Summit County, Utah: commercial real estate data.
Summit County, Utah has a population of 42,970 across 1,872 square miles, up 1.8 percent since the 2020 census base. County output reached $6.08 bn in 2024, 2,810 establishments operate here, and the SBA record carries 113 7(a) approvals worth $64.6 m.
122 sourced county values · tier FULL · 11 sections
Summit County
How many people live in Summit County
- Population42,970
- Households15,730
- Average household size2.73
- Median household income$138,114
- Median age41.5
- Median gross rent$1,987 per month
- Median owner-occupied home value$1,067,700
- Home value to household income7.7 times
- Annual rent as a share of median income17.3 percent
- Adults 25 and over with a bachelor degree or higher59.8 percent
- Adults 25 and over with a graduate degree22.8 percent
- Adults 25 and over29,438
- Population under 189,946
- Share under 1823.1 percent
- Population 65 and over6,568
- Share 65 and over15.3 percent
- Working age population, 18 to 6426,456
- Civilian labor force23,707
- Unemployment rate1.8 percent
- Labor force participation, adults 18 and over71.8 percent
- Rank by population among Utah counties10th of 29
- Rank by population among US county-equivalents1148th
Summit County is the 10th largest of 29 Utah counties by population. A median home costs 7.7 times median household income, which is a stretched ownership market and usually shows up as rental demand. Residents under 18 outnumber those 65 and over, at 23.1 percent against 15.3 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 base1.77 percent
- Census 2020 base population42,361
- Births, 2024418
- Deaths, 2024207
- Natural change, 2024211
- Net domestic migration, 2024-327
- Net international migration, 2024279
- Total net migration, 2024-48
- Cumulative net domestic migration, 2021 to 2024-949
- Rank by growth among US county-equivalents1253rd
The county has grown 1.77 percent since the 2020 census base. Births exceeded deaths in 2024 but more people left than arrived, so the population is being sustained internally rather than attracting.
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 arriving1,772
- People arriving, from those returns3,069
- Adjusted gross income arriving$878.7 m
- Net adjusted gross income movement$0
- Average income of an arriving household$495,891
- Largest single originSummit County Non-migrants (17,317 households)
- Largest single destination (17,317 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Summit County Non-migrants | 17,317 | 36,625 | $6.35 bn |
| Other flows - Different State | 875 | 1,464 | $492.8 m |
| Salt Lake County | 337 | 522 | $102.5 m |
| Other flows - West | 317 | 523 | $196.7 m |
| Other flows - South | 295 | 509 | $152.4 m |
| Other flows - Northeast | 161 | 249 | $99.1 m |
| Wasatch County | 156 | 340 | $22.5 m |
| Other flows - Midwest | 102 | 183 | $44.6 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$6.08 bn
- County GDP, 2023$5.75 bn
- GDP change, 2023 to 20245.7 percent
- GDP change over five years61.9 percent
- Rank by GDP among Utah counties7th
- Rank by GDP among US county-equivalents645th
- GDP per resident$141,492
Output grew 5.7 percent in the latest year and 61.9 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 average31,820
- Establishments reporting3,588
- Average annual pay$67,235
- Average weekly wage$1,293
- Sector 72, employment7,328
- Sector 72, average annual pay$43,736
- Sector 71, employment3,936
- Sector 71, average annual pay$50,685
- Sector 44-45, employment3,837
- Sector 44-45, average annual pay$43,033
- Sector 23, employment2,891
- Sector 23, average annual pay$69,429
- Sector 62, employment2,044
- Sector 54, employment1,582
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 72 | 7,328 | 224 | $43,736 |
| Sector 71 | 3,936 | 92 | $50,685 |
| Sector 44-45 | 3,837 | 304 | $43,033 |
| Sector 23 | 2,891 | 435 | $69,429 |
| Sector 62 | 2,044 | 199 | $68,279 |
| Sector 54 | 1,582 | 744 | $136,036 |
| Sector 53 | 1,382 | 351 | $79,068 |
| Sector 56 | 1,195 | 212 | $65,139 |
The largest sector is the biggest private employer group at 7,328 jobs, 23.0 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 industries2,810
- Employment at those establishments33,144
- Annual payroll$1.74 bn
- Establishments per 1,000 residents65.4
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, 2024919
- Declared construction value permitted$480.6 m
- Single family units authorised388
- Multifamily units authorised531
- Multifamily share of units57.8 percent
