Lake Summerset, IL Profile: Facts & Data

The primary coordinate point for Lake Summerset is located at latitude 42.4545 and longitude -89.3896 in Winnebago County. The formal boundaries for the Lake Summerset Census Designated Place encompass a land area of 2.06 sq. miles and a water area of 0.44 sq. miles. Winnebago County is in the Central time zone (GMT -6).

While the primary coordinates for Lake Summerset Census Designated Place are located in Winnebago County, it should be noted that the formal boundaries for this community also extend into and Stephenson County.

The Lake Summerset Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Lake Summerset, IL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	2,254 (100%)
Population in Households	2,254 (100.0%)
Population in Families	1,843 (81.8%)
Population in Group Quarters¹	0
Population Density	1,064
Diversity Index²	21


INCOME
Median Household Income	$103,777
Average Household Income	$112,337
% of Income for Mortgage⁴	15%
Per Capita Income	$48,393
Wealth Index⁵	127
Socioeconomic Status Index⁶	Moderate (56.8)

HOUSING
Total HU (Housing Units)	1,355 (100%)
Owner Occupied HU	910 (67.2%)
Renter Occupied HU	61 ( 4.5%)
Vacant Housing Units	384 (28.3%)
Median Home Value	$245,500
Average Home Value	$267,060
Housing Affordability Index³	138

HOUSEHOLDS
Total Households	971
Average Household Size	2.32
Family Households	687
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Lake Summerset, IL - Peer Comparisons by Rank and Percentile

The table below compares Lake Summerset to the other 1,462 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.90%	5.84%
Households	-0.50%	6.64%
Families		6.45%
Median Household Income		0.65%
Per Capita Income		2.71%
Owner Occupied HU		7.06%

Variable Description	Rank	Percentile
Total Population	# 477	67th
Population Density	# 651	56th
Median Household Income	# 206	86th
Housing Affordability Index	# 741	51st
Per Capita Income	# 310	79th
Diversity Index	# 723	50th

Lake Summerset, IL Profile: Facts & Data

Lake Summerset, Illinois - Basic Facts

Lake Summerset, IL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Summerset, IL - Peer Comparisons by Rank and Percentile

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Winnebago County