base market Summit, WA
Compare market Select a market
Delta vs base
Median rent
$2,222
N/A
Median price
$569,216
N/A
YoY change
+$77
N/A
Price-to-rent
21.3x
Data unavailable
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