Why Live in Summit Lake
Summit Lake in Akron, Ohio, is a neighborhood with a rich history and ongoing revitalization efforts. Originally an amusement park, the area faced neglect but has seen significant improvements since the launch of the Our Summit Lake program in 2018. This initiative has transformed the once-contaminated Summit Lake into a vibrant local park, featuring the Summit Lake Nature Center, where residents can enjoy fishing, kayaking, and hiking along the 20-mile Towpath Trail. The neighborhood includes green spaces like Penn Soccer Field and George Sisler Baseball Field. Summit Lake's residential areas are characterized by early 1900s Colonial Revival duplexes and single-family homes, with ongoing plans to develop affordable housing through the Summit Lake Choice Neighborhoods Plan. The community is well-connected, with three main thoroughfares and access to Interstate 76, making downtown Akron just a 3-mile drive away. Public transportation is available via Akron METRO's bus route eight. While local shopping options include Save A Lot, Aldi, and Great Start Thriftstore, dining options are limited, with the Friendly Tavern being the nearest restaurant. For more extensive shopping, residents travel to Summit Mall, 10 miles away in Fairlawn. The Summit Lake Community Center hosts various events, including the Summer Concert Series and the Summit Lake Birthday Bash. Efforts are underway to improve safety through educational and financial aid programs.
Home Trends in Summit Lake, OH
On average, homes in Summit Lake, Akron sell after 43 days on the market compared to the national average of 52 days. The median sale price for homes in Summit Lake, Akron over the last 12 months is $64,000, up 21% from the median home sale price over the previous 12 months.
Median Sale Price
$64,000
Median Single Family Sale Price
$70,000
Median Townhouse Sale Price
$125,350
Average Price Per Sq Ft
$63
Number of Homes for Sale
5
Last 12 months Home Sales
27
Median List Price
$82,950
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
21%