Summit Lake is located in Langlade, Wisconsin, with an estimated municipal population of 151 residents. All of the best foreclosed homes for sale in Summit Lake are located in the following zip code areas on Foreclosure.com: 54485 54424. The estimated population per square kilometer (.62 miles) in Summit Lake is 72.
So, about how much do homes cost in Summit Lake? The most recent median value of resident-owned homes in Summit Lake is 138,892. An estimated 100 percent of households in Summit Lake own their homes, with an average family size of 2.5. The median household income in Summit Lake is 48,125, with10.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Summit Lake, the median commute time of resident workers (in minutes) is 27.3.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Summit Lake, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Summit Lake is 56.3, split between 43.7 percent male versus 56.3 female. The percentage of residents who report being married in Summit Lake is 50.4, with an average family size of 2.5.
The percentage of residents who report their race in Summit Lake is as follows:
| White | 100% |
| Black / African American | 0% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Summit Lake? Or maybe you are searching for 55+ active adult communities in and/or near Summit Lake?
The percentage of residents who report their age in Summit Lake is as follows:
| Under 10 | 14.5% |
| Aged 10-19 | 5.3% |
| 20s | 7.3% |
| 30s | 7.9% |
| 40s | 2% |
| 50s | 20.6% |
| 60s | 13.9% |
| 70s | 6% |
| 80+ | 22.5% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Summit Lake with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Summit Lake.
How do you know that living in -- or moving to -- Summit Lake is right where you need to be? Perhaps you grew up in Summit Lake or already live nearby; therefore, the decision to buy a home in Summit Lake is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Summit Lake for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Summit Lake:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Summit Lake.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Summit Lake can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Summit Lake, meanwhile, can field multiple offers from more qualified buyers.
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