HomeDataUSA

States / New Jersey / Summit

Summit, NJ Housing

ACS 2020-2024

Median Home Value
$994,500 ± $81,474
Median Gross Rent
$2,430 ± $210/mo
Homeownership Rate
68.3%
Rent as Share of Income
15.3%
Price-to-Income Ratio
5.2×
Vacancy Rate
5.1%
Median Year Built
1953

New Construction (2025)

Housing units authorized by building permit — a leading signal of new supply, from the Census Building Permits Survey.

Units Authorized
23
Buildings
21
Single-Family Units
20
Multi-Family Units
3

Nearby Cities in New Jersey

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.

Summit, NJ Housing: Rent & Home Values | HomeDataUSA