Home Values

Summit Lake Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$42,900

  • 4.1% 1-year change
  • 3.2% 1-year forecast

The median home value in Summit Lake is $42,900. Summit Lake home values have gone up 4.1% over the past year and Zillow predicts they will rise 3.2% within the next year. The median rent price in Summit Lake is $675, which is the same as the Akron median of $675.

Foreclosures will be a factor impacting home values in the next several years. In Summit Lake 48.9 homes are foreclosed (per 10,000). This is greater than the Akron value of 7.1 and also greater than the national value of 3.5

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Relative ZHVI
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Summit Lake Market Overview

Data through May 31, 2015
  • $42,900 ZHVI
  • 3.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • No data Median sale price
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Summit Lake Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • No data Homes with negative equity (15.4% US Avg)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

48.9 homes(Apr 30, 2015) Summit Lake
7.1 homes Akron
3.5 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Highland Square $84,300
Firestone Park $67,300
Rolling Acres $54,900
Name Median ZHVI
Elizabeth Park Valley $51,000
West Akron $50,800
Kenmore $49,700
Name Median ZHVI
South Akron $44,400
University of Ohio Akron $43,500
Lane-Wooster $41,900

Listings & Sales

  • No data
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Summit Lake Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $662 Summit Lake
    $777 Akron
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No recent data Rent list price
  • No data Rent list price / sq ft
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