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 Size

Housing Units by Size
Studio Type2.60%
One Bedroom18.20%
Two Bedrooms37.40%
Three Bedrooms31.10%
Four Bedrooms6.30%
Five Bedrooms or more4.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.4
Median year structure was built1951
Median Value of occupied units$109,200
Median Price asked for vacant units$55,000

Rented Homes, Apartments and Condos

Average Household Size2.89
Median year structure was built1957
Median Monthly Rent asked for vacant units$532

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.40%
Home Equity Loan6%
Simple Mortgage46.60%
Debt Free44%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.9%