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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||6%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18.9%|