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 Type | 0% |
| One Bedroom | 0.60% |
| Two Bedrooms | 19.80% |
| Three Bedrooms | 61.90% |
| Four Bedrooms | 17.10% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1987 |
| Median Value of occupied units | $122,800 |
| Median Price asked for vacant units | $206,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.88 |
| Median year structure was built | 1992 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 5.70% |
| Home Equity Loan | 8% |
| Simple Mortgage | 51.20% |
| Debt Free | 34.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.2% |
