Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Summit area can be challenging. Home prices in Summit are now at a median cost of $188,373, lower than the Illinois average of $242,002.
The average cost of rent is $962/mo in Summit, primarily driven by the current value of real estate in the Summit area. While nearly 55.53% of residents own their homes outright in Summit, 44.57% rent.
Housing affordability isn’t just about home prices, though. The average household income in Summit is $4,284 per month. Households that rent pay about 22.46% of their income on rent here. Summit's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Bedford Park, IL: higher priced homes
- McCook, IL: less expensive homes
- Forest View, IL: higher priced homes
- Lyons, IL: higher priced homes
- Stickney, IL: equally priced homes
- Hodgkins, IL: less expensive homes
- Justice, IL: equally priced homes
- Bridgeview, IL: less expensive homes
- Riverside, IL: higher priced homes
- Brookfield, IL: higher priced homes
Cities with Similar Populations
- Munhall, PA: less expensive homes
- Montpelier, VT: higher priced homes
- Montville, NJ: higher priced homes
- Morro Bay, CA: higher priced homes
- Moscow, PA: higher priced homes
- Moseley, VA: higher priced homes
- Mount Olive, NC: less expensive homes
- Mount Pleasant, IA: less expensive homes
- Mount Sinai, NY: higher priced homes
- Mountain City, TN: less expensive homes
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