Mount Summit, Indiana.
Typical home $173,920 (+3.6% in a year). New Castle, IN metro.
to buy the typical home at today's mortgage rate — +$538 (+144%) since Jan 2020.
- 1 year
- Up $5,965 +4%
- $167,955$173,920 since Sep 2025
- 5 years
- Up $46,550 +37%
- $127,370$173,920 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Mount Summit$913
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Mount Summit, IN rose 3.6% over the past year — faster than the nation's +1.2%.
Living in Mount Summit, Henry County, Indiana
Mount Summit is a town of 342 people in Henry County. 89% of its homes are lived in by their owners and 11% are rented. Unemployment in Henry County was 3.3% in August 2026, and the county had 1.5% more jobs in 2025 than the year before. The most people in Henry County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Mount Summit is a very small town, with far fewer people than most places, and nearly everyone who lives there owns their home. Fewer households are living below the poverty line than you might expect, and typical home values are modest. Winters are cold, with the coldest days in January, and a fair amount of snow falls each year; summers are warm, with July the warmest month, and rain and melted snow add up to a good deal over the year.
Work. People in Mount Summit work mostly in schools, hospitals and social care, in manufacturing, in shops, and in professional and business services. Across Henry County, the largest workplaces include Boar's Head in New Castle, Henry County Memorial Hospital and Crown Equipment. Commutes run fairly long, and some residents work from home.
Things to do. Summit Lake State Park is a protected area a short drive away, and Mount Lawn Speedway, a race track, is also close by. For a longer outing, Mounds State Park is another protected area, and Minnetrista is a botanical garden, both a longer drive away.
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- 5%below the poverty line
- 28 mintypical commute
- 11%work from home
What people in Henry County work in
Employed residents by industry, from the Census survey. Henry County had 13,967 jobs in 2025, 1.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 34° and lows near 17°; warmest in July, with highs near 83° and lows near 61°. About 25 inches of snow and 44 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the New Castle Southwest weather station, 8 miles away (NOAA).
Largest workplaces in Henry County
- Boar's Head - New CastleProcessed meats manufacturing940
- TS Tech Indiana606
- New Castle Community School CorpSchool district574FTE
- Henry County Memorial HospitalGeneral hospital462FTE
- Crown Equipment New Castle, IndianaForklifts manufacturing397
- WalmartWarehouse clubs and supercenters351
- Shenandoah School CorporationSchool district150FTE
- C A Beard Memorial School CorpSchool district147FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 37 workplaces with 20 or more staff, 3,678 people in all across the county; Mount Summit has none of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesRelatively high
- HailRelatively moderate
- Strong windRelatively moderate
- Winter weatherRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Mount Summit’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Henry County and the New Castle, IN metro.
Mount Summit home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Mount Summit$173,920
- Indiana$257,165
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Zip codes with a Mount Summit address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Mount Summit — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.