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Summit School District 104

Learn about the people, housing, costs and businesses in Summit School District 104, Illinois

Median Home$241,360
Median Rent$919/month
Population26,326
Leading IndustryRetail13% of local workforce
Home Value Growth⬆⬆+12.3% over 2 years
Young Adults29% of residentsslightly above average
Homeowners66% of occupied units
NotableAffordable Market$241k median home · lower cost than 76% of the country
Summit School District 104
IL

Explore Summit School District 104

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Summit School District 104?

As of today, the 30-year fixed mortgage rate for Summit School District 104 is approximately 6.956% (6.964% 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 School District 104?

The median home value in Summit School District 104 is $241k. The median monthly rent is $919. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Summit School District 104?

Home values in Summit School District 104 have increased 12.3% 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 School District 104?

Based on a typical all-in ownership cost of $1,004/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Summit School District 104 is $64k/year.

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What industries drive the economy in Summit School District 104?

The largest employment sectors in Summit School District 104 are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.