Summit village: Median Gross Rent Trend
How Summit village's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$1,354
2023
$1,734
Total change
+$380
% change
+28.1%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,354 | — |
| 2019 | $1,144 | $210 (-15.5%) |
| 2020 | $1,229 | +$85 (7.4%) |
| 2021 | $1,652 | +$423 (34.4%) |
| 2022 | $2,090 | +$438 (26.5%) |
| 2023 | $1,734 | $356 (-17%) |