Summit Lake, Akron, OH
Summit Lake — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Summit Lake, Akron, Ohio. Explore the cited sources and local facts below while agent underwriting continues.
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Summit Lake Neighborhood Overview
Summit Lake is a historic neighborhood located in the heart of Akron, Ohio, centered around its namesake body of water. The area offers a blend of residential streets and community-focused green spaces. Its location provides residents with convenient access to downtown Akron and major city routes.
Lifestyle & Amenities
The neighborhood's crown jewel is Summit Lake, a focal point for community events, walking paths, and outdoor recreation. Residents enjoy access to the Summit Lake Nature Center and the Towpath Trail, which connects to a larger regional park system. The area fosters a close-knit community atmosphere with initiatives aimed at revitalizing the lakeshore as a public resource.
Real Estate Market
The real estate market in Summit Lake is notably affordable, with a median home value of $93,200 according to U.S. Census Bureau ACS 5-Year Estimates (2022). Current market data shows a price per square foot of approximately $74.2/sqft according to Redfin market data. This presents an accessible entry point for homeownership in the Akron area.
Schools & Education
Summit Lake is served by the Akron Public Schools district. Families in the neighborhood have access to various public school options serving different grade levels. For specific school assignments and performance data, prospective residents should consult the district's current boundary maps and resources.
Transportation & Connectivity
The neighborhood is well-connected by major roads like West Exchange Street and West Market Street, facilitating easy commutes. Public transportation is available through METRO RTA bus lines serving the area. Its proximity to downtown Akron and Interstate 76/77 makes regional travel straightforward for residents.
Why Choose Summit Lake
Summit Lake offers an affordable cost of living with a median household income of $52,186 according to U.S. Census Bureau ACS 5-Year Estimates (2022), paired with very accessible home prices. It appeals to those who value community, outdoor activity on the lake and trail system, and a convenient urban location. The neighborhood represents a unique opportunity to be part of an area with deep historical roots and ongoing revitalization efforts.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Summit Lake Market Data
| Metric | Value |
|---|---|
| Median Home Price | $93K |
| Median Gross Rent | $988/mo |
| Median Household Income | $52K |
| Homeownership Rate | 60.1% |
| Renter-Occupied | 39.9% |
| Rental Vacancy Rate | 5.9% |
| Market Type | Balanced |
| Market Tier | Affordable |
| Primary ZIP Code | 44301 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 313,866 |
| VA Loan Originations | 14,975 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $247K |
| Conventional Loan Originations | 263,696 |
| FHA Loan Originations | 35,195 |
Top Real Estate Agents in Summit Lake, Akron
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Summit Lake, Akron, OH. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Ohio Division of Real Estate — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15