Summit County, Ohio: commercial real estate data.
Summit County, Ohio had an estimated 538,370 residents on July 1, 2024, down 0.4 percent since the 2020 census base of 540,413, across 413 square miles. County output reached $40.35 bn in 2024, 13,309 establishments operate here, and the SBA record carries 1,386 7(a) approvals worth $454.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Summit County
How many people live in Summit County
- Population, American Community Survey 2020-2024537,864
- Households231,267
- Average household size2.33
- Median household income$71,622
- Median age41.4
- Median gross rent$1,026 per month
- Median owner-occupied home value$208,700
- Home value to household income2.9 times
- Annual rent as a share of median income17.2 percent
- Adults 25 and over with a bachelor degree or higher35.8 percent
- Adults 25 and over with a graduate degree13.4 percent
- Adults 25 and over383,673
- Population under 18111,294
- Share under 1820.7 percent
- Population 65 and over104,607
- Share 65 and over19.4 percent
- Working age population, 18 to 64321,963
- Civilian labor force282,772
- Unemployment rate5.1 percent
- Labor force participation, adults 18 and over66.3 percent
- Rank by population among Ohio counties4th of 88
- Rank by population among US county-equivalents, Puerto Rico included133rd of 3,222
Summit County is the 4th largest of 88 Ohio counties by population. A median home costs 2.9 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 20.7 percent against 19.4 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Summit County
Is Summit County's population growing?
- Population, July 1, 2024538,370
- Census 2020 base population540,413
- Population change since the 2020 census base-0.38 percent
- Population change, 2023 to 20241,351
- Births, 20245,204
- Deaths, 20246,187
- Natural change, 2024-983
- Net domestic migration, 2024-12
- Net international migration, 20242,345
- Total net migration, 20242,333
- Cumulative net domestic migration, 2021 to 2024-2,512
- Rank by growth among US county-equivalents1981st of 3,144
The county has lost 0.38 percent of its population since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Summit County
Where are people moving to Summit County from?
- Tax returns filed by households arriving12,277
- People arriving, from those returns19,675
- Tax returns filed by households leaving12,438
- Net household movement-161
- Adjusted gross income arriving$1.19 bn
- Net adjusted gross income movement$233.7 m
- Average income of an arriving household$97,249
- Average income of a leaving household$77,198
- Largest single originCuyahoga County (2,307 households)
- Largest single destinationCuyahoga County (1,875 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Cuyahoga County | 2,307 | 3,609 | $156.3 m |
| Stark County | 1,565 | 2,422 | $77.1 m |
| Portage County | 1,461 | 2,214 | $86.5 m |
| Medina County | 775 | 1,162 | $54.8 m |
| Franklin County | 315 | 491 | $17.8 m |
| Wayne County | 279 | 451 | $13.2 m |
| Lake County | 191 | 288 | $12.3 m |
| Lorain County | 185 | 278 | $10.0 m |
Households arriving report $20,051 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Cuyahoga County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Summit County
What is the Summit County economy?
- County GDP, 2024$40.35 bn
- County GDP, 2023$38.67 bn
- GDP change, 2023 to 20244.3 percent
- GDP change over five years27.2 percent
- Rank by GDP among the Ohio areas BEA publishes4th of 88
- Rank by GDP among the US county areas BEA publishes147th of 3,127
- GDP per resident$75,017
Output grew 4.3 percent in the latest year and 27.2 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Summit County
Employment by industry in Summit County
- Covered employment, annual average261,045
- Establishments reporting15,834
- Average annual pay$62,871
- Average weekly wage$1,209
- Health care and social assistance, employment46,269
- Health care and social assistance, average annual pay$64,219
- Retail trade, employment26,780
- Retail trade, average annual pay$39,704
- Manufacturing, employment26,777
- Manufacturing, average annual pay$69,460
- Accommodation and food services, employment22,192
- Accommodation and food services, average annual pay$22,352
- Professional, scientific and technical services, employment14,135
- Transportation and warehousing, employment13,904
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 46,269 | 1,756 | $64,219 |
| Retail trade | 26,780 | 1,671 | $39,704 |
| Manufacturing | 26,777 | 888 | $69,460 |
| Accommodation and food services | 22,192 | 1,272 | $22,352 |
| Professional, scientific and technical services | 14,135 | 2,197 | $89,338 |
| Transportation and warehousing | 13,904 | 500 | $49,498 |
| Administrative and support and waste management services | 13,713 | 946 | $43,253 |
| Wholesale trade | 12,811 | 1,144 | $81,112 |
Health care and social assistance is the largest private sector at 46,269 jobs, 17.7 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Summit County
How many businesses are in Summit County?
