The housing market in Lake Hiawatha, NJ (07034) is currently thriving and has a median value of $410,800. This is significantly higher than the US House Median Value of $338,100, indicating that homes in this area could be more expensive than elsewhere in the country. Additionally, the US 1 year House Appreciation rate is 8.27%, while Lake Hiawatha's house appreciation rate over the last year has been 10.07%. Therefore, those looking to invest in real estate or purchase a home would do well to consider this location as an option due to its high median value and higher-than-average appreciation rate over time.
The median home cost in Lake Hiawatha (zip 07034) is $410,800. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Lake Hiawatha (zip 07034) is up 13.9%.
Average Age of Homes
- The median age of Lake Hiawatha (zip 07034) real estate is 55 years old
The Rental Market in Lake Hiawatha (zip 07034)
- Renters make up 28.4% of the Lake Hiawatha (zip 07034) population
- 1.4% of houses and apartments in Lake Hiawatha (zip 07034), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.