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Illinois · Census place 41456

Lake Summerset CDP, IL

Quick answer

Lake Summerset CDP has 2,240 residents, ranking #485 of 1462 places in Illinois. Median household income is $105,588, the median home is worth $226,700 and median gross rent runs $1,206 a month.

Population
2,240Lake Summerset CDP residents
Median household income
$105,588Past 12 months, inflation adjusted
Median home value
$226,700Owner-occupied units
Median gross rent
$1,206Rent plus utilities, monthly
Median age
46.1 yrsAll residents
Homeownership rate
87.8%Owner-occupied households

What the numbers mean in Lake Summerset CDP

Housing cost measured against local earnings.

A household earning the Lake Summerset CDP median would spend about 13.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.1% of residents and 87.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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