Real Estate Market Update for Summit, NJ
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Map Information for Summit, NJ
Area Information for Summit, NJ
  • Population: 21,656
  • Median Age: 40.91 yr
  • Median Commute Time: 31 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 3,612/sq mi
  • Population Change Since 2000: 2.48%
  • Closest Airport: Newark Liberty International
  • Closest College: Drew Theological School
  • Closest Jr. College: Union County College
  • Median Household Income: $119,405
  • Annual Residential Turnover: 6%
  • Median Home Sales Price: $730,000
  • Closest Major Sports Team: New Jersey Devils
  • Change Avg. Household Income Since 2000: 24.01%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Summit, NJ
Median Age: 40.91 Married: 47% Number of Households: 7,824 Households with Children: 2,971
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Summit, NJ

      School Name Distance Type Grades School Rating Parent Rating
      St Theresa Early Childhood Center 0.1 mi Catholic PRESCHOOL-K 0 0
      Cornerstone School Of Summit 0.1 mi Private PRESCHOOL-K 0 0
      Central Presb Church Nur & Kng Sco 0.2 mi Private PRESCHOOL-PRESCHOOL 0 0
      Cpc Weekday Nursery School And Kindergarten 0.2 mi Private PRESCHOOL-K 0 0
      L C johnson Summit Middle School 0.2 mi Public 6-8 5 0
      Hudsonway Immersion School 0.3 mi Private PRESCHOOL-3 0 0
      Oak Knoll School Of The Holy Child 0.3 mi Catholic K-12 0 0
      Kent Place School 0.4 mi Private PRESCHOOL-12 0 0
      Lincoln Hubbard Elementary School 0.4 mi Public 1-5 5 0
      Brayton Elementary School 0.4 mi Public 1-5 4 0
      Zadie's Nurturing Den 0.5 mi Private PRESCHOOL-K 0 0
      Summit Sr High School 0.5 mi Public 9-12 5 4
      Oratory Preparatory School 0.7 mi Catholic 7-12 0 0
      Franklin Elementary School 0.8 mi Public 1-5 5 0
      Summit Primary Center At Wilson 0.8 mi Public PRESCHOOL-K 0 0
      Washington Elementary School 0.9 mi Public 1-5 5 0
      Jefferson Elementary School 0.9 mi Public 1-5 4 0
      Jefferson Primary Center 0.9 mi Public PRESCHOOL-K 0 0
      The Learning Circle 0.9 mi Private PRESCHOOL-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2015. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Summit, NJ
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.