Summit County, Ohio: commercial real estate data.
Summit County, Ohio has a population of 537,864 across 413 square miles, down 0.4 percent since the 2020 census base. County output reached $40.35 bn in 2024, 13,309 establishments operate here, and the SBA record carries 1,386 7(a) approvals worth $454.2 m.
128 sourced county values · tier FULL · 12 sections
Summit County
How many people live in Summit County
- Population537,864
- Households231,267
- Average household size2.33
- Median household income$71,622
- Median age41.4
- Median gross rent$1,026 per month
- Median owner-occupied home value$208,700
- Home value to household income2.9 times
- Annual rent as a share of median income17.2 percent
- Adults 25 and over with a bachelor degree or higher35.8 percent
- Adults 25 and over with a graduate degree13.4 percent
- Adults 25 and over383,673
- Population under 18111,294
- Share under 1820.7 percent
- Population 65 and over104,607
- Share 65 and over19.4 percent
- Working age population, 18 to 64321,963
- Civilian labor force282,772
- Unemployment rate5.1 percent
- Labor force participation, adults 18 and over66.3 percent
- Rank by population among Ohio counties4th of 88
- Rank by population among US county-equivalents133rd
Summit County is the 4th largest of 88 Ohio counties by population. A median home costs 2.9 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 20.7 percent against 19.4 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Summit County
Is Summit County growing
- Population change since the 2020 census base-0.38 percent
- Census 2020 base population540,413
- Births, 20245,204
- Deaths, 20246,187
- Natural change, 2024-983
- Net domestic migration, 2024-12
- Net international migration, 20242,345
- Total net migration, 20242,333
- Cumulative net domestic migration, 2021 to 2024-2,512
- Rank by growth among US county-equivalents1981st
The county has lost 0.38 percent of its population since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Summit County
Where people moving to Summit County come from
- Tax returns filed by households arriving12,277
- People arriving, from those returns19,675
- Adjusted gross income arriving$1.19 bn
- Net adjusted gross income movement$0
- Average income of an arriving household$97,249
- Largest single originSummit County Non-migrants (219,265 households)
- Largest single destination (219,265 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Summit County Non-migrants | 219,265 | 413,528 | $18.82 bn |
| Other flows - Different State | 2,704 | 4,771 | $222.1 m |
| Cuyahoga County | 2,307 | 3,609 | $156.3 m |
| Stark County | 1,565 | 2,422 | $77.1 m |
| Portage County | 1,461 | 2,214 | $86.5 m |
| Other flows - South | 1,260 | 2,225 | $106.9 m |
| Medina County | 775 | 1,162 | $54.8 m |
| Other flows - Northeast | 536 | 916 | $49.0 m |
The largest single source of arrivals is Summit County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Summit County
What the Summit County economy runs on
- County GDP, 2024$40.35 bn
- County GDP, 2023$38.67 bn
- GDP change, 2023 to 20244.3 percent
- GDP change over five years27.2 percent
- Rank by GDP among Ohio counties4th
- Rank by GDP among US county-equivalents147th
- GDP per resident$75,017
Output grew 4.3 percent in the latest year and 27.2 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Summit County
Who employs people in Summit County
- Covered employment, annual average261,045
- Establishments reporting15,834
- Average annual pay$62,871
- Average weekly wage$1,209
- Sector 62, employment46,269
- Sector 62, average annual pay$64,219
- Sector 44-45, employment26,780
- Sector 44-45, average annual pay$39,704
- Sector 31-33, employment26,777
- Sector 31-33, average annual pay$69,460
- Sector 72, employment22,192
- Sector 72, average annual pay$22,352
- Sector 54, employment14,135
- Sector 48-49, employment13,904
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 46,269 | 1,756 | $64,219 |
| Sector 44-45 | 26,780 | 1,671 | $39,704 |
| Sector 31-33 | 26,777 | 888 | $69,460 |
| Sector 72 | 22,192 | 1,272 | $22,352 |
| Sector 54 | 14,135 | 2,197 | $89,338 |
| Sector 48-49 | 13,904 | 500 | $49,498 |
| Sector 56 | 13,713 | 946 | $43,253 |
| Sector 42 | 12,811 | 1,144 | $81,112 |
The largest sector is the biggest private employer group at 46,269 jobs, 17.7 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Summit County
What businesses operate in Summit County
- Establishments, all industries13,309
- Employment at those establishments249,827
- Annual payroll$14.57 bn
- Establishments per 1,000 residents24.7
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Summit County
What is being built in Summit County
- Housing units authorised by permit, 20241,082
- Declared construction value permitted$245.9 m
- Single family units authorised580
- Multifamily units authorised502
- Multifamily share of units46.4 percent
- Average declared value per unit$227,246
- Units authorised per 1,000 households4.7
Multifamily is 46.4 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Summit County
How much SBA lending happens in Summit County
- 7(a) approvals recorded1,386
- 7(a) gross approval dollars$454.2 m
- Average 7(a) approval$327,722
- Median 7(a) approval$80,000
- 10th percentile approval$20,000
- 90th percentile approval$833,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)10,581
- Jobs per approval7.6
- Distinct 7(a) lenders active71
- Distinct industries receiving approvals277
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer9.0 percent
- Loans on real estate terms125
- Loans on working capital terms, 120 months or shorter1,215
- Franchise loans135
- Franchise share of approvals9.7 percent
- Leading industry by approval countGeneral Freight Trucking, Long-Distance, Truckload (83)
- Most active lenderThe Huntington National Bank (902)
- 504 approvals recorded159
- 504 gross approval dollars$110.8 m
- Average 504 approval$696,761
- Median 504 approval$394,000
- Distinct CDCs active11
- 504 jobs per approval11.8
- 504 jobs per million dollars approved16.9
- Most active CDCCascade Capital Corporation (74)
- 7(a) share of SBA approvals89.7 percent
- Combined SBA approval dollars$565.0 m
The average approval of $327,722 sits well above the median of $80,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 9.0 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Summit County
Do SBA loans in Summit County get paid back
- Loans with a final outcome recorded303
- Paid in full269
- Charged off34
- Charge off rate on resolved loans11.2 percent
- Status: Exempt from disclosure838
- Status: Paid in full269
- Status: Charged off34
- Status: Cancelled162
- Status: Committed, not yet disbursed83
| NAICS | Industry | Resolved loans | Charged off | Charge off rate |
|---|---|---|---|---|
| 484121 | General Freight Trucking, Long-Distance, Truckload | 27 | 1 | 3.7% |
| 722511 | Full-Service Restaurants | 13 | 3 | 23.1% |
| 484110 | General Freight Trucking, Local | 12 | 0 | 0.0% |
| 236118 | Residential Remodelers | 12 | 1 | 8.3% |
| 561730 | Landscaping Services | 10 | 0 | 0.0% |
Of the 303 loans that have reached a final outcome, 11.2 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong. Among industries with at least ten resolved loans, Full-Service Restaurants carries the highest charge off rate at 23.1 percent.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Summit County
Which parts of Summit County get the lending
- Places in the county with recorded lending46
- Akron, approvals490
- Twinsburg, approvals141
- Hudson, approvals97
- CUYAHOGA FALLS, approvals86
- Stow, approvals73
- BARBERTON, approvals68
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Akron | 490 | $162,975,900 |
| Twinsburg | 141 | $47,166,800 |
| Hudson | 97 | $29,699,300 |
| CUYAHOGA FALLS | 86 | $20,686,200 |
| Stow | 73 | $18,405,400 |
| BARBERTON | 68 | $11,902,200 |
| TALLMADGE | 63 | $20,777,900 |
| Macedonia | 49 | $20,465,400 |
Akron accounts for 490 approvals against 141 in Twinsburg. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Summit County
How big is Summit County
- Land area413 sq mi
- Rank by land area among Ohio counties59th of 88
- Width, east to west15.5 mi
- Height, north to south30.7 mi
- Geographies sharing a boundary5
- Residents per square mile of land1,302
- Establishments per square mile32.23
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Summit County
What hazards affect Summit County
- EPA radon zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
- Communities in the NFIP Community Status Book22
- Of those, participating in the NFIP22
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Summit County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Summit County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population537,864
- Households231,267
- Average household size2.33
- Median household income$71,622
- Median age41.4
Common questions
Summit County questions, answered from the record.
How many people live in Summit County, Ohio?
537,864, in 231,267 households, ranking 4th of 88 Ohio counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Summit County growing?
The population has fallen 0.38 percent since the 2020 census base. In 2024 there were 5,204 births against 6,187 deaths, with net migration of 2,333. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Summit County?
$71,622. The median owner-occupied home is valued at $208,700, which is 2.9 times income, and median gross rent is $1,026 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Summit County?
13,309 establishments, employing 249,827 people with an annual payroll of $14.57 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Summit County?
Average annual pay is $62,871, or $1,209 a week, across 261,045 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Summit County?
1,386 7(a) approvals totalling $454.2 m since FY2020, across 71 lenders, with a median approval of $80,000, plus 159 504 approvals worth $110.8 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Summit County get paid back?
Of the 303 loans that have reached a final outcome, 269 were paid in full and 34 charged off, a charge off rate of 11.2 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Summit County?
1,082 housing units were authorised by permit in 2024, with a declared construction value of $245.9 m. Multifamily was 46.4 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Summit County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Summit County come from?
The largest single origin is Summit County Non-migrants, with 219,265 households. Arriving households report an average income of $97,249 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Summit County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Summit County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.