- Establishments, all industries13,309
- Employment at those establishments249,827
- Annual payroll$14.57 bn
- Establishments per 1,000 residents24.7
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Summit County
Building permits in Summit County
- Housing units authorized by permit, 20241,082
- Declared construction value permitted$245.9 m
- Single family units authorized580
- Multifamily units authorized502
- Multifamily share of units46.4 percent
- Average declared value per unit$227,246
- Units authorized per 1,000 households4.7
Multifamily is 46.4 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Summit County
SBA loans in Summit County (7(a) and 504)
- 7(a) approvals recorded1,386
- 7(a) gross approval dollars$454.2 m
- Average 7(a) approval$327,722
- Median 7(a) approval$80,000
- 10th percentile approval$20,000
- 90th percentile approval$831,500
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)10,581
- Jobs per approval7.6
- Distinct 7(a) lenders active71
- Distinct industries receiving approvals277
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer9.0 percent
- Loans on real estate terms125
- Loans on working capital terms, 120 months or shorter1,215
- Franchise loans135
- Franchise share of approvals9.7 percent
- Leading industry by approval countGeneral Freight Trucking, Long-Distance, Truckload (83)
- Most active lenderThe Huntington National Bank (902)
- 504 approvals recorded159
- 504 gross approval dollars$110.8 m
- Average 504 approval$696,761
- Median 504 approval$394,000
- Distinct CDCs active11
- 504 jobs per approval11.8
- 504 jobs per million dollars approved16.9
- Most active CDCCascade Capital Corporation (74)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$565.0 m
The average approval of $327,722 sits well above the median of $80,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 9.0 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Summit County
SBA loan default and charge-off rates in Summit County
Do SBA loans in Summit County get paid back?
- Loans with a final outcome recorded303
- Paid in full269
- Charged off34
- Charge-off rate on resolved loans11.2 percent
- Status: Exempt from disclosure838
- Status: Paid in full269
- Status: Charged off34
- Status: Cancelled162
- Status: Committed, not yet disbursed83
Of the 303 loans that have reached a final outcome, 11.2 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Summit County
SBA lending by place in Summit County
- Borrower cities with recorded lending46
- Akron, approvals490
- Twinsburg, approvals141
- Hudson, approvals97
- Cuyahoga Falls, approvals86
- Stow, approvals73
- Barberton, approvals68
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Akron | 490 | $162,975,900 |
| Twinsburg | 141 | $47,166,800 |
| Hudson | 97 | $29,699,300 |
| Cuyahoga Falls | 86 | $20,686,200 |
| Stow | 73 | $18,405,400 |
| Barberton | 68 | $11,902,200 |
| Tallmadge | 63 | $20,777,900 |
| Macedonia | 49 | $20,465,400 |
| 38 other borrower cities | 319 | $122,142,900 |
Akron accounts for 490 approvals against 141 in Twinsburg. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Summit County
How large is Summit County?
- Land area413 sq mi
- Rank by land area among Ohio counties59th of 88
- Width, east to west15.5 mi
- Height, north to south30.7 mi
- Geographies sharing a boundary5
- Residents per square mile of land1,302
- Establishments per square mile32.23
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Summit County
Flood risk in Summit County
- Participation of the county's own NFIP community Summit County, unincorporated areasParticipating, community 390781
- Communities in the county in the NFIP Community Status Book22
- Of those, participating in the NFIP22
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Summit County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Summit County (community 390781), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Summit County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, 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 →
Feasibility studies
When a Summit County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Summit County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024537,864
- Households231,267
- Average household size2.33
- Median household income$71,622
- Median age41.4
Common questions
Summit County questions, answered from the record.