- Average declared value per unit$522,971
- Units authorised per 1,000 households58.4
Multifamily is 57.8 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 recorded113
- 7(a) gross approval dollars$64.6 m
- Average 7(a) approval$571,495
- Median 7(a) approval$200,000
- 10th percentile approval$30,000
- 90th percentile approval$1,400,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)1,294
- Jobs per approval11.5
- Distinct 7(a) lenders active34
- Distinct industries receiving approvals68
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer15.0 percent
- Loans on real estate terms17
- Loans on working capital terms, 120 months or shorter89
- Franchise loans9
- Franchise share of approvals8.0 percent
- Leading industry by approval countFull-Service Restaurants (7)
- Most active lenderZions Bank, A Division of (23)
- 504 approvals recorded75
- 504 gross approval dollars$58.8 m
- Average 504 approval$784,027
- Median 504 approval$531,000
- Distinct CDCs active4
- 504 jobs per approval5.3
- 504 jobs per million dollars approved6.8
- Most active CDCMountain West Small Business Finance (48)
- 7(a) share of SBA approvals60.1 percent
- Combined SBA approval dollars$123.4 m
The average approval of $571,495 sits well above the median of $200,000, 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 15.0 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 recorded22
- Paid in full22
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Paid in full22
- Status: Exempt from disclosure81
- Status: Cancelled6
- Status: Committed, not yet disbursed4
Of the 22 loans that have reached a final outcome, 0.0 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.
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 lending11
- Park City, approvals81
- KAMAS, approvals12
- FRANCIS, approvals5
- COALVILLE, approvals5
- OAKLEY, approvals4
- South Jordan, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Park City | 81 | $48,516,900 |
| KAMAS | 12 | $3,027,300 |
| FRANCIS | 5 | $2,372,500 |
| COALVILLE | 5 | $1,275,000 |
| OAKLEY | 4 | $3,177,600 |
| South Jordan | 1 | $350,000 |
| Salt Lake City | 1 | $550,000 |
| MORGAN | 1 | $3,700,000 |
Park City accounts for 81 approvals against 12 in KAMAS. 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 area1,872 sq mi
- Rank by land area among Utah counties18th of 29
- Width, east to west85.8 mi
- Height, north to south48.6 mi
- Geographies sharing a boundary6
- Residents per square mile of land23
- Establishments per square mile1.50
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.
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.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- 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.
- Population42,970
- Households15,730
- Average household size2.73
- Median household income$138,114
- Median age41.5
Common questions
Summit County questions, answered from the record.
How many people live in Summit County, Utah?
42,970, in 15,730 households, ranking 10th of 29 Utah counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Summit County growing?
The population has grown 1.77 percent since the 2020 census base. In 2024 there were 418 births against 207 deaths, with net migration of -48. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Summit County?
$138,114. The median owner-occupied home is valued at $1,067,700, which is 7.7 times income, and median gross rent is $1,987 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Summit County?
2,810 establishments, employing 33,144 people with an annual payroll of $1.74 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 $67,235, or $1,293 a week, across 31,820 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?
113 7(a) approvals totalling $64.6 m since FY2020, across 34 lenders, with a median approval of $200,000, plus 75 504 approvals worth $58.8 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Summit County get paid back?
Of the 22 loans that have reached a final outcome, 22 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Summit County?
919 housing units were authorised by permit in 2024, with a declared construction value of $480.6 m. Multifamily was 57.8 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Summit County?
Zone 2, a predicted average indoor radon screening level from 2 to 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 17,317 households. Arriving households report an average income of $495,891 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.