House Prices

Franklin Area Summit, NJ House Prices & Home Values 2026


Average Data

average house price$739,328
average size per house2111 ft²
average price per ft²381 $ / ft²

05/21/2026 - The value range (VR) for house prices in Franklin Area Summit, NJ is $361.95/ sqft to $400.05/ sqft. An average home with 2111 sqft costs approximately $829,788 to $917,134. Summit, NJ includes 1 ZIP codes and it is located in Union county. The lowest prices are found in ZIP 07901, while the highest are in ZIP 07901. The average price per sqare feet is $381. Our analysis is based on 5 property listings.

Avergage prices by ZIP codes Franklin Area Summit

07901486 $ / ft²




Historical development of home values in Franklin Area Summit

Year Estimated value (USD) Change vs. 2025
2010 $343,357 -53.6%
2011 $330,080 -55.4%
2012 $329,191 -55.5%
2013 $341,495 -53.8%
2014 $358,476 -51.5%
2015 $376,874 -49.0%
2016 $396,542 -46.4%
2017 $417,945 -43.5%
2018 $441,051 -40.3%
2019 $461,502 -37.6%
2020 $485,360 -34.4%
2021 $552,044 -25.3%
2022 $643,560 -13.0%
2023 $678,663 -8.2%
2024 $717,925 -2.9%
2025 $739,328 0.0%

Graph: estimated home values in Franklin Area Summit over time (USD)



Example: 100% financing house in Franklin Area Summit

Loan amount: $739,328

Interest rate: 6.52%

Fixed monthly payment: $4,680.84

Breakdown in the 1st month:
Interest portion: $4,014.55  –  Principal portion: $666.29

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $47,931.45 $8,238.60 $731,089.40
2 $47,378.30 $8,791.76 $722,297.64
3 $46,788.01 $9,382.05 $712,915.59
4 $46,158.08 $10,011.98 $702,903.61
5 $45,485.86 $10,684.20 $692,219.41
6 $44,768.50 $11,401.55 $680,817.86
7 $44,002.99 $12,167.07 $668,650.79
8 $43,186.07 $12,983.99 $655,666.80
9 $42,314.30 $13,855.76 $641,811.04
10 $41,384.00 $14,786.05 $627,024.99
11 $40,391.24 $15,778.81 $611,246.17
12 $39,331.83 $16,838.23 $594,407.94
13 $38,201.28 $17,968.78 $576,439.17
14 $36,994.83 $19,175.23 $557,263.94
15 $35,707.37 $20,462.69 $536,801.25
16 $34,333.47 $21,836.59 $514,964.66
17 $32,867.33 $23,302.73 $491,661.93
18 $31,302.74 $24,867.31 $466,794.62
19 $29,633.11 $26,536.95 $440,257.67
20 $27,851.37 $28,318.68 $411,938.99
21 $25,950.01 $30,220.05 $381,718.94
22 $23,920.99 $32,249.07 $349,469.87
23 $21,755.73 $34,414.33 $315,055.54
24 $19,445.10 $36,724.96 $278,330.58
25 $16,979.32 $39,190.74 $239,139.85
26 $14,347.99 $41,822.07 $197,317.78
27 $11,539.99 $44,630.07 $152,687.71
28 $8,543.45 $47,626.61 $105,061.10
29 $5,345.72 $50,824.34 $54,236.77
30 $1,933.29 $54,236.77 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Franklin Area Summit, NJ


1500 sqft3900 sqft
Ø selling price$750,986$1,597,551
Ø fast selling$682,714$1,437,796
Ø high price sale$819,257$1,757,306

In 2026, houses in Franklin Area Summit, NJ will be offered at an average price of $381 per square foot. A 1,500 sqft home priced at $750,986 is 24.98% more expensive per square foot than a 3,900 sqft home priced at $1,597,551. Home prices in Franklin Area Summit, NJ vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $1,105,997. Sellers who can wait longer may achieve a higher price of up to $1,351,774.

FAQ – Home Values in Franklin Area Summit

What is the median home value in Franklin Area Summit in 2026?

In 2026, the typical home value in Franklin Area Summit is about $739,328 for an average home size of 2111 square feet. This corresponds to an average price of roughly $381 per square foot.

What is the average cost per square foot in Franklin Area Summit?

In 2026, homes in Franklin Area Summit sell for an average of around $381 per square foot, with a typical range between $361.95 and $400.05 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Franklin Area?

The average home size in Franklin Area Summit is about 2111 square feet, with an estimated 2026 value around $739,328.



Neighborhoods close to Franklin Area Summit, NJ

Spring Ridge Basking Ridge, NJ271 $ / ft²
Pluckemin Bedminster, NJ259 $ / ft²
Peppertown Berkeley Heights, NJ262 $ / ft²
Brass Castle Washington, NJ200 $ / ft²
Succasunna Hills Succasunna, NJ255 $ / ft²
Lake Mohawk Sparta, NJ192 $ / ft²
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