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2024 Compare Cities Housing:
Summit, NJ vs Princeton, NJ

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Highlights
- The median age of a home in Summit is 16.2% older than the median age of a home in Princeton.

Housing
 Summit, NJPrinceton, NJUnited States
 Median Home Age685742
 Median Home Cost$1,053,800$868,000$338,100
 Home Appr. Last 12 months12.1%18.4%16.6%
 Home Appr. Last 5 yrs.29.3%45.9%57.0%
 Home Appr. Last 10 yrs.44.3%62.6%101.1%
 Property Tax Rate$30.0$27.6$11.0
 Homes Owned65.5%52.5%57.4%
 Housing Vacant5.9%10.9%11.2%
 Homes Rented28.5%36.6%31.4%
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 Avg Rent For Home Or Apartment
 Summit, NJPrinceton, NJUnited States
 Average Rent$2,750$2,650$1,840
 Studio Apartment$1,550$1,470$1,080
 1 Bedroom Home or Apartment$1,830$1,690$1,180
 2 Bedroom Home or Apartment$2,200$2,220$1,430
 3 Bedroom Home or Apartment$2,790$2,690$1,860
 4 Bedroom Home or Apartment$3,280$2,970$2,160
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 Vacant Housing
 Summit, NJPrinceton, NJUnited States
 Vacant For Rent0.4%1.1%1.9%
 Vacant Rented1.4%0.0%0.4%
 Vacant For Sale1.4%0.5%0.7%
 Vacant Sold0.9%0.2%0.4%
 Vacant Vacation0.7%1.5%3.6%
 Vacant Other1.2%7.6%4.1%
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 Owner-Occupied Housing Value
 Summit, NJPrinceton, NJUnited States
 Less Than $20,0000.3%0.6%2.6%
 $20,000 to $39,9990.0%0.4%2.4%
 $40,000 to $59,9990.1%0.3%2.8%
 $60,000 to $79,9990.4%0.0%3.9%
 $80,000 to $99,9990.4%0.0%4.5%
 $100,000 to $149,9990.0%1.8%11.3%
 $150,000 to $199,9991.1%1.1%13.0%
 $200,000 to $299,9992.1%1.0%20.1%
 $300,000 to $399,9995.0%3.5%13.6%
 $400,000 to $499,9994.9%1.4%8.3%
 $500,000 to $749,99928.1%25.0%9.7%
 $750,000 to $999,99918.7%25.8%3.9%
 $1,000,000 to $1,499,99918.7%21.3%2.2%
 $1,500,000 to $1,999,99910.7%7.6%0.8%
 $2,000,000 and over9.5%10.1%1.1%
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 Housing Units By Year Built
 Summit, NJPrinceton, NJUnited States
 2015 and Newer0.0%0.1%0.2%
 2010 to 20142.9%7.1%13.6%
 2000 to 20092.9%7.1%13.6%
 1990 to 19992.4%8.2%13.6%
 1980 to 19895.3%7.1%13.2%
 1970 to 19795.9%7.9%14.8%
 1960 to 19692.4%8.2%13.6%
 1950 to 195928.4%17.4%10.0%
 1940 to 194910.3%5.0%4.7%
 1939 or Earlier32.1%22.3%12.2%

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Reviews for Summit    5 Reviews

Over 16 years ago

While there seems to be a good amount of cultural activities and diversity in this area, and it is done with the intention that it makes people feel diverse, when they  More

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Over 18 years ago

A very nice town. If you have lots of money to spend on housing and really want to be in Summit then it is worth it. The water and air quality are terrible. And as a  More

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Summit, NJ is a very expensive place to live. But the town does a great job of making it worth every penny. Community activities, train station, quite neighborhoods,  More

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Reviews for Princeton    5 Reviews

Many cities have colleges in them, but Princeton's character and quality of life are very deeply influenced by having such an outstanding school contributing to all  More

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Over 15 years ago

police are very quick to respond and resolve crime problems. very safe place to live. when you feel safe, all other issues are  More

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You'll never lose on a real estate investment in Princeton. It has that cache that people always desire. McCarter Theatre, University concerts, fine dining, great  More

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ZIPS IN SUMMIT, NEW JERSEY
07901
ZIPS IN PRINCETON, NEW JERSEY
08540 08542

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