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

$40,500

  • -4.9% 1-year change
  • 0.8% 1-year forecast

The median home value in Summit Lake is $40,500. Summit Lake home values have declined -4.9% over the past year and Zillow predicts they will rise 0.8% within the next year. The median price of homes currently listed in Summit Lake is $16,900. The median rent price in Summit Lake is $675, which is higher than the Akron median of $635.

Foreclosures will be a factor impacting home values in the next several years. In Summit Lake 112.3 homes are foreclosed (per 10,000). This is greater than the Akron value of 18.2 and also greater than the national value of 4.0

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Relative ZHVI
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Summit Lake Market Overview

Data through Dec 31, 2014
  • $40,500 ZHVI
  • 0.8% 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
    (Dec 31, 2015)
  • $16,900 Median listing price
  • No data Median sale price
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Summit Lake Market Health

Data through Dec 31, 2014
  • 0.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.4% US Avg)

Homes foreclosed (per 10,000)

112.3 homes Summit Lake
18.2 homes Akron
4 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Highland Square $85,600
Firestone Park $67,200
Rolling Acres $61,700
Name Median ZHVI
Kenmore $53,500
Elizabeth Park Valley $50,700
University of Ohio Akron $49,600
Name Median ZHVI
West Akron $49,600
South Akron $47,100
Lane-Wooster $42,700

Listings & Sales

Data through Dec 31, 2014
  • $12 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 12.1% Listings with price cut
62.5%
Sold below listing
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Summit Lake Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $598 Summit Lake
    $739 Akron
    $1,345 United States

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

  • 1.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No data Rent list price / sq ft
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