Summit, AR
Population 639 · Arkansas
About Summit, AR
Summit is a small community located in Arkansas with a population of 639 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,281 per year, which is 16% below the national median of $75,149. The median age of 32.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Summit features a median home value of $133,800, which is 45% below the national median of $244,900. This makes Summit one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $691, 41% below the national average of $1,163/month. Of the 259 total housing units, 60% are owner-occupied (121 units) and 40% are renter-occupied (80 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Summit shows an unemployment rate of 6.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 23.8%, above the national average of 12.4%. Workers in Summit have an average one-way commute time of 15.8 minutes, one of the shorter commutes in the region.
Education & Demographics
9.1% of Summit residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 2.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Summit, AR
Compared to national averages, Summit has a median household income of $63,281 (16% below the national median of $75,149). Home values average $133,800, which is 45% below the national median. Monthly rent at $691 is 41% below the US average of $1,163. Within Arkansas, Summit's income is 21% above the state average of $52,241, and home values are 7% above the state median of $125,457.
Why Live in Summit, AR?
Summit offers affordable housing with a median home value of $133,800, below the US average of $244,900, and rent that’s lower than the national average at $691/month, and short commute times averaging just 15.8 minutes.
Potential considerations include median household income ($63,281) that falls below the national average. However, Summit’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Summit has a population of 639 with a median age of 32.4 years. Compare Summit with other cities to see how it stacks up, or explore all cities in Arkansas.
Similar Cities Near Summit
Cities in Arkansas with a similar population size.
Demographics
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Economy & Education
Housing
Other Cities in Arkansas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Summit
What is the population of Summit, AR?
The population of Summit, AR is 639 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Arkansas.
What is the median household income in Summit?
The median household income in Summit, AR is $63,281 per year, which is 16% below the national median of $75,149.
What is the median home value in Summit?
The median home value in Summit, AR is $133,800, which is 45% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Summit?
The median monthly rent in Summit, AR is $691, which is 41% below the national average of $1,163/month.
What is the unemployment rate in Summit?
The unemployment rate in Summit, AR is 6.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Summit, AR a good place to live?
Summit offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 639 and a median age of 32.4, the city appeals to young professionals and families.
How educated is Summit, AR?
9.1% of residents in Summit aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Summit?
Key cost-of-living indicators for Summit, AR: median home value is $133,800 (45% below national), median rent is $691/month, and median household income is $63,281. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Summit?
The poverty rate in Summit, AR is 23.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Summit, AR?
Summit's population is 0.0% White, 2.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.