Why Live in Summit
Summit, located 14 miles southwest of downtown Chicago, is a small suburb known for its historical roots as a corn-processing town. The neighborhood features a variety of single- and multi-family housing options, including bungalows, Cape Cods, and craftsmen homes, with prices generally ranging from $200,000 to $300,000. Summit's housing market is noted for its unique home styles, with no two homes alike. The area is served by a neighborhood train station with Amtrak and Metra services, providing convenient transportation options. Summit is four miles west of Chicago Midway International Airport and five miles east of UChicago Medicine AdventHealth La Grange. The neighborhood is home to Ingredion, one of the largest corn-processing facilities in the world, and ACH Food Companies, making it a significant employment hub. Summit boasts an active park system with four community parks, including the extensive Summit Park, which features trails, a playground, a disc golf course, and a dog park. Local dining options include Portillo's & Barnelli's, Weber's Bakery, and El Faro, while grocery shopping is available at ALDI and nearby Hodgkins. The neighborhood's schools include Argo Community High School, which is highly rated and recognized for its academic performance. Summit Public Library offers various community services, including literacy programs and bilingual tutoring. The crime rate in Summit is lower than the national average, contributing to its appeal as a residential area.
Frequently Asked Questions
Is Summit a good place to live?
Summit is a good place to live. Summit is considered car-dependent and bikeable. Summit is a suburban neighborhood. Summit has 6 parks for recreational activities. It is fairly dense in population with 11.2 people per acre and a median age of 36. The average household income is $71,793 which is below the national average. College graduates make up 11.2% of residents. A majority of residents in Summit are renters, with 53% of residents renting and 47% of residents owning their home. A
local real estate agent serving Summit can help you decide if this neighborhood is the right one for you. Learn more on our
Summit neighborhood guide.
How much do you need to make to afford a house in Summit?
The median home price in Summit is $569,000. If you put a 20% down payment of $113,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,950 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $126K a year to afford the median home price in Summit. The average household income in Summit is $72K.
What are the best public schools in Summit?
The best public schools that serve Summit are:
What are the best private schools in Summit?
The best private schools that serve Summit are:
What are the most popular zip codes in Summit, Summit, IL?
What are the most popular neighborhoods near Summit, Summit, IL?
Home Trends in Summit, IL
On average, homes in Summit, IL sell after 105 days on the market compared to the national average of 70 days. The median sale price for homes in Summit, IL over the last 12 months is $645,000, up 115% from the median home sale price over the previous 12 months.
Median Sale Price
$645,000
Median Single Family Sale Price
$509,500
Median Townhouse Sale Price
$369,900
Median 2 Bedroom Sale Price
$740,000
Average Price Per Sq Ft
$388
Number of Homes for Sale
3
Last 12 months Home Sales
32
Median List Price
$569,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
115%