Median home value: $1300K (+9.9% YoY). Rent: $3,052/mo. Price-to-rent: 35.5x. Part of New York-Newark-Jersey City, NY-NJ-PA.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, New York-Newark-Jersey City, NY-NJ-PA metro page.
Home Value$1,299,787
+9.9%
Rent$3,052/mo
AFFORDABILITYRenting $5,974/mo cheaper ($3,052 rent)6.00% 30yr, 20% down, county tax + NJ ins. 28% per HUD.
Enter your income for Summit.
$259,957 on $1,299,787
Out of reach — 144.4% of income
Need $386,829/yr to afford.
PITI$9,026
P/I144.4%
Afford$252K
Gap-$1048K
P&I $6,234Tax $2,675Ins $117
Home Buying Kit For Dummies (2025)Financing, negotiation, closing