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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lake Hiawatha, NJ Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lake Hiawatha, NJ Housing Market Trends

With 10,194 people, 4,158 houses or apartments, and a median cost of homes of $520,127, Lake Hiawatha real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lake Hiawatha, accounting for 55.35% of the town's housing units. Other types of housing that are prevalent in Lake Hiawatha include large apartment complexes or high rise apartments ( 36.24%), duplexes, homes converted to apartments or other small apartment buildings ( 6.52%), and a few row houses and other attached homes ( 1.89%).

People in Lake Hiawatha primarily live in small (one, two or no bedroom) single-family detached homes. Lake Hiawatha has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lake Hiawatha's housing was primarily built during this period, from the '40s through the '60s. A full 51.93% of the town's housing hails from this era. Other housing ages represented in Lake Hiawatha include homes built between 1970-1999 ( 35.27%) and housing constructed before 1939 ( 9.36%). There's also some housing in Lake Hiawatha built between 2000 and later ( 3.45%).

Lake Hiawatha Home Appreciation Rates

Lake Hiawatha's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lake Hiawatha during the period has been just 4.87%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Lake Hiawatha's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Lake Hiawatha's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New Jersey, our data show that Lake Hiawatha's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.

Average Home Values

Median Home Value

$520,127

Lake Hiawatha, NJ Home Prices
> $1,254,000
$940,001 - $1,254,000
$627,001 - $940,000
$501,001 - $627,000
$376,001 - $501,000
$251,001 - $376,000
$125,001 - $251,000
$63,001 - $125,000
$0 - $63,000
0.1%
0.1%
1.3%
1.3%
19.5%
19.5%
29.2%
29.2%
20.9%
20.9%
20.4%
20.4%
7.5%
7.5%
0.1%
0.1%
1.0%
1.0%
0% 100.0%
% of Homes
Average

for New jersey

Very High

for nation

Number of Homes And Apartments:

4,158

Lake Hiawatha Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,624 / per month

Homeownership Rate

Owners
Renters
59.6%
59.6%
40.4%
40.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.2%
3.2%
96.8%
96.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.4%
3.4%
35.3%
35.3%
51.9%
51.9%
9.4%
9.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.4%
55.4%
1.9%
1.9%
6.5%
6.5%
36.2%
36.2%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
36.8%
36.8%
18.8%
18.8%
25.0%
25.0%
16.4%
16.4%
1.4%
1.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Lake Hiawatha

Zip Codes in Lake Hiawatha, NJ