Why Live in Summit
Summit, located 23 miles east of Manhattan, is a commuter-friendly neighborhood with a small-town atmosphere, characterized by locally owned businesses and historic buildings. The area has a low crime risk compared to the national average. Summit's housing market features a range of homes, including colonials and Craftsman-style houses, many of which have been renovated while maintaining their original charm. The neighborhood is known for its highly rated public schools, including Lincoln-Hubbard Elementary School, Summit Middle School, and Summit Senior High School, which boasts an award-winning performing arts department and a nationally ranked lacrosse team.
Summit offers numerous parks and recreational spaces, such as Briant Park with its picnic areas, athletic fields, and a pond for fishing and ice skating. The Summit Community Center, renovated in 2019, provides various amenities, while the Union County Open Space & Recreation Park connects to the expansive Watchung Reservation. Canoe Brook Country Club offers a more manicured setting with its private 36-hole golf course. Downtown Summit, centered around Springfield Avenue, features a variety of dining options, boutique shops, and historic sites like the Summit Diner and the Summit Opera House. The Summit Farmers Market operates seasonally on Deforest Avenue.
For commuters, Summit has two train stations providing access to New York City, with the downtown station offering a 50-minute ride or a 35-minute express option. Major highways like Route 24 and Interstate 78 facilitate travel within the region, and Newark Liberty International Airport is a convenient 15-minute drive away.
Frequently Asked Questions
Is Summit a good place to live?
Summit is a good place to live, receiving 4.2 stars from its residents. Summit is considered fairly walkable and bikeable with some transit options. Summit is a suburban neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Summit has 7 parks for recreational activities. It is somewhat dense in population with 6.2 people per acre and a median age of 41. The average household income is $186,266 which is above the national average. College graduates make up 70.7% of residents. A majority of residents in Summit are home owners, with 32.5% of residents renting and 67.5% of residents owning their home. A
local real estate agent serving Summit can help you decide if this neighborhood is the right one for you. Learn more on our
Summit neighborhood guide.
Is Summit, NJ a safe neighborhood?
Summit, NJ is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in Summit?
The median home price in Summit is $1,472,500. If you put a 20% down payment of $294,500 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $7,490 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $321K a year to afford the median home price in Summit. The average household income in Summit is $186K.
What are the best public schools in Summit?
The best public schools that serve Summit are:
What are the best private schools in Summit?
The best private schools that serve Summit are:
What are the most popular zip codes in Summit, Summit, NJ?
Home Trends in Summit, NJ
On average, homes in Summit, NJ sell after 23 days on the market compared to the national average of 52 days. The median sale price for homes in Summit, NJ over the last 12 months is $1,525,000, up 18% from the median home sale price over the previous 12 months.
Median Sale Price
$1,525,000
Median Single Family Sale Price
$1,700,108
Median Townhouse Sale Price
$794,250
Median 2 Bedroom Sale Price
$510,000
Average Price Per Sq Ft
$737
Number of Homes for Sale
19
Last 12 months Home Sales
223
Median List Price
$1,472,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
18%