How many people live in Summit County, Ohio?
The Census Bureau estimates 538,370 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 537,864, in 231,267 households, ranking 4th of 88 Ohio counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Summit County's population growing?
The population has fallen 0.38 percent since the 2020 census base of 540,413, to 538,370 on July 1, 2024. In 2024 there were 5,204 births against 6,187 deaths, with net migration of 2,333. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Summit County?
$71,622. The median owner-occupied home is valued at $208,700, which is 2.9 times income, and median gross rent is $1,026 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Summit County?
13,309 establishments, employing 249,827 people with an annual payroll of $14.57 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Summit County?
Health care and social assistance is the largest private sector at 46,269 jobs, 17.7 percent of covered employment. Covered employment averages 261,045 jobs at an average annual pay of $62,871, or $1,209 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Summit County?
1,386 7(a) approvals totaling $454.2 m since FY2020, across 71 lenders, with a median approval of $80,000, plus 159 504 approvals worth $110.8 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Summit County get paid back?
Of the 303 loans that have reached a final outcome, 269 were paid in full and 34 charged off, a charge-off rate of 11.2 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Summit County?
1,082 housing units were authorized by permit in 2024, with a declared construction value of $245.9 m. Multifamily was 46.4 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Summit County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Summit County come from?
The largest single origin is Cuyahoga County, with 2,307 households. Arriving households report an average income of $97,249 against $77,198 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Summit County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Summit County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Summit County
Cities and places in Summit.
27 Census places lie wholly or partly in Summit County. All 27 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Akron | city | 189,247 | 490 | Wholly in this county |
| Cuyahoga Falls | city | 50,909 | 86 | Wholly in this county |
| Stow | city | 34,240 | 73 | Wholly in this county |
| Green | city | 27,393 | 6 | Wholly in this county |
| Barberton | city | 24,844 | 68 | Wholly in this county |
| Hudson | city | 23,039 | 97 | Wholly in this county |
| Twinsburg | city | 19,410 | 141 | Wholly in this county |
| Tallmadge | city | 18,335 | 63 | 96.6 percent here, 3.4 percent Portage County |
| New Franklin | city | 13,843 | 11 | Wholly in this county |
| Macedonia | city | 12,152 | 49 | Wholly in this county |
| Norton | city | 11,524 | 18 | Wholly in this county |
| Fairlawn | city | 7,711 | 42 | Wholly in this county |
| Portage Lakes | CDP | 5,913 | None recorded | Wholly in this county |
| Montrose-Ghent | CDP | 5,903 | None recorded | Wholly in this county |
| Reminderville | city | 5,387 | None recorded | Wholly in this county |
| Munroe Falls | city | 5,000 | 15 | Wholly in this county |
| Mogadore | village | 3,806 | 1 | 73.9 percent here, 26.1 percent Portage County |
| Richfield | village | 3,721 | 27 | Wholly in this county |
| Northfield | village | 3,543 | 39 | Wholly in this county |
| Lakemore | village | 2,914 | 1 | Wholly in this county |
| Silver Lake | village | 2,515 | None recorded | Wholly in this county |
| Boston Heights | village | 1,381 | None recorded | Wholly in this county |
| Sawyerwood | CDP | 1,241 | None recorded | Wholly in this county |
| Clinton | village | 1,216 | 7 | Wholly in this county |
| Twinsburg Heights | CDP | 1,144 | None recorded | Wholly in this county |
| Pigeon Creek | CDP | 829 | None recorded | Wholly in this county |
| Peninsula | village | 576 | 24 | Wholly in this county |
A further 128 of the county's 1,386 SBA 7(a) approvals are to borrowers in cities that match no Census place in Summit County, the largest being Copley (44), Uniontown (18), Kent (15). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby