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Lake Summerset, IL Real Estate


According to census data in the year 2000 there were 1,068 housing units in Lake Summerset. This represents a 59.6% growth from 669 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 1,068 were located in what is classified as a rural area.

Homeownership rate in Lake Summerset is about 97%. Lake Summerset's vacancy rate, including seasonal lodging, is about 22.5%. Average household size is 2.54 people.

The majority of houses, apartments or condos in Lake Summerset were built after 1987.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0.60%
Two Bedrooms19.80%
Three Bedrooms61.90%
Four Bedrooms17.10%
Five Bedrooms or more0.70%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.53
Median year structure was built1987
Median Value of occupied units$122,800
Median Price asked for vacant units$206,300

Rented Homes, Apartments and Condos

Average Household Size2.88
Median year structure was built1992

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.90%
Second Mortgage5.70%
Home Equity Loan8%
Simple Mortgage51.20%
Debt Free34.30%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs17.2%