Summit County, Utah: commercial real estate data.
Summit County, Utah had an estimated 43,109 residents on July 1, 2024, up 1.8 percent since the 2020 census base of 42,361, across 1,872 square miles. County output reached $6.08 bn in 2024, 2,810 establishments operate here, and the SBA record carries 113 7(a) approvals worth $64.6 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 2020-202442,970
- Households15,730
- Average household size2.73
- Median household income$138,114
- Median age41.5
- Median gross rent$1,987 per month
- Median owner-occupied home value$1,067,700
- Home value to household income7.7 times
- Annual rent as a share of median income17.3 percent
- Adults 25 and over with a bachelor degree or higher59.8 percent
- Adults 25 and over with a graduate degree22.8 percent
- Adults 25 and over29,438
- Population under 189,946
- Share under 1823.1 percent
- Population 65 and over6,568
- Share 65 and over15.3 percent
- Working age population, 18 to 6426,456
- Civilian labor force23,707
- Unemployment rate1.8 percent
- Labor force participation, adults 18 and over71.8 percent
- Rank by population among Utah counties10th of 29
- Rank by population among US county-equivalents, Puerto Rico included1148th of 3,222
Summit County is the 10th largest of 29 Utah counties by population. A median home costs 7.7 times median household income, which is severely unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 23.1 percent against 15.3 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, 202443,109
- Census 2020 base population42,361
- Population change since the 2020 census base1.77 percent
- Population change, 2023 to 2024170
- Births, 2024418
- Deaths, 2024207
- Natural change, 2024211
- Net domestic migration, 2024-327
- Net international migration, 2024279
- Total net migration, 2024-48
- Cumulative net domestic migration, 2021 to 2024-949
- Rank by growth among US county-equivalents1253rd of 3,144
The county has grown 1.77 percent since the 2020 census base. Births exceeded deaths in 2024 by more than net migration took away, so the population grew even though more people left than moved in.
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 arriving1,772
- People arriving, from those returns3,069
- Tax returns filed by households leaving2,038
- Net household movement-266
- Adjusted gross income arriving$878.7 m
- Net adjusted gross income movement$440.7 m
- Average income of an arriving household$495,891
- Average income of a leaving household$214,921
- Largest single originSalt Lake County (337 households)
- Largest single destinationSalt Lake County (502 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Salt Lake County | 337 | 522 | $102.5 m |
| Wasatch County | 156 | 340 | $22.5 m |
| Los Angeles County | 58 | 111 | $49.2 m |
| Utah County | 54 | 105 | $5.3 m |
| San Diego County | 47 | 86 | $45.8 m |
| Orange County | 36 | 72 | $54.4 m |
| Cook County | 31 | 55 | $12.9 m |
| Clark County | 29 | 46 | $6.6 m |
Households arriving report $280,970 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 Salt Lake 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$6.08 bn
- County GDP, 2023$5.75 bn
- GDP change, 2023 to 20245.7 percent
- GDP change over five years61.9 percent
- Rank by GDP among the Utah areas BEA publishes7th of 29
- Rank by GDP among the US county areas BEA publishes645th of 3,127
- GDP per resident$141,492
Output grew 5.7 percent in the latest year and 61.9 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 average31,820
- Establishments reporting3,588
- Average annual pay$67,235
- Average weekly wage$1,293
- Accommodation and food services, employment7,328
- Accommodation and food services, average annual pay$43,736
- Arts, entertainment and recreation, employment3,936
- Arts, entertainment and recreation, average annual pay$50,685
- Retail trade, employment3,837
- Retail trade, average annual pay$43,033
- Construction, employment2,891
- Construction, average annual pay$69,429
- Health care and social assistance, employment2,044
- Professional, scientific and technical services, employment1,582
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Accommodation and food services | 7,328 | 224 | $43,736 |
| Arts, entertainment and recreation | 3,936 | 92 | $50,685 |
| Retail trade | 3,837 | 304 | $43,033 |
| Construction | 2,891 | 435 | $69,429 |
| Health care and social assistance | 2,044 | 199 | $68,279 |
| Professional, scientific and technical services | 1,582 | 744 | $136,036 |
| Real estate and rental and leasing | 1,382 | 351 | $79,068 |
| Administrative and support and waste management services | 1,195 | 212 | $65,139 |
Accommodation and food services is the largest private sector at 7,328 jobs, 23.0 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 industries2,810
- Employment at those establishments33,144
- Annual payroll$1.74 bn
- Establishments per 1,000 residents65.4
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, 2024919
- Declared construction value permitted$480.6 m
- Single family units authorized388
- Multifamily units authorized531
- Multifamily share of units57.8 percent
- Average declared value per unit$522,971
- Units authorized per 1,000 households58.4
Multifamily is 57.8 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 recorded113
- 7(a) gross approval dollars$64.6 m
- Average 7(a) approval$571,495
- Median 7(a) approval$200,000
- 10th percentile approval$30,000
- 90th percentile approval$1,395,740
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)1,294
- Jobs per approval11.5
- Distinct 7(a) lenders active34
- Distinct industries receiving approvals68
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer15.0 percent
- Loans on real estate terms17
- Loans on working capital terms, 120 months or shorter89
