Mount Summit, IN
Population 742 · Indiana
About Mount Summit, IN
Mount Summit is a small community located in Indiana with a population of 742 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 58 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Mount Summit features a median home value of $211,000, which is 14% below the national median of $244,900. This positions Mount Summit in a moderately priced market relative to the rest of the country. Median monthly rent is $906, 22% below the national average of $1,163/month. Of the 397 total housing units, 89% are owner-occupied (350 units) and 11% are renter-occupied (43 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Mount Summit shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Mount Summit have an average one-way commute time of 28.4 minutes.
Education & Demographics
18.5% of Mount 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 1.5% White, 0.0% 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 Mount Summit, IN
Compared to national averages, Mount Summit has a median household income of $0 (100% below the national median of $75,149). Home values average $211,000, which is 14% below the national median. Monthly rent at $906 is 22% below the US average of $1,163. Within Indiana, Mount Summit's income is 100% below the state average of $69,330, and home values are 29% above the state median of $163,409.
Why Live in Mount Summit, IN?
Mount Summit offers affordable housing with a median home value of $211,000, below the US average of $244,900, and rent that’s lower than the national average at $906/month, and a strong job market with an unemployment rate of just 3.3%. Additionally, the city features a low poverty rate of 8.8%, better than the national average.
Potential considerations include median household income ($0) that falls below the national average. However, Mount Summit’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mount Summit has a population of 742 with a median age of 58 years. Compare Mount Summit with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Mount Summit
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pleasant View Village | 741 | $94,395 | $192,100 | Compare |
| Oldenburg | 746 | $77,692 | $254,000 | Compare |
| Royal Center | 747 | $47,422 | $84,100 | Compare |
| Medaryville | 749 | $82,632 | $73,700 | Compare |
| Walton | 734 | $46,176 | $89,200 | Compare |
| Browns Crossing | 731 | $155,467 | $0 | Compare |
| Dugger | 731 | $58,585 | $79,400 | Compare |
| Carthage | 754 | $42,500 | $88,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Mount Summit With Other Cities
Frequently Asked Questions about Mount Summit
What is the population of Mount Summit, IN?
The population of Mount Summit, IN is 742 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Mount Summit?
The median household income in Mount Summit, IN is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Mount Summit?
The median home value in Mount Summit, IN is $211,000, which is 14% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Mount Summit?
The median monthly rent in Mount Summit, IN is $906, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Mount Summit?
The unemployment rate in Mount Summit, IN is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Mount Summit, IN a good place to live?
Mount Summit offers a moderate cost of living, affordable housing, and a strong job market. With a population of 742 and a median age of 58, the city appeals to established professionals and retirees.
How educated is Mount Summit, IN?
18.5% of residents in Mount 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 Mount Summit?
Key cost-of-living indicators for Mount Summit, IN: median home value is $211,000 (14% below national), median rent is $906/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Mount Summit?
The poverty rate in Mount Summit, IN is 8.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Mount Summit, IN?
Mount Summit's population is 1.5% White, 0.0% 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.