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market report · 07901
Summit, NJ · 07901
17 active listings$1,550,000 median ask$5,823 est. rent0.4% price/rent
$1,550,000
Median list price
$5,823/mo
Estimated rent
0.4%
Price / rent ratio
17
Listings
FHFA home price index · 2016–2025
50.5% cumulative change over the window. Source: FHFA ZIP-level HPI.
$2.39
Median rent / sqft
6 comps
$693.13
Median sold / sqft
6 comps
—
Walkability
4.4%
Area unemployment
BLS LAUS
Median household income $179,701 · median home value $987,900 · ACS 2024.
Natural-hazard risk Relatively Moderate (FEMA NRI score 72).
19 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
390 Morris Ave, Summit, NJ 07901
Summit, NJ
$395,000$2,692/mo0.7%
768 Springfield Ave, Summit, NJ 07901
Summit, NJ
$589,000$3,406/mo0.6%
26 Mountain Ave, Summit, NJ 07901
Summit, NJ
$1,795,000$9,913/mo0.6%
66 New England Ave, Summit, NJ 07901
Summit, NJ
$565,000$2,981/mo0.5%
8 Fay Pl, Summit, NJ 07901
Summit, NJ
$799,000$3,838/mo0.5%
38 Woodmere Dr, Summit, NJ 07901
Summit, NJ
$1,899,000$8,799/mo0.5%