The housing market in 54485 Summit Lake, WI is thriving. According to the data, the median value of a house in 54485 Summit Lake, WI is $222,100—much lower than the United States median house value of $338,100. However, what really sets this area apart from other locations is its one-year house appreciation rate of 14.05%, which is nearly double the US one-year appreciation rate of 8.27%. This high number indicates that people are actively investing in this area and driving up prices. With such a promising market, 54485 Summit Lake could be an ideal place for potential homeowners looking to invest in a home with strong returns.
The median home cost in Summit Lake (zip 54485) is $222,100. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Summit Lake (zip 54485) is up 17.1%.
Average Age of Homes
- The median age of Summit Lake (zip 54485) real estate is 39 years old
The Rental Market in Summit Lake (zip 54485)
- Renters make up 5.3% of the Summit Lake (zip 54485) population
- 0.0% of houses and apartments in Summit Lake (zip 54485), 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.