Summit Housing Information - Census

IndexSummitNew JerseyNational
Median home price$822,000$316,400$184,700
Median rent asked$1,706$1,213$949
Avg. people per household2.72.72.6
Owner occupied households71.8%64.1%63.6%
Renter occupied households28.2%35.9%36.4%

Summit Housing Information - Zillow

IndexSummitNew JerseyNational
Zillow home value index$942,536$313,560$213,146
Year over year appreciation rate11.31%10.64%8.00%
5 year average appreciation rate5.58%4.27%6.57%
10 year average appreciation rate1.75%-0.86%1.33%

Did you know?

  • The median home price in Summit is 345% higher than the national average.
  • The median rent asked in Summit is 80% higher than the national average.
  • The average number of people per household in Summit is 4% higher than the national average.
  • The number of owner occupied households in Summit is 13% higher than the national average.
  • The number of renter occupied households in Summit is 23% lower than the national average.

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Compare Summit, NJ Housing To Other Cities

Vacancy vs occupancy levels

Vacancy status breakdown

Household statistics

Heating methods

Rent percent of household income

Inclusion of utilites in rent

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Zarephath, NJ8$0100%
Victory Gardens, NJ1,623$171,7007%
Roselle, NJ21,507$204,80011%
East Orange, NJ64,621$209,50013%
Newark, NJ280,139$222,10020%
Summit, NJ21,895$822,000345%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
La Porte, IN21,876$93,00050%
Pace, FL21,922$161,40013%
South Euclid, OH21,865$100,10046%
West Carson, CA21,929$399,900117%
Sunny Isles Beach, FL21,937$316,10071%
Summit, NJ21,895$822,000345%
Source: The Summit, NJ housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS) and Zillow data.