HomeNew JerseyUnion CountySummit
Summit, New Jersey: commercial real estate data.
Summit is a Census city of 22,705 people across 5.99 square miles of land, in Union County. Median household income is $190,304, 68.3 percent of occupied homes are owned, and the SBA record carries 38 7(a) approvals to borrowers here worth $26.0 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Summit
What Summit is
- Census place typecity
- Land area5.99 sq mi
- Water area0.05 sq mi
- Population per square mile of land3,788
- County holding the largest share of its areaUnion County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Summit
How many people live in Summit
- Population22,705
- Median age41.8
- Population under 185,581
- Share under 1824.6 percent
- Population 65 and over3,305
- Share 65 and over14.6 percent
- Households8,341
- Family households5,896
- Share of households that are families70.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Summit
Income and work in Summit
- Median household income$190,304
- Per capita income$112,787
- Civilian labor force12,285
- Employed11,617
- Unemployed668 plus or minus 261
- Unemployment rate5.4 percent plus or minus 2.1
- Adults 25 and over15,450
- Adults 25 and over with a high school diploma or higher95.3 percent
- Adults 25 and over with a bachelor degree or higher72.5 percent
- Adults 25 and over with a graduate degree36.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Summit
Housing in Summit
- Housing units8,786
- Occupied units8,341
- Vacant units445 plus or minus 207
- Vacancy rate5.1 percent plus or minus 2.3
- Owner occupied5,697
- Renter occupied2,644
- Ownership rate68.3 percent
- Median owner-occupied home value$994,500
- Median gross rent, monthly$2,430
- Annual rent as a share of median income15.3 percent plus or minus 3.1
- Single family units6,189
- Share single family70.4 percent
- Units in buildings of two or more2,587
- Share in buildings of two or more29.4 percent
- Mobile homes10 plus or minus 16
- Median year structure built1953
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Summit
How Summit gets to work
- Workers 16 and over who commute8,557
- Commuting under 15 minutes2,356 plus or minus 590
- Share commuting under 15 minutes27.5 percent plus or minus 6.7
- Commuting 30 minutes or more3,767
- Share commuting 30 minutes or more44.0 percent
- Drove alone46.0 percent
- Carpooled3.3 percent plus or minus 1.5
- Public transport17.6 percent
- Walked6.0 percent plus or minus 2.8
- Worked from home23.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Summit
SBA loans in Summit (7(a))
- Approvals38
- Gross approval$25,986,300
- Average approval$683,850
- Median approval$180,750
- Ninetieth percentile approval$1,668,750
- Largest approval$3,800,000
- Jobs supported244
- Jobs per approval6.4
- Loans with a final outcome6
- Paid in full6
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more10.5 percent
- Share to franchises18.4 percent
- Distinct lenders19
- Distinct industries by NAICS26
Counted by borrower city: approvals to borrowers whose address is in Summit, in any county, FY2020 to FY2026. Only 6 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Summit
SBA loans in Summit (504)
- Approvals2
- Gross approval$642,000
- Average approval$321,000
- Median approval$321,000
- Largest approval$331,000
- Jobs supported20
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Summit, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Summit
Flood risk in Summit
- NFIP communityCity of Summit
- NFIP community number340476
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date09/20/06
The City of Summit participates in the National Flood Insurance Program as community 340476 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Union County, not Summit
Union County context, not Summit figures
- Establishments in Union County14,276
- Covered employment, Union County229,010
- Average annual pay, Union County$84,322
- Housing units permitted, Union County1,696
Every figure in this section is published for Union County as a whole and is not a measurement of Summit.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Summit questions, answered from the record.
How many people live in Summit, New Jersey?
22,705, in 8,341 households. Summit city covers 5.99 square miles of land, which is 3,788 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Summit in?
Union County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Summit?
$190,304. The median owner-occupied home is valued at $994,500. Median gross rent is $2,430 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Summit businesses?
38 7(a) approvals totaling $26.0 m since FY2020, across 19 lenders, median approval $180,750, plus 2 504 approvals worth $642,000 since FY2010. These count approvals to borrowers whose address is in Summit, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Summit borrowers get paid back?
No rate is published for Summit. Only 6 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Summit in the National Flood Insurance Program?
Yes. Summit appears in the FEMA Community Status Book as Summit, city of, community 340476, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Summit figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Union County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Summit.
Is zoning published for Summit?
No. Nothing on this page presents parcel level zoning.