Lake Hiawatha, NJ—07034
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Hiawatha, NJ
As of Oct '25, the median home price in Lake Hiawatha, NJ is $514,000, with a year-over-year change of 4.3%. This indicates that home prices in Lake Hiawatha, NJ are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $514,000 | 4.3% |
| Single Family | $521,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $436,000 | 6.6% |
3 Bed | $535,000 | 5.7% |
4 Bed | $639,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lake Hiawatha, NJ
As of July '25, Rentcast reports the average rent in Lake Hiawatha, NJ is $2,440, with a year-over-year rent change of 8.4%. Per bedroom, the median rent as of July '25 in Lake Hiawatha, NJ is 1-bedrooms: $1,700, 2-bedrooms: $3,020, 3-bedrooms: $3,200, 4-bedrooms: $3,800. The most common rental property sizes in Lake Hiawatha, NJ are 1-bedroom and 2-bedroom, accounting for 74.0% and 19.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,440 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,750 | $1,700 |
| 2 Bed Rent | $2,900 | $3,020 |
| 3 Bed Rent | $3,200 | $3,200 |
| 4 Bed Rent | $3,800 | $3,800 |
% of Rental Stock
Property Listings — Lake Hiawatha, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Hiawatha, NJ is 16. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $586,000 | 9.0% |
Listing Count | 25 | 12.0% |
| Listings as % of Homes | 0.2% | 12.0% |
Days on Market | 16 | 1.0% |
Demographics — Lake Hiawatha, NJ
As of the latest ACS Survey released in 2023, Lake Hiawatha, NJ has a population of 10,400, which has increased by 16.1% over the past 5 years. Lake Hiawatha, NJ is a moderately popular place for families, as children make up 19.7% of the population. The area has a highly educated workforce, with 51.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,400 | 16.1% |
% Under 18 | 19.7% | 6.5% |
% Seniors | 17.3% | 31.1% |
% WFH | 14.6% | 873.3% |
% w/ College Degree | 51.0% | 0.8% |
As of the latest ACS Survey released in 2023, Lake Hiawatha, NJ is a predominantly white area, with 49.3% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Lake Hiawatha, NJ is asian, making up 36.2% of the population. Foreign-born residents account for 38.1% of the population in Lake Hiawatha, NJ, and this percentage has increased by 8.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 49.3% | -9.2% |
% Black | 3.0% | -18.9% |
% Hispanic | 9.3% | -4.1% |
% Asian | 36.2% | 28.8% |
% Foreign Born | 38.1% | 8.5% |
Mortgage and Risk — Lake Hiawatha, NJ
According to HUD data as of 2023, there were 95 mortgage originations in Lake Hiawatha, NJ, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Lake Hiawatha, NJ. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 95 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lake Hiawatha, NJ
As of 2024, the percent of homes in Lake Hiawatha, NJ under the Section 8 program is 2.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lake Hiawatha, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 44 |
Total Units Section 8 | 44 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $1,750 | $1,570 |
| 2 Bedroom | -$1,000 | $2,900 | $1,900 |
| 3 Bedroom | -$810 | $3,200 | $2,390 |
| 4 Bedroom | -$1,080 | $3,800 | $2,720 |
Affordability — Lake Hiawatha, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $514,000 |
| Median Household Income | $102,000 |