Home prices
The median home price in Summit is $403,000. This is approximately $32,760 (7%) lower compared to its nearby areas.Compared to the country as a whole it is roughly $185,500 (85%) higher, and compared to the city of Chicago it is approximately $145,000 (56%) higher.
Rents
Summit's median monthly rent is $1,144. This is about $124 (9%) lower compared to the surrounding areas.It is roughly $82 (7%) higher compared to the entire country, and in comparison to the city of Chicago it is roughly $32 (2%) higher.
Nearby places
Dousman
Dousman is Summit's neighbor to the south. Housing prices there are significantly less expensive. The median home in Dousman is valued at $273,500, which is $129,500 (47%) lower than Summit. Rent there is a little more expensive. In Dousman the median monthly rent is $1,248, which works out to $104 (8%) higher than Summit.
Oconomowoc
Oconomowoc is Summit's neighbor to the north. Housing prices there are a lot less expensive. The median home price in Oconomowoc is $259,200, which is $143,800 (55%) lower than Summit. Rent there is a bit less expensive. The median rent in Oconomowoc is $972 a month, which comes out to $172 (17%) lower than Summit.
Oconomowoc Lake
Oconomowoc Lake is Summit's neighbor to the north. Its real estate prices are significantly more expensive. The median home price in Oconomowoc Lake is $891,700, which comes out to $488,700 (54%) higher than Summit. The rent there is substantially more expensive. In Oconomowoc Lake the median monthly rent is $1,688, which comes out to $544 (32%) higher than Summit.
Delafield
Delafield is Summit's neighbor to the east. Its housing prices are pretty similar. The price of the median home in Delafield is $387,200, which works out to $15,800 (4%) lower than Summit. The rent there is a bit more expensive. In Delafield the median monthly rent is $1,237, which works out to $93 (7%) higher than Summit.
Nashotah
Nashotah is approximately 4 miles northeast from Summit. Its real estate prices are somewhat less expensive. The price of the median home in Nashotah is $367,200, which comes out to $35,800 (9%) lower than Summit. Its rents are fairly similar. The median monthly rent in Nashotah is $1,193, which comes out to $49 (4%) higher than Summit.
