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

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Highlights
- The median age of a home in Summit is 4.4% younger than the median age of a home in Ridgewood.

Housing
 Summit, NJRidgewood, NJUnited States
 Median Home Age687142
 Median Home Cost$1,053,800$898,200$338,100
 Home Appr. Last 12 months12.1%12.7%16.6%
 Home Appr. Last 5 yrs.29.3%39.2%57.0%
 Home Appr. Last 10 yrs.44.3%51.6%101.1%
 Property Tax Rate$30.0$21.8$11.0
 Homes Owned65.5%79.1%57.4%
 Housing Vacant5.9%3.6%11.2%
 Homes Rented28.5%17.3%31.4%
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 Avg Rent For Home Or Apartment
 Summit, NJRidgewood, NJUnited States
 Average Rent$2,750$3,360$1,840
 Studio Apartment$1,550$1,980$1,080
 1 Bedroom Home or Apartment$1,830$2,370$1,180
 2 Bedroom Home or Apartment$2,200$2,750$1,430
 3 Bedroom Home or Apartment$2,790$3,410$1,860
 4 Bedroom Home or Apartment$3,280$4,290$2,160
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 Vacant Housing
 Summit, NJRidgewood, NJUnited States
 Vacant For Rent0.4%0.6%1.9%
 Vacant Rented1.4%0.4%0.4%
 Vacant For Sale1.4%0.6%0.7%
 Vacant Sold0.9%0.4%0.4%
 Vacant Vacation0.7%0.2%3.6%
 Vacant Other1.2%1.4%4.1%
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 Owner-Occupied Housing Value
 Summit, NJRidgewood, NJUnited States
 Less Than $20,0000.3%0.4%2.6%
 $20,000 to $39,9990.0%0.0%2.4%
 $40,000 to $59,9990.1%0.0%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%0.9%11.3%
 $150,000 to $199,9991.1%0.2%13.0%
 $200,000 to $299,9992.1%1.8%20.1%
 $300,000 to $399,9995.0%2.0%13.6%
 $400,000 to $499,9994.9%7.0%8.3%
 $500,000 to $749,99928.1%32.9%9.7%
 $750,000 to $999,99918.7%30.9%3.9%
 $1,000,000 to $1,499,99918.7%15.0%2.2%
 $1,500,000 to $1,999,99910.7%5.8%0.8%
 $2,000,000 and over9.5%3.3%1.1%
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 Housing Units By Year Built
 Summit, NJRidgewood, NJUnited States
 2015 and Newer0.0%0.0%0.2%
 2010 to 20142.9%0.8%13.6%
 2000 to 20092.9%0.8%13.6%
 1990 to 19992.4%1.9%13.6%
 1980 to 19895.3%5.5%13.2%
 1970 to 19795.9%5.7%14.8%
 1960 to 19692.4%1.9%13.6%
 1950 to 195928.4%22.6%10.0%
 1940 to 194910.3%12.1%4.7%
 1939 or Earlier32.1%38.1%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 Ridgewood    6 Reviews

Over 15 years ago

Great place to live and  More

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Over 15 years ago

Ridgewood, a suburb of NYC, is an ideal bedroom community. This well-established upscale community is located 30 minutes from Manhattan (by car), and is easily  More

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Over 17 years ago

One of the most beautiful places to live outside New York  More

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ZIPS IN SUMMIT, NEW JERSEY
07901
ZIPS IN RIDGEWOOD, NEW JERSEY
07450

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