- Franchise loans9
- Franchise share of approvals8.0 percent
- Leading industry by approval countFull-Service Restaurants (7)
- Most active lenderZions Bank, A Division of (23)
- 504 approvals recorded75
- 504 gross approval dollars$58.8 m
- Average 504 approval$784,027
- Median 504 approval$531,000
- Distinct CDCs active4
- 504 jobs per approval5.3
- 504 jobs per million dollars approved6.8
- Most active CDCMountain West Small Business Finance (48)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$123.4 m
The average approval of $571,495 sits well above the median of $200,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 15.0 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 recorded22
- Paid in full22
- Charged off0
- Status: Paid in full22
- Status: Exempt from disclosure81
- Status: Cancelled6
- Status: Committed, not yet disbursed4
Only 22 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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 lending11
- Park City, approvals81
- Kamas, approvals12
- Francis, approvals5
- Coalville, approvals5
- Oakley, approvals4
- Morgan, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Park City | 81 | $48,516,900 |
| Kamas | 12 | $3,027,300 |
| Francis | 5 | $2,372,500 |
| Coalville | 5 | $1,275,000 |
| Oakley | 4 | $3,177,600 |
| Morgan | 1 | $3,700,000 |
| Henefer | 1 | $1,000,000 |
| Salt Lake City | 1 | $550,000 |
| 3 other borrower cities | 3 | $959,600 |
Park City accounts for 81 approvals against 12 in Kamas. 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 area1,872 sq mi
- Rank by land area among Utah counties18th of 29
- Width, east to west85.8 mi
- Height, north to south48.6 mi
- Geographies sharing a boundary8
- Residents per square mile of land23
- Establishments per square mile1.50
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 490134
- Communities in the county in the NFIP Community Status Book7
- Of those, participating in the NFIP7
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Summit County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Summit County (community 490134), 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 2, a predicted average indoor radon screening level from 2 to 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 2020-202442,970
- Households15,730
- Average household size2.73
- Median household income$138,114
- Median age41.5
Common questions
Summit County questions, answered from the record.
How many people live in Summit County, Utah?
The Census Bureau estimates 43,109 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 42,970, in 15,730 households, ranking 10th of 29 Utah counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Summit County's population growing?
The population has grown 1.77 percent since the 2020 census base of 42,361, to 43,109 on July 1, 2024. In 2024 there were 418 births against 207 deaths, with net migration of -48. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Summit County?
$138,114. The median owner-occupied home is valued at $1,067,700, which is 7.7 times income, and median gross rent is $1,987 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Summit County?
2,810 establishments, employing 33,144 people with an annual payroll of $1.74 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?
Accommodation and food services is the largest private sector at 7,328 jobs, 23.0 percent of covered employment. Covered employment averages 31,820 jobs at an average annual pay of $67,235, or $1,293 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?
113 7(a) approvals totaling $64.6 m since FY2020, across 34 lenders, with a median approval of $200,000, plus 75 504 approvals worth $58.8 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Summit County?
919 housing units were authorized by permit in 2024, with a declared construction value of $480.6 m. Multifamily was 57.8 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Summit County?
Zone 2, a predicted average indoor radon screening level from 2 to 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 Salt Lake County, with 337 households. Arriving households report an average income of $495,891 against $214,921 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.
18 Census places lie wholly or partly in Summit County. All 18 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 |
|---|---|---|---|---|
| Summit Park | CDP | 8,537 | None recorded | Wholly in this county |
| Park City | city | 8,362 | 81 | Wholly in this county |
| Snyderville | CDP | 5,948 | None recorded | Wholly in this county |
| East Basin | CDP | 4,002 | None recorded | Wholly in this county |
| Kamas | city | 2,096 | 12 | Wholly in this county |
| Francis | town | 1,989 | 5 | Wholly in this county |
| Coalville | city | 1,881 | 5 | Wholly in this county |
| Oakley | city | 1,638 | 4 | Wholly in this county |
| Silver Summit | CDP | 1,476 | None recorded | Wholly in this county |
| Hideout | town | 1,253 | None recorded | 12.0 percent here, 88.0 percent Wasatch County |
| Henefer | town | 1,005 | 1 | Wholly in this county |
| Marion | CDP | 830 | None recorded | Wholly in this county |
| Hoytsville | CDP | 800 | None recorded | Wholly in this county |
| Woodland | CDP | 625 | None recorded | Wholly in this county |
| Peoa | CDP | 203 | 1 | Wholly in this county |
| Wanship | CDP | 165 | None recorded | Wholly in this county |
| Echo | CDP | 83 | None recorded | Wholly in this county |
| Samak | CDP | 29 | None recorded | Wholly in this county |
A further 4 of the county's 113 SBA 7(a) approvals are to borrowers in cities that match no Census place in Summit County, the largest being Morgan (1), Salt Lake City (1), American Fork (1). 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.