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City · 8,537 residents · Summit County, Utah

Summit Park , Utah

In Summit Park, a typical home is worth $1,146,800 and typical rent is $2,257 a month. Compared with all of Summit County, typical household income is 35% higher and typical rent is 14% higher.

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  • Typical home value

    $1,146,800

    7% above the county

    134% above Utah

    • Summit Park
    • Summit
    • Utah

  • Typical rent

    $2,257a month

    14% above the county

    51% above Utah

    • Summit Park
    • Summit
    • Utah

  • Typical household income

    $185,900a year

    35% above the county

    95% above Utah

    • Summit Park
    • Summit
    • Utah

  • Households that own their home

    84%

    4 points above the county

    14 points above Utah

    • Summit Park
    • Summit
    • Utah

Source: U.S. Census Bureau, Average 2020–2024

Summit Park is in Summit County. The FHA loan limit ($1,163,800 for a one-unit home), the fair market rents and the help on this page are those of all of Summit County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Summit Park apart

What this place has that others do not, from public data, most unusual first.

  1. Summit Park has the 2nd highest typical household income of the 97 cities in Utah with more than 5,000 people ($185,900).

  2. Summit Park has the 2nd highest typical home value of the 97 cities in Utah with more than 5,000 people ($1,146,800).

  3. Nearby, in Millcreek, the typical home value is $627,200: 45% less than in Summit Park ($1,146,800).

  4. Nearby, in Millcreek, the typical rent is $1,492: 34% less than in Summit Park ($2,257).

  5. Summit Park has the 5th highest typical rent of the 96 cities in Utah with more than 5,000 people ($2,257).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Summit Park

What homes there are in Summit Park, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Summit Park, 7 in 10 homes are single-family detached houses; in Summit County, 6.

Year built

By age, homes in Summit Park look like those in Summit County: the typical year built is 1995.

There is more room for a big family here: 89% of homes have 3 bedrooms or more, against 71% in Summit County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$3,193 a month

Summit County: $2,882 a month

Without a mortgage

$890 a month

Summit County: $831 a month

Owners with a mortgage

71%

Summit County: 66%

Owning costs more in Summit Park: with a mortgage, the typical cost is $3,193 a month; in Summit County, $2,882. Without one, $890.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The boundaries of Summit Park changed since 2015–2019, so the Census does not compare its figures from then and now. In Summit County, the typical home value rose 66%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSummit ParkSummit CountyUtahUnited States
Rental vacancy Unreliable estimate23.4%5.5%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.6%0.9%
More than one person per room Unreliable estimate2.3%3.1%3.4%
People per household 2.882.722.972.53
Drive alone 65%63%67%69%
Carpool 8%8%10%9%
Public transit Unreliable estimate2%2%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 24%25%18%15%
Other means Unreliable estimate2%1%2%
Typical commute Unreliable estimateUnreliable estimateUnreliable estimate20 to 29 minutes

On average, a household in Summit Park has 2.88 people, more than in Summit County (2.72).

In Summit Park, 65% of workers drive alone to work; in Summit County, 63%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Summit Park?

A typical home costs more than the typical income allows

We start with a typical home in Summit Park, worth $1,146,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 59% of the typical household income in Summit Park, which is $185,900 a year. For that payment to be 28% of income, a household would need to earn about $392,194 a year.

The calculator's FHA and conventional loan limits are those of all of Summit County.

Your numbers

Local data
$

Starts at the typical home value in Summit Park. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $40,138 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$9,151

at 7.18% · 30 years

Loan amount
$1,126,029
Total interest
$1,620,091
Paid off in
November 2056

Includes $19,367 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $4,338 a month

  • Tight

    $4,338 to $5,577 a month

  • Hard

    more than $5,577 a month

    Your payment · 59%

Compared with the typical household income in Summit Park ($185,900 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$9,151
Principal & interest$7,628
Property tax$354
Home insurance$478
FHA mortgage insurance (MIP)$692

You need at least $40,138 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Summit Park and Summit County

Summit Park is in Summit County, Utah. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Summit Park's own numbers

Typical home value
$1,146,800
Typical monthly rent
$2,257
Typical yearly household income
$185,900
Households that own their home
84%
Effective property tax rate
0.37%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Summit County

FHA limit, one-unit home
$1,163,800
Conventional limit, one unit
$1,150,000
HUD fair market rent, 2 bedrooms
$2,153
Price change over 5 years (FHFA)
+60%
Homes in a high flood-risk zone
2.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Summit County.

Everything about Summit County

Buying

Buying a home in Summit Park

A typical home in Summit Park is worth $1,146,800: 7% above the county and 134% above Utah. With the typical household income in Summit Park ($185,900 a year), a typical home costs 6.2 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Summit Park 6.2 years
  • Summit 7.7 years
  • Utah 5.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Summit County

According to FHFA’s house price index, home prices in Summit County rose 123% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Summit County.

