Summit, IL Real Estate
According to census data in the year 2000 there were 3,552 housing units in Summit.
This represents a 1.1% growth from 3,514 in 1990.
Of those housing units, 3,552 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Summit is about 52.7%.
Summit's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 3.16 people.
The majority of houses, apartments or condos in Summit were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.60% |
| One Bedroom | 18.20% |
| Two Bedrooms | 37.40% |
| Three Bedrooms | 31.10% |
| Four Bedrooms | 6.30% |
| Five Bedrooms or more | 4.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.4 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $109,200 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.89 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $532 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.40% |
| Home Equity Loan | 6% |
| Simple Mortgage | 46.60% |
| Debt Free | 44% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.9% |
