Summit, Washington.
Typical home $577,036 (-0.2% in a year), asking rent $2,151 . Seattle-Tacoma-Bellevue, WA metro.
to buy the typical home at today's mortgage rate — +$1,605 (+113%) since Jan 2020.
- 1 year
- Down $1,267 -0%
- $578,303$577,036 since Sep 2025
- 5 years
- Up $57,696 +11%
- $519,340$577,036 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.
- Summit$3,029
- Washington$3,084
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 33 years.
Typical home values in Summit, WA fell 0.2% over the past year — slower than the nation's +1.2%.
Living in Summit, Pierce County, Washington
Summit, in Pierce County, had 8,270 people in the 2020 census. Half its households earn more than $106,736 a year and half less, against $99,564 across Pierce County; 7% of its people live below the poverty line. 84% of its homes are lived in by their owners and 16% are rented. Unemployment in Pierce County was 5.1% in August 2026, and the county had 1.1% more jobs in 2025 than the year before. The most residents work in schools and health care, then construction.
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 It can be wrong or out of date.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. Summit is a community in Pierce County where most homes are lived in by their owners, and the population is somewhat older than is typical. Household incomes run above the county's, and fewer residents live below the poverty line than in many places. Winters are cool and damp, with December highs well above freezing, nights that dip just below it, and only a little snow. Summers are mild, and the year brings steady rain.
Work. Residents work mainly in schools, hospitals and social care, the building trades, shops, and professional and business services. A smaller share of adults hold a four-year degree, and a typical commute is moderate in length, with some people working from home. Among the largest workplaces in Summit are Evergreen Drywall & Construction, Wilco Farmers and Lineage Logistics.
Things to do. Lake Tapps, a reservoir, is a short drive away, as is the White River for time by the water. Cheney Stadium is also a short drive away for ballgames, and the Museum of Glass is another short drive for an indoor outing. Lumen Field, a stadium, is a longer drive for those who want a bigger event.
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- 3,556households
- 21%of adults have a degree
- 7%below the poverty line
- 26 mintypical commute
- 9%work from home
What residents work in
Employed residents by industry, from the Census survey. Pierce County had 337,071 jobs in 2025, 1.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 45° and lows near 33°; warmest in August, with highs near 76° and lows near 53°. About 6 inches of snow and 45 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Mcmillin Rsvr weather station, 6 miles away (NOAA).
Largest workplaces in Summit
- Evergreen Drywall & ConstructionDrywall contractors43
- Wilco FarmersFarm supply stores41
- Lineage LogisticsCold storage warehouse39
- Total Grounds ManagementLandscape contractors27
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 4 workplaces with 20 or more staff, 150 people in all. 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
- EarthquakesRelatively high
- Heat wavesRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Summit’s census tracts, against the rest of the country; all of them together, relatively moderate. 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 Pierce County and the Seattle-Tacoma-Bellevue, WA metro.
Summit home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Summit$577,036
- Washington$587,533
- United States$366,157
Sellers are cutting prices on about 1 in 3 Summit listings — the market is roughly in balance.
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.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Summit35.07%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Summit33
New listings per month
Sellers arriving at the market.
- Summit11
Zip codes with a Summit address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Summit — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.