Period County Utah U.S.
Last year (2025) +2.2% +2.4% +2.9%
5 years (2020–2025) +60% +53% +47%
10 years (2015–2025) +123% +121% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Summit Park next to Summit County, Utah and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Summit Park $1,146,800
  • Summit $1,067,700
  • Utah $489,400
  • United States $332,700
Typical monthly rent
  • Summit Park $2,257
  • Summit $1,987
  • Utah $1,496
  • United States $1,413
Typical yearly household income
  • Summit Park $185,900
  • Summit $138,114
  • Utah $95,166
  • United States $80,734
See the full table
Summit Park next to Summit County and Utah
Measure Summit Park Summit County Utah U.S.
Typical home value $1,146,800 $1,067,700 $489,400 $332,700
Typical monthly rent $2,257 $1,987 $1,496 $1,413
Typical yearly household income $185,900 $138,114 $95,166 $80,734
Households that own their home 84% 80% 70% 65%
Typical yearly property tax $4,204 $3,701 $2,525 $3,119
Effective property tax rate 0.37% 0.35% 0.52% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Summit County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Summit Park

For a typical $1,146,800 home in Summit Park, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Summit Park's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $9,151a month

    Least cash to close
    Down payment
    $40,138
    Cash to close
    $74,542
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $692

  • Conventional, 5% down $8,757a month

    Down payment
    $57,340
    Cash to close
    $91,744
    Rate
    7.18%
    Mortgage insurance
    PMI · $545

  • Conventional, 20% down, no PMI $7,046a month

    Down payment
    $229,360
    Cash to close
    $263,764
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $8,107a month

    Down payment
    $172,020
    Cash to close
    $206,424
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Summit Park and for Summit County.

Property tax

Effective rate in Summit Park

0.37%of the home’s value each year

$4,204 a year for the typical owner in Summit Park.

  • Summit Park 0.37%
  • Summit 0.35%
  • Utah 0.52%

What Utah publishes Primary residential exemption (45 percent of value) (Utah State Legislature (Utah Code))

Exemptions and deadlines in Utah

Flood risk in Summit County

FEMA does not publish these numbers by city: they are for all of Summit County.

Homes in the high-risk zone
2.9%
672
Of those, with NFIP insurance
8.9%
County Utah U.S.
Homes in the high-risk zone 2.9% 0.8% 3.5%
Of those, with NFIP insurance 8.9% 16% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Summit Park

Typical rent in Summit Park is $2,257 a month: 14% above the county.

HUD publishes a fair market rent for all of Summit County, by unit size. To pay the 2-bedroom one ($2,153 a month) without spending more than 30% of your income, you would need to earn $41.40 an hour working full time.

HUD fair market rent for all of Summit County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,851 $35.60 $74,040
1 bedroom $1,899 $36.52 $75,960
2 bedrooms $2,153 $41.40 $86,120
3 bedrooms $2,890 $55.58 $115,600
4 bedrooms $3,599 $69.21 $143,960

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Summit Park

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Summit Park is in ZIP code 84098.

For 2 bedrooms it is $2,850: $697 more than the fair market rent for Summit County ($2,153).

  • 84098 $2,850$3,830

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Summit Park when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Summit Park

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Summit County. The nearest ones are below; many serve by phone or online.

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Summit Park

No down payment, repair or rent-help program on our list is for Summit Park or Summit County. The ones below are statewide in Utah: they work in Summit Park the same as in the rest of the state.

Which programs do I qualify for? All programs in Utah

  • Utah Housing Down Payment Assistance Second Mortgage

    Statewide in Utah

    Utah state agency second mortgage for the down payment or closing costs alongside its first mortgage: up to 6% of the loan with monthly payments, or up to 3.5% at 3.5% with deferred interest and no payments; capped at $27,500. Offered by Utah Housing Corporation (UHC).

    RepayableDeferred

    See the program Official page

  • First-time Homebuyer Assistance Program

    Statewide in Utah

    Utah state loan, run by Utah Housing, of up to $20,000 with no interest or monthly payments for the down payment, closing costs or a lower rate; only for first-time buyers of a newly built home with a Utah Housing mortgage. Offered by Utah Housing Corporation (UHC).

    Deferred

    See the program Official page

Housing counselors near Summit Park

The HUD-approved agencies closest to the center of Summit Park, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Development Corporation of Utah

    501 E 1700 S, Salt Lake City · 15 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    801-994-7222x200

  • Utah State University-Salt Lake County Extension

    2001 South State Street, Salt Lake City · 16 miles away

    • Homebuyer education workshops
    (385) 468-4830

  • Neighborworks Mountain Country Home Solutions

    1031 W Center St Ste 302, Orem · 32 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (801) 375-5820

All counseling agencies in Utah

Help in Spanish near Summit Park

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Summit Park

HUD lists no housing authority with an office in Summit County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Utah Source: HUD

Cities

Other cities in Summit County

These cities are also in Summit County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Summit County Housing in Utah

Nearby cities

The cities closest to Summit Park, with the typical home value.

Neighboring counties

If Summit County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Summit Park.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Summit Park

Short answers with the numbers for Summit Park and all of Summit County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Summit Park?

The typical home value in Summit Park is $1,146,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Summit County it is $1,067,700.

How much does it cost to rent in Summit Park?

Typical rent in Summit Park is $2,257 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Summit County is $2,153.

What is the FHA loan limit in Summit Park?

Summit Park uses the FHA limit for all of Summit County (2026): $1,163,800 for a one-unit home and $2,238,150 for a four-unit home.

How much property tax do owners pay in Summit Park?

The typical homeowner in Summit Park pays $4,204 a year, according to the U.S. Census Bureau. That is 0.37% of the home’s value; in Summit County, the rate is 0.35%.

Where can I find free help to buy or rent in Summit Park?

We found no HUD-approved counseling agencies with an office in Summit County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).