2025 Compare Cities Housing:
Chatham borough, NJ vs Summit, NJ

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Highlights
- The median age of a home in Chatham borough is 6.8% older than the median age of a home in Summit.
 Chatham borough, NJSummit, NJUnited States
 Median Home Age73  Unlock42
 Median Home Cost  Unlock$1,053,800$338,100
 Home Appr. Last 12 months12.1%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock29.3%57.0%
 Home Appr. Last 10 yrs.44.3%  Unlock101.1%
 Property Tax Rate  Unlock$30.0$11.0
 Homes Owned78.7%  Unlock57.4%
 Housing Vacant  Unlock5.9%11.2%
 Homes Rented18.3%  Unlock31.4%
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 Avg Rent For Home Or Apartment
 Chatham borough, NJSummit, NJUnited States
 Average Rent  Unlock$2,750$1,840
 Studio Apartment$1,630  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,830$1,180
 2 Bedroom Home or Apartment$2,320  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$2,790$1,860
 4 Bedroom Home or Apartment$3,450  Unlock$2,160
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 Vacant Housing
 Chatham borough, NJSummit, NJUnited States
 Vacant For Rent  Unlock0.4%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock1.4%0.7%
 Vacant Sold0.0%  Unlock0.4%
 Vacant Vacation  Unlock0.7%3.6%
 Vacant Other1.2%  Unlock4.1%
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 Owner-Occupied Housing Value
 Chatham borough, NJSummit, NJUnited States
 Less Than $20,000  Unlock0.3%2.6%
 $20,000 to $39,9990.0%  Unlock2.4%
 $40,000 to $59,999  Unlock0.1%2.8%
 $60,000 to $79,9990.7%  Unlock3.9%
 $80,000 to $99,999  Unlock0.4%4.5%
 $100,000 to $149,9990.3%  Unlock11.3%
 $150,000 to $199,999  Unlock1.1%13.0%
 $200,000 to $299,9991.5%  Unlock20.1%
 $300,000 to $399,999  Unlock5.0%13.6%
 $400,000 to $499,9992.1%  Unlock8.3%
 $500,000 to $749,999  Unlock28.1%9.7%
 $750,000 to $999,99927.6%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock18.7%2.2%
 $1,500,000 to $1,999,9996.0%  Unlock0.8%
 $2,000,000 and over  Unlock9.5%1.1%
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 Housing Units By Year Built
 Chatham borough, NJSummit, NJUnited States
 2015 and Newer0.4%  Unlock0.2%
 2010 to 2014  Unlock2.9%13.6%
 2000 to 20091.5%  Unlock13.6%
 1990 to 1999  Unlock2.4%13.6%
 1980 to 19895.4%  Unlock13.2%
 1970 to 1979  Unlock5.9%14.8%
 1960 to 19694.1%  Unlock13.6%
 1950 to 1959  Unlock28.4%10.0%
 1940 to 194919.5%  Unlock4.7%
 1939 or Earlier  Unlock32.1%12.2%
Reviews for Chatham Borough    3 Reviews

Lovely town, fabulous schools...filled with snooty people concerned most with getting their kids dropped off to school and making their "hot yoga" class. The weather  More

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Over 18 years ago

I can't say enough about the schools in Chatham NJ. They are absolutely amazing, my child is going into 5th grade and has been in this school system since kindergarten.  More

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Over 18 years ago

Great schools, stable community, excellent access to arts & culture, nice small-town feel. But very expensive and the traffic is getting really  More

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Reviews for Summit    5 Reviews

Over 17 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 19 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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