Summit, IL Housing

Summit, IL is a great place to live if you are looking for housing. The median value of homes in Summit is $212,700, considerably lower than the US median value of $338,100. Additionally, house appreciation over the last year in Summit was 9.58%, higher than the US average of 8.27%. This makes Summit an attractive option for those seeking to invest in real estate or purchase a home. Its relatively low median home values and high appreciation rate make it a great opportunity for those looking to invest or own property in the area.

The median home cost in Summit is $212,700. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Summit is up 14.1%.

Average Age of Homes

- The median age of Summit real estate is 68 years old

The Rental Market in Summit

- Renters make up 40.6% of the Summit population
- 1.6% of houses and apartments in Summit, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Summit, Illinois	United States
	3,741.0	139,647,020.0
	65	42
	$212,700	$338,100
	14.1%	16.6%
	34.5%	57.0%
	59.2%	101.1%
	$20.96	$10.98
	$5,479	$2,690
	51.6%	57.4%
	8.7%	11.2%
	39.7%	31.4%
Vacant Housing
	1.6%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	7.1%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	2.7%	2.4%
	0.0%	2.8%
	1.2%	3.9%
	3.3%	4.5%
	15.0%	11.3%
	34.9%	13.0%
	33.6%	20.1%
	4.4%	13.6%
	1.3%	8.3%
	1.4%	9.7%
	2.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.3%	13.6%
	6.3%	13.6%
	4.4%	13.6%
	1.9%	13.2%
	11.3%	14.8%
	4.4%	13.6%
	20.2%	10.0%
	11.8%	4.7%
	26.4%	12.2%