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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 $244,383, lower than the Wisconsin average of $280,373.
The average cost of rent is $489/mo in Summit Lake, primarily driven by the current value of real estate in the Summit Lake area. In Summit Lake, 6.03% of households rent, and 59.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summit Lake is $5,676 per month. Households that rent pay about 8.62% of their income on rent here. Summit Lake’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Elcho, WI: equally priced homes
- Deerbrook, WI: less expensive homes
- Post Lake, WI: equally priced homes
- Pearson, WI: equally priced homes
- Pelican Lake, WI: less expensive homes
- Neva Corners, WI: less expensive homes
- Harrison, WI: equally priced homes
- Parrish, WI: equally priced homes
- Dudley, WI: equally priced homes
- Kempster, WI: less expensive homes
Cities with Similar Populations
- Grissom Arb, IN: equally priced homes
- Harbin, TX: higher priced homes
- Happy Valley, AK: equally priced homes
- Hanley, IA: higher priced homes
- Handle, MS: less expensive homes
- Halbur, IA: less expensive homes
- Hagarville, AR: less expensive homes
- Gurn Spring, NY: higher priced homes
- Guild, NH: higher priced homes
- Hendrix, OK: less expensive homes
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