Lake Summerset, IL is a great place to invest in real estate. The median value of homes here is $186,200 which is much lower than the US median value of $338,100. Despite this disparity, the housing market in Lake Summerset still appreciate nicely at 7.18% over the past year - just a bit lower than the 8.27% appreciation seen across the nation. For those looking for an affordable real estate option with solid return potential, Lake Summerset should be a prime consideration.
The median home cost in Lake Summerset is $186,200. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Lake Summerset is up 14.1%.
Average Age of Homes
- The median age of Lake Summerset real estate is 25 years old
The Rental Market in Lake Summerset
- Renters make up 4.2% of the Lake Summerset population
- 0.0% of houses and apartments in Lake Summerset, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.