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Lake Hiawatha

Learn about the people, housing, costs and businesses in Lake Hiawatha, New Jersey

Median Home$427,279
Median Rent$1,513/month
Population10,691
Leading IndustriesHealthcare · Arts, Food & Hospitality · Transportation15% healthcare
Home Value Growth⬆⬆⬆+21.0% over 2 years
Young Adults29% of residentsslightly above average
Homeowners57% of occupied units
NotableAmenity Score74/100 · highly walkable area
NotableHigh Incomes$102k/year · top 16% nationally
Lake Hiawatha
NJ

Frequently Asked Questions

What are today's mortgage rates in Lake Hiawatha?

As of today, the 30-year fixed mortgage rate for Lake Hiawatha is approximately 6.904% (6.940% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lake Hiawatha?

The median home value in Lake Hiawatha is $427k. The median monthly rent is $1,513. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Hiawatha?

Home values in Lake Hiawatha have increased 21.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lake Hiawatha?

Based on a typical all-in ownership cost of $1,787/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $77k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Hiawatha is $102k/year.

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What industries drive the economy in Lake Hiawatha?

The largest employment sectors in Lake Hiawatha are public administration (24%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.