Interested in purchasing investment houses in the 07901 zip code in Summit, NJ?
The zip code 07901 is in Union county with a latitude of -74.365920000000 and longitude of 40.714680000000, is in the state of New Jersey. The average asking price of houses and condos is $1,094,629.00 and the average sale price was $873,169.00. this regions is classified as the New York City metro area and is in the 908 area code. The location in degrees is 40° 42' 52.848" N, 74° 21' 57.312" W. The county F.I.P.S. is 34039. This zip code contains two cities including Summit, NJ (94.77%), and New Providence, NJ (3.84%) The total land area is 6.3 square miles and the water area is 0.1 square miles. The elevation in this area is 246 - 364 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 07901 is in county number 035 and is L. Sector 99, L. Segment 49, H. Sector 49, and H. Segment 49. The population was 23,824 in 2019 and 22,806 in 2010. This further breaks down to 11,315 males (47.5%) and 12,509 females (52.5%). The median age of residents is 40.5 years. The population of the greater New York-Northern New Jersey-Long Island, NY-NJ-PA area is 19,113,505. The population density (people per square mile) is 3,764. This zip code has a combined total of 8,879 houses and condos. There are 2,710 rented appartments. 32% of residents rent versus the 32% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $276,338 and the average salary is $221,350. The median household income of individuals is $123,686.00 and the average is $359,120.00. This zip code has a mean commute time to work of 38.5 minutes. The unemployment rate is 4.5%. Income earners by percent breakdown as 18.70% (Under $50,000), 21.10% ($50,000-$100,000), and 60.20% earn over $100,000. 4.0% of residents live below poverty line versus the 9.2% in the state that are below this line. The cost of living index is 118.9. The educational breakdown is 98.1% have a high school education or higher, 73.8% have a bachelor's degree or higher, and 37.0% have some kind of profesional degree.
This area has 8,257 households and the average size is 2.8 people. Individuals who are single and have never been married are 27.1%, 61.1% are now married, 1.0% are separated, 4.4% are widowed, and 6.3% are divorced. The average yearly contribution amount given by people to charity was $11,623 versus the state average of $3,451. The percent of residents who gave to charity was 50.8%.
The estimated median value of houses and condos is $960,673. The median monthly owner costs of mortgage holders was $4,036, where as the costs for those who don't have a mortgage are $1,516. The median number of rooms in houses and condos are 8.4 versus apartments which had a median number of 4.3.
The real estate tax percent rate is 1.1% which equated to an average real estate tax amount payment of $10,434. In comparision, the average real estate tax percent rate in the state is 2.4% which equated to an average real estate tax amount payment in the state of $8,432. The median housing property tax percent for residents with mortgages was 1.0% which amounted to an average tax amount of $10,433. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.1% which amounted to an average tax amount of $10,476. Reported taxable interest for persons was $8,505, dividends $22,345, capital gains +$62,487, and itemized deductions $82,195. The average earned income tax credit is $1,883. The percent of individuals that use a tax preparer is 68.7%. The total average income taxes paid by individuals was $53,010. Businesses reported an average profit of $37,244.
Roots Steakhouse
401 Springfield Ave, Summit, NJ 07901
Fin Raw Bar and Kitchen
37 Maple St, Summit, NJ 07901
Bonji Bowls
412-414 Springfield Ave, Summit, NJ 07901
Fiorino Ristorante & Bar
38 Maple St, Summit, NJ 07901
La Focaccia
523 Morris Ave, Summit, NJ 07901
La Pastaria
327 Springfield Ave, Summit, NJ 07901
Village Trattoria - Summit
103 Summit Ave, Summit, NJ 07901
Marco Polo Restaurant
527 Morris Ave, Summit, NJ 07901
Summit Thai Cuisine
34 Maple St, Summit, NJ 07901
Sushi Palace
33 Union Pl, Summit, NJ 07901
Jenny's Japanese Cuisine
447 Springfield Ave, Summit, NJ 07901
Ani Ramen House
427 Springfield Ave, Summit, NJ 07901
Taka Sushi Restaurant
95 Summit Ave, Summit, NJ 07901
Fujiyama Restaurant
447 Springfield Ave Ste 11, Summit, NJ 07901
Sunny Asia
519 Morris Ave, Summit, NJ 07901
Piattino: A Neighborhood Bistro
67 Union Pl, Summit, NJ 07901
Office Tavern & Grill
61 Union Pl, Summit, NJ 07901
Summit House
395 Springfield Ave, Summit, NJ 07901
Summit Diner
1 Union Pl, Summit, NJ 07901
The Eatery
447 Springfield Ave, Summit, NJ 07901
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