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Summit, IL Housing

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As of 2010-2014, median price of a house in Summit is $160,200, which is lower than the state average of $175,700 and is lower than the national average of $175,700. The Summit median house value has grown by 46.70% since 2000. The growth rate for the price of a house in Summit is higher than the state average rate of 34.33% and is about the same as the national average rate of 46.91%. The median year that a house in Summit was built is 1949, which is older than the median year for a house built in the state which is 1967 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 1,664 Owner Occupied Houses in Summit, IL, #301

Summit, IL	160,200 USD
Illinois	175,700 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #345

Summit, IL	46.70%
Illinois	34.33%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Summit, IL	Illinois	U.S.
Total Housing Units	3,626, see rank, 100%	5,299,433	132,741,033
Occupied Housing Units	3,136, 86.49%, see rank	90.17%	87.55%
Owner Occupied	1,664, 45.89%, see rank	60.28%	56.34%
Renter Occupied	1,472, 40.60%, see rank	29.89%	31.21%
Vacant Housing Units	490, 13.51%, see rank	9.83%	12.45%
For Rent	191, 5.27%, see rank	2.18%	2.34%
For Sale Only	20, 0.55%, see rank	1.36%	1.20%
Rented or Sold, Not Occupied	81, 2.23%, see rank	0.87%	0.92%
For Seasonal, Recreational, or Occasional Use	0, 0.00%, see rank	0.95%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	198, 5.46%, see rank	4.46%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #1097

Summit, IL	Illinois	U.S.
1949	1967	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Summit, IL	%	Illinois	U.S.
Owner-Occupied Units	1,664	100%	3,194,707	74,787,460
With a Mortgage	1,137	68.33%, see rank	67.18%	65.58%
Without a Mortgage	527	31.67%, see rank	32.82%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Summit, IL	1,737 USD
Illinois	1,676 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Summit, IL	%	Illinois	U.S.
$299 or Less	0	0.00%, see rank	0.14%	0.20%
$300 to $499	0	0.00%, see rank	1.21%	1.59%
$500 to $699	23	2.02%, see rank	4.05%	5.01%
$700 to $999	71	6.24%, see rank	11.52%	14.32%
$1,000 to $1,499	206	18.12%, see rank	24.62%	27.90%
$1,500 to $1,999	419	36.85%, see rank	22.62%	20.35%
$2,000 to $2,999	388	34.12%, see rank	24.08%	19.52%
$3,000 or More	30	2.64%, see rank	11.76%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Summit, IL	34.00% of the Total Income
Illinois	24.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Summit, IL	%	Illinois	U.S.
10% or Less	8	0.70%, see rank	5.20%	5.86%
10% to 20%	206	18.12%, see rank	31.00%	31.95%
20% to 30%	206	18.12%, see rank	27.90%	27.64%
30% to 40%	315	27.70%, see rank	14.28%	13.74%
40% or More	402	35.36%, see rank	21.15%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Summit, IL	736 USD
Illinois	572 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Summit, IL	%	Illinois	U.S.
$199 or Less	0	0.00%, see rank	4.12%	7.76%
$200 to $299	33	6.26%, see rank	8.95%	14.70%
$300 to $499	68	12.90%, see rank	27.30%	34.63%
$500 to $699	111	21.06%, see rank	25.34%	21.16%
$700 or More	315	59.77%, see rank	34.29%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Summit, IL	20.20% of the Total Income
Illinois	13.50% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Summit, IL	%	Illinois	U.S.
10% or Less	124	23.53%, see rank	34.64%	40.19%
10% to 20%	137	26.00%, see rank	34.00%	31.47%
20% to 30%	93	17.65%, see rank	13.55%	12.24%
30% to 40%	89	16.89%, see rank	6.36%	5.64%
40% or More	84	15.94%, see rank	10.25%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Summit, IL	Illinois	U.S.
Total Housing Units	3,626, 100%	5,299,433	132,741,033
1-unit, Detached	1,664, 45.89%, see rank	58.58%	61.65%
1-unit, Attached	61, 1.68%, see rank	5.85%	5.82%
2 Units	799, 22.04%, see rank	5.71%	3.75%
3 or 4 Units	772, 21.29%, see rank	6.80%	4.43%
5 to 9 Units	201, 5.54%, see rank	6.22%	4.78%
10 or More Units	129, 3.56%, see rank	14.23%	13.08%
Mobile Home, Boat, RV, Van, etc.	0, 0.00%, see rank	2.61%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Summit, IL	Illinois	U.S.
Total Housing Units	3,626, 100%	5,299,433	132,741,033
1 Room	79, 2.18%, see rank	2.20%	1.95%
2 Rooms	54, 1.49%, see rank	2.22%	2.48%
3 Rooms	322, 8.88%, see rank	8.27%	9.13%
4 Rooms	783, 21.59%, see rank	16.08%	16.60%
5 Rooms	1,145, 31.58%, see rank	20.31%	20.41%
6 Rooms	685, 18.89%, see rank	18.17%	18.06%
7 Rooms	126, 3.47%, see rank	12.12%	12.27%
8 Rooms	199, 5.49%, see rank	8.93%	8.48%
9 Rooms or More	233, 6.43%, see rank	11.70%	10.60%
Median Rooms	5.00, see rank	5.60	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Summit, IL	Illinois	U.S.
Total Housing Units	3,626, 100%	5,299,433	132,741,033
No Bedroom	79, 2.18%, see rank	2.50%	2.17%
1 Bedroom	334, 9.21%, see rank	11.67%	11.16%
2 Bedrooms	1,219, 33.62%, see rank	29.01%	26.69%
3 Bedrooms	1,434, 39.55%, see rank	36.76%	39.70%
4 Bedrooms	428, 11.80%, see rank	15.97%	16.05%
5 or More Bedrooms	132, 3.64%, see rank	4.10%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Summit, IL	Illinois	U.S.
Total Housing Units	3,136, 100%	4,778,633	116,211,092
Utility Gas	2,883, 91.93%, see rank	79.46%	48.85%
Bottled, Tank, or LP Gas	19, 0.61%, see rank	4.08%	4.86%
Electricity	234, 7.46%, see rank	14.82%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	0.20%	5.86%
Coal or Coke	0, 0.00%, see rank	0.02%	0.12%
Wood	0, 0.00%, see rank	0.50%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	0, 0.00%, see rank	0.45%	0.47%
No Fuel Used	0, 0.00%, see rank	0.46%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Summit, IL	Illinois	U.S.
Occupied Units Paying Rent	1,422, 100%	1,513,617	39,201,928
$199 or Less	0, 0.00%, see rank	1.84%	1.50%
$200 to $299	0, 0.00%, see rank	3.23%	3.18%
$300 to $499	51, 3.59%, see rank	7.28%	7.37%
$500 to $699	271, 19.06%, see rank	15.00%	16.01%
$700 to $999	711, 50.00%, see rank	33.11%	29.17%
$1,000 to $1,499	327, 23.00%, see rank	26.04%	26.88%
$1,500 to $1,999	37, 2.60%, see rank	8.81%	9.79%
$2,000 or More	25, 1.76%, see rank	4.70%	6.10%
Median	$854, see rank	$903	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Summit, IL	Illinois	U.S.
Occupied Housing Units	3,136, 100%	4,778,633	116,211,092
No Vehicles Available	307, 9.79%, see rank	10.79%	9.12%
1 Vehicles Available	1,104, 35.20%, see rank	35.14%	33.80%
2 Vehicles Available	1,040, 33.16%, see rank	36.99%	37.48%
3 or More Vehicles Available	685, 21.84%, see rank	17.09%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.