foreclosure.com

Rent To Own Homes in Summit, IL

Search within map
Price
Listing Type Up arrow
Property Type Up arrow
Displaying 11 - 19 of 19
More real estate for sale
Other cities with foreclosures
Zip codes

Living in Summit, IL

Summit, IL, is a dynamic village near Chicago, offering a diverse community and a mix of urban amenities. Residents benefit from excellent public transportation, quality schools, and ample recreational areas. The village's close-knit atmosphere and access to cultural and professional opportunities make it a desirable place for real estate investment.

Current Market Conditions in Summit, IL

The real estate market in Summit is currently experiencing steady growth, driven by an influx of new residents seeking affordable housing options near Chicago. Home prices have seen a gradual increase, making it an opportune time for real estate investors to consider investing in the area, particularly in single-family homes and rental properties.

With ongoing development projects and community improvements, the demand for housing in Summit is expected to rise. Investors should take note of emerging neighborhoods that are showing signs of revitalization and increasing property values, providing an advantageous environment for long-term investment.

Home Value Estimator For Summit, IL

There are currently 1,650 real estate properties in Summit, IL, with a median automated valuation model (AVM) price of $281,829.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Summit, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Summit, IL, is $305,248.00, with the most expensive house in Summit, IL, topping out at $15,876,451.00 and the cheapest home in Summit, IL, clocking in at $10,391.00. In other words, there’s something for every potential homebuyer or savvy investor in Summit, IL!

Rent Prices In Summit, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Summit, IL, is on a rollercoaster ride. The average rent price in Summit, IL, is $1,554.00. Indeed, when looking to rent in Summit, IL, you can expect to pay as little as $870.00 or as much as $2,310.00, with the average rent median estimated to be $1,580.00. The good news is that finding an affordable and desirable property to rent in Summit, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Summit, IL Rent To Own Homes

Popular Searches

Nearby Areas

Nearby Zip Codes

Get NEW Foreclosure Listings sent to your inbox

Millions of people receive foreclosure alerts daily, don't miss out.

No Thanks | Remind Me Later
Equal Housing Opportunity
Privacy Policy   |   Terms and Conditions of Service   |   © Foreclosure.com / ForeclosureFreeSearch.com 1999-2025. All Rights Reserved.