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Advertise here →Summit, IL · Market Data
Summit, Illinois real estate market data.
Real estate market data for Summit, IL (Cook County) — Census median home value $224,800, county listing prices up about 2.2% over the past year.
Summit, IL is in Cook County, Illinois — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 10,896, with a median household income of $60,417. Census data puts Summit's median home value at $224,800 (all owner-occupied homes); Cook County's current median listing price runs $352,450, up about 2.2% over the past year.
At a glance
Summit market snapshot
Population
10,896
Median Household Income
$60,417
Median Home Value (city)
$224,800
Median Listing Price (Cook County)
$352,450
Median Gross Rent
$1,012/mo
Price Trend (YoY)
+2.2%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Summit different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Summit's median home value — across all owner-occupied homes, not just recent sales — at $224,800. Separately, Cook County's current median listing price (via Realtor.com data, 2026-06-01) runs $352,450. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Cook County's FHFA house price index shows a 5.52% annual change in 2025.
Population & Income
Summit has an estimated population of 10,896 and a median household income of $60,417, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Summit's Census-reported median home value works out to about 3.7x the area's median household income, and median gross rent runs roughly 20% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Summit FAQ
What are home values like in Summit, IL?
The Census Bureau's American Community Survey puts Summit's median home value at $224,800. Cook County's current median listing price runs $352,450, up about 2.2% over the past year.
What is the population of Summit, IL?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Summit's population at approximately 10,896.
What's the median rent in Summit, IL?
The Census ACS estimates median gross rent in Summit at approximately $1,012 per month.
What is the median household income in Summit, IL?
Census ACS data puts the median household income in Summit at approximately $60,417.
Is the Summit housing market growing?
Cook County's FHFA house price index shows a 5.52% annual change in 2025.
Is Summit, IL affordable relative to income?
Census ACS data puts Summit's median home value at about 3.7 times the median household income, with median gross rent equal to roughly 20% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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