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Summit, IL
Full City Profile · Illinois · Cook County County
2.8
/5.0
C+
Fair
10,896
Population
5,140/sq mi density
$60,417
Median Income
$30,446 per capita
$224,800
Home Value
$262,021 Zillow
$1,012
Median Rent
31.9% income on rent
52°F
Avg Temperature
275 sunny days/yr
482
Violent Crime/100K
1,562 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$60,417 median income, 3.9% unemployment
A+
Affordability
4.6 / 5.0
$224,800 home value, $1,012/mo rent
F
Safety
1.0 / 5.0
482 violent crimes/100K (27% above avg)
D
Education
2.0 / 5.0
12.1% bachelor's degree or higher
Housing Overview
Median Home Value
$224,800
20% below
US avg: $281,900
Median Rent
$1,012/mo
13% below
US avg: $1,163/mo
Homeownership Rate
61.6%
6% below US avg (65.4%)
Total Housing Units
3,861
Median year built: 1958
Home Value by Source
Census Median
$224,800
Zillow (ZHVI)
$262,021
Median Sale Price
$313,000
Median List Price
$267,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
61.6%
Owner-Occupied
38.4%
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:
$1,012/mo
Market Indicators (Redfin)
Median Days on Market
110 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
16.7%
of listings with price reduction
Price Per Sq Ft
$186
Active Inventory
18
homes for sale
Affordability & Housing Stock
Rent Burden
31.9%
of renters spending 30%+ of income on housing
3% above US avg (31.0%)
Median Year Built
1958
Average age of housing stock: 68 years
Homeownership Rate
61.6%
Complete Housing Data
Home Values
| Census Median Value | $224,800 |
| Zillow Home Value (ZHVI) | $262,021 |
| Median Sale Price | $313,000 |
| Median List Price | $267,450 |
| Price Per Sq Ft | $186 |
Rent
| Census Median Rent | $1,012 |
| 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 | 110 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 16.7% |
| Homes Sold | 2 |
| Active Inventory | 18 |
| Price Per Sq Ft | $186 |
Ownership & Stock
| Owner-Occupied | 61.6% |
| Renter-Occupied | 38.4% |
| Homeownership Rate | 61.6% |
| Total Housing Units | 3,861 |
| Median Year Built | 1958 |
| Rent Burden | 31.9% |