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Summit Lake

Learn about the people, housing, costs and businesses in Summit Lake, Wisconsin

Median Home$213,700
Median Rent$488/month
Population150
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare35% public administration
Home Value Growth⬆⬆+14.6% over 2 years
Young Adults35% of residentswell above average
Homeowners91% of occupied units
NotableHighly Educated33% bachelor's · 21% graduate · top 5% nationally
NotableTransit82/100 · excellent transit access
Summit Lake
WI

Frequently Asked Questions

What are today's mortgage rates in Summit Lake?

As of today, the 30-year fixed mortgage rate for Summit Lake is approximately 6.874% (6.909% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Summit Lake?

The median home value in Summit Lake is $214k. The median monthly rent is $488. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Summit Lake?

Home values in Summit Lake have increased 14.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Summit Lake?

Based on a typical all-in ownership cost of $627/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Summit Lake is $59k/year.

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What industries drive the economy in Summit Lake?

The largest employment sectors in Summit Lake are public administration (35%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.