Summit IL Multi-family Properties For Sale
The median home value in Summit, IL is $212,700. This is lower than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Summit, IL is $212,700. Approximately 51.64% of Summit homes are owned, compared to 39.67% rented, while 8.69% are vacant. Summit real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Summit real estate agent to arrange a tour today!
Learn More About Summit Real EstateStatistics & facts
11,098
Population
$212K
Medium Home Value
3,416
# of Households
8.69%
Housing Vacancy
46.66%
Future Job Growth
3.40%
Unemployment Rate
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Spartanburg Association of REALTORS®. IDX information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed. Copyright 2025 Spartanburg Association of Realtors. All rights reserved.
Population
Summit has a population of approximately 11,098 and experiences a population change rate of 4.33%. The population density is 5,237.4 / sq mi.
Household
The median household income for Summit is $48,929, with 3,416 households and an average household size of 3.24.
Cost of Living
The cost of living index in Summit is 106%.
Home Value
The median value of a home in Summit is $212,700 with an appreciation rate of 14.1%. 51.6% of housing in the city is owned while 39.7% is rented.
Employment
The unemployment rate in Summit is 3.40%, and recent job growth is at 1.09%. Future job growth is projected at 46.66%.
Taxes
The sales tax rate in Summit is 10.00%, while the income tax rate is 4.95%.
Education
School expenditures in Summit are $21,907, and the school ratio is 14:1.
Weather
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 19.6 degrees. The average rainfall is approximately 39.1 inches per year, with 31.9 inches of snow per year.
Education near Summit IL
| Metric | City | County |
|---|---|---|
| High School Graduates | 63.83 | 87.97 |
| College Degree - 2 year | 5.76 | 6.73 |
| College Degree - 4 year | 11.77 | 40.75 |
| Graduate Degree | 2.34 | 12.01 |
| Expenditures per Student | $21,907 | $21,907 |
| Students per Teacher | 14.00 | 14.00 |
Elementary Schools near Summit IL
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Blair Early Childhood Center | PK - 01 | 186 | 8.5 | 60638 |
| Byrne Elementary School | KG - 08 | 635 | 18.7 | 60638 |
| Charles J SAHS Elementary School | PK - 08 | 427 | 14.7 | 60638 |
| Cossitt Avenue Elementary School | PK - 06 | 594 | 15.4 | 60525 |
| Costello School | PK - 05 | 287 | 11.1 | 60534 |
| DORE Elementary School | PK - 08 | 669 | 19.2 | 60638 |
| Frank A Brodnicki Elementary School | KG - 06 | 695 | 14.5 | 60458 |
| George T Wilkins Elementary School | KG - 06 | 568 | 15.1 | 60458 |
| Gladness V Player Early Childhood Center | PK - 01 | 193 | 21.4 | 60458 |
| Grimes Elementary School | PK - 08 | 470 | 18.8 | 60638 |
| HALE Elementary School | PK - 08 | 942 | 20.8 | 60638 |
| Hearst Elementary School | PK - 08 | 318 | 16 | 60638 |
| Highlands Elementary School | PK - 05 | 527 | 12.6 | 60525 |
| Hodgkins Elementary School | PK - 06 | 203 | 9 | 60525 |
| Ideal Elementary School | PK - 06 | 364 | 12 | 60525 |
| J W Robinson Junior Elementary School | PK - 05 | 273 | 13.1 | 60534 |
| Kinzie Elementary School | PK - 08 | 667 | 16.3 | 60638 |
| Ogden Avenue Elementary School | PK - 06 | 610 | 16.4 | 60525 |
| Otis P Graves Elementary School | PK - 04 | 529 | 17.6 | 60501 |
| Pleasantdale Elementary School | PK - 04 | 466 | 14 | 60525 |
| Seventh Avenue Elementary School | PK - 06 | 211 | 10.4 | 60525 |
| Spring Avenue Elementary School | PK - 06 | 344 | 14.4 | 60525 |
| Twain Elementary School | PK - 08 | 1193 | 21.2 | 60638 |
| W W Walker Elementary School | KG - 04 | 214 | 10.2 | 60501 |
| Walsh Elementary School | PK - 04 | 371 | 15.5 | 60501 |
Middle Schools near Summit IL
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Dr Donald Wharton Elementary School | 05 - 05 | 188 | 23.5 | 60501 |
| Geo T Wilkins Junior High School | 07 - 08 | 591 | 12.6 | 60458 |
| Heritage Middle School | 06 - 08 | 560 | 21.5 | 60501 |
| Highlands Middle School | 06 - 08 | 311 | 13 | 60525 |
| Washington Middle School | 06 - 08 | 792 | 13.7 | 60534 |
| Wm F Gurrie Middle School | 07 - 08 | 318 | 12.4 | 60525 |
High Schools near Summit IL
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| ARGO Community High School | 09 - 12 | 1761 | 16.2 | 60501 |
| Kennedy High School | 09 - 12 | 1542 | 15.8 | 60638 |
| Lyons Township High School | 09 - 12 | 3961 | 15.7 | 60525 |
