Median home value in zip code 07901 (Summit, NJ) is $1,319,476, up 10.7% year over year. Part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area.

Home Value$1,319,476

YoY Change

+10.7%

Prices rising — worse for buyers.

Affordability

Enter your income for 07901 (Summit).

Income (annual)

Down Payment

$263,895 on $1,319,476

Example: $75,000 household income. Change it above to see your own.

Out of reach124.1% of income

Need $332,400/yr to afford.

PITI$7,756

P/I124.1%

Afford$298K

Gap-$1.02M

P&I $6,672Tax $968Ins $117

6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

07901 is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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