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

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Highlights
- The median age of a home in Summit is 26.5% older than the median age of a home in Mendham borough.
 Summit, NJMendham borough, NJUnited States
 Median Home Age68  Unlock42
 Median Home Cost  Unlock$746,300$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$22.0$11.0
 Homes Owned65.5%  Unlock57.4%
 Housing Vacant  Unlock3.1%11.2%
 Homes Rented28.5%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Summit, NJMendham borough, NJUnited States
 Average Rent  Unlock$2,320$1,840
 Studio Apartment$1,550  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,540$1,180
 2 Bedroom Home or Apartment$2,200  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$2,350$1,860
 4 Bedroom Home or Apartment$3,280  Unlock$2,160
 space1
 Vacant Housing
 Summit, NJMendham borough, NJUnited States
 Vacant For Rent  Unlock1.9%1.9%
 Vacant Rented1.4%  Unlock0.4%
 Vacant For Sale  Unlock0.0%0.7%
 Vacant Sold0.9%  Unlock0.4%
 Vacant Vacation  Unlock0.7%3.6%
 Vacant Other1.2%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Summit, NJMendham borough, NJUnited States
 Less Than $20,000  Unlock0.0%2.6%
 $20,000 to $39,9990.0%  Unlock2.4%
 $40,000 to $59,999  Unlock0.0%2.8%
 $60,000 to $79,9990.4%  Unlock3.9%
 $80,000 to $99,999  Unlock2.0%4.5%
 $100,000 to $149,9990.0%  Unlock11.3%
 $150,000 to $199,999  Unlock0.0%13.0%
 $200,000 to $299,9992.1%  Unlock20.1%
 $300,000 to $399,999  Unlock6.7%13.6%
 $400,000 to $499,9994.9%  Unlock8.3%
 $500,000 to $749,999  Unlock41.5%9.7%
 $750,000 to $999,99918.7%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock10.4%2.2%
 $1,500,000 to $1,999,99910.7%  Unlock0.8%
 $2,000,000 and over  Unlock4.4%1.1%
 space3
 Housing Units By Year Built
 Summit, NJMendham borough, NJUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock5.0%13.6%
 2000 to 20092.9%  Unlock13.6%
 1990 to 1999  Unlock6.2%13.6%
 1980 to 19895.3%  Unlock13.2%
 1970 to 1979  Unlock25.0%14.8%
 1960 to 19692.4%  Unlock13.6%
 1950 to 1959  Unlock11.6%10.0%
 1940 to 194910.3%  Unlock4.7%
 1939 or Earlier  Unlock16.3%12.2%
Transportation
Reviews for Summit    5 Reviews
Abhd · Summit, NJ
Atmosphere
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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myah  · Ann Arbor, MI
Summit
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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James · Summit, NJ
Worth it if you can afford it.
Over 19 years ago

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 Mendham Borough    1 Reviews
Dennis · Ogden, UT
Mendham
Over 19 years ago

Mendham Borough is an attractive small town with some historic buildings. Mendham is populated principally by the very affluent. Parts of the town have genuine mansions,  More

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Learn More About Summit, New Jersey
Overview
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Learn More About Mendham borough, New Jersey
Overview
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