Summit, Union County, NJ Housing Trends, Rent, Price-to-Rent

Market Summary

Summit, Union County, NJ

Median Home Price Price

$1,239,373 $1.2M

Median Monthly Rent Rent

$2,866 $2.9K

GRM

36.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Trend Insights

Median Rent in Summit, NJ is $2,866, with MoM change +$27 and YoY change +$272 pointing to positive momentum while volatility is low (std $72).

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Metric

Base market Summit, NJ

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Delta vs base

Median rent

$2,866

N/A

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Median price

$1,239,373

N/A

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YoY change

+$272

N/A

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Price-to-rent

36.0x

Data unavailable

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