All Countries
Lake Summerset, IL
Full City Profile · Illinois · Winnebago County County
4.3
/5.0
A
Great
2,240
Population
1,057/sq mi density
$105,588
Median Income
$43,625 per capita
$226,700
Home Value
$259,436 Zillow
$1,206
Median Rent
36.9% income on rent
49°F
Avg Temperature
260 sunny days/yr
A
Overall
4.3 / 5.0
Strong
A+
Economy
4.5 / 5.0
$105,588 median income, 5.2% unemployment
A+
Affordability
5.0 / 5.0
$226,700 home value, $1,206/mo rent
B
Education
3.4 / 5.0
29.5% bachelor's degree or higher
Housing Overview
Median Home Value
$226,700
20% below
US avg: $281,900
Median Rent
$1,206/mo
4% above
US avg: $1,163/mo
Homeownership Rate
87.8%
34% above US avg (65.4%)
Total Housing Units
1,096
Median year built: 1991
Home Value by Source
Census Median
$226,700
Zillow (ZHVI)
$259,436
Median Sale Price
$218,500
Median List Price
$303,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
87.8%
Owner-Occupied
12.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$1,206/mo
Market Indicators (Redfin)
Median Days on Market
140 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$84
Active Inventory
10
homes for sale
Affordability & Housing Stock
Rent Burden
36.9%
of renters spending 30%+ of income on housing
19% above US avg (31.0%)
Median Year Built
1991
Average age of housing stock: 35 years
Homeownership Rate
87.8%
Complete Housing Data
Home Values
| Census Median Value | $226,700 |
| Zillow Home Value (ZHVI) | $259,436 |
| Median Sale Price | $218,500 |
| Median List Price | $303,000 |
| Price Per Sq Ft | $84 |
Rent
| Census Median Rent | $1,206 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 140 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 1 |
| Active Inventory | 10 |
| Price Per Sq Ft | $84 |
Ownership & Stock
| Owner-Occupied | 87.8% |
| Renter-Occupied | 12.2% |
| Homeownership Rate | 87.8% |
| Total Housing Units | 1,096 |
| Median Year Built | 1991 |
| Rent Burden | 36.9% |