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Affordable
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These days, finding an affordable place to live in the Lake Hiawatha area can be challenging. Home prices in Lake Hiawatha are now at a median cost of $446,584, lower than the New Jersey average of $496,577.
The average cost of rent is $1,573/mo in Lake Hiawatha, primarily driven by the current value of real estate in the Lake Hiawatha area. In Lake Hiawatha, 40.71% of households rent, and 46.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Hiawatha is $9,876 per month. Households that rent pay about 15.93% of their income on rent here. Lake Hiawatha’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Montville, NJ: higher priced homes
- Parsippany, NJ: higher priced homes
- Pine Brook, NJ: higher priced homes
- Boonton, NJ: higher priced homes
- Mountain Lakes, NJ: higher priced homes
- Towaco, NJ: higher priced homes
- Fairfield, NJ: higher priced homes
- Whippany, NJ: higher priced homes
- East Hanