Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Summit Lake area can be challenging. Home prices in Summit Lake are now at a median cost of $89,897, lower than the Akron average of $230,305.
The average cost of rent is $795/mo in Summit Lake, primarily driven by the current value of real estate in the Summit Lake area. In Summit Lake, 65.58% of households rent, and 53.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summit Lake is $2,059 per month. Households that rent pay about 38.60% of their income on rent here. Summit Lake’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Lane-Wooster, Akron, OH: equally priced homes
- Downtown Akron, Akron, OH: higher priced homes
- South Akron, Akron, OH: less expensive homes
- Kenmore, Akron, OH: equally priced homes
- University of Ohio Akron, Akron, OH: higher priced homes
- Firestone Park, Akron, OH: equally priced homes
- West Akron, Akron, OH: equally priced homes
- East Akron, Akron, OH: less expensive homes
- Highland Square, Akron, OH: higher priced homes
- Middlebury, Akron, OH: less expensive homes
Neighborhoods with Similar Populations
- Highlands, Boise, ID: higher priced homes
- Ybor City, Tampa, FL: higher priced homes
- Kutzky Park, Rochester, MN: higher priced homes
- Yorkwood, Mobile, AL: higher priced homes
- Kensington, Coral Springs, FL: higher priced homes
- Ken Caryl Ranch Plains, Ken Caryl, CO: higher priced homes
- Jordan Meadows, Salt Lake City, UT: higher priced homes
- Jennings Lodge, Portland, OR: higher priced homes
- Jeff-Vander-Lou, St. Louis, MO: higher priced homes
- Indian Hill, Worcester, MA: higher priced homes
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