Summit New Jersey Real Estate
Summit, New Jersey, is located in Union County, 5 miles W of Union, New Jersey and 20 miles W of New York, New York. Summit has a population of 21,131.
Summit Homes
Summit properties pool is 7,897 residential properties including Summit new homes. Median age of real estate in Summit is 1949. Average Household size is 3.18 people. 2% are one bedroom homes, 10% are 2 bedroom homes, 36% are 3 bedroom homes, 30% are 4 bedroom homes, and 21% are 5+ bedroom homes.
Summit Mortgage Statistics
Summit mortgages vs. USA median statistics
| Homes |
Summit |
USA |
| Homes With No Mortgage |
34% |
30% |
| Homes With Mortgage |
66% |
70% |
| First Mortgage Only |
50% |
54% |
| First & Second Mortgage or HELOC |
16% |
16% |
Summit Area Real Estate Tax
Summit Real estate Tax: Median Real Estate Taxes (2000) were $6,822 comparing to 1999 Median Family income $ 117,053. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Summit School District: Children make up 27% of Summit population. Summit has 5,697 under 18 years old residents, or 0.57 kids per one worker, or 0.72 kids per one household.
Summit Real Estate & Summit Homeownership
There are 1895.28 or 24% one person households, 2527.04 or 32% two person households, and 1263.52 or 16% three person households in Summit, New Jersey. Median residents age is 37.3, Senior citizens (65+) make up 2,769 or 13.1%% of Summit population.
There are 10,044 workers (over 16 years of age) in Summit. Of these, 73.32% drive to work. Approximately 16.25% of workers in Summit take public transportation. An estimated 4.15% walk to work.
Median Summit homeowner's housing expences are 17.6%
Crime in Summit (2003), crimes per 10,000 residents per year
| Type of Crime |
Summit |
USA, 2003 |
| Violent Crimes |
3.79 |
47.5 |
| Robberies |
0.95 |
14.2 |
| Aggravated Assaults |
2.37 |
29.5 |
| Property Crimes |
155.7 |
358.8 |
| Burglaries |
28.87 |
74.0 |
| Larceny-Thefts |
113.1 |
241.5 |
| Motor Vehicle Thefts |
13.72 |
43.3 |
Invest in Summit Properties
When making a decision about buying real estate in Summit New Jersey area, you should consider following statistical data:
| Category |
Summit |
USA |
| Near Medium City |
Union, New Jersey |
- |
| Near Large City |
New York, New York |
- |
| Summit Zip Codes |
07901 |
- |
| Summit Area Codes |
908 |
- |
| White population |
87.77% |
75.1% |
| African-American population |
4.33% |
12.3% |
| Asian |
4.45% |
3.6% |
| American Indian & Alaskan |
0.09% |
0.9% |
| Hispanic (of any race) |
10.17% |
12.5% |
| Median Family Income (1999) |
$ 117,053% |
$42,000 |
| Population Below Poverty Level |
4.24% |
12.4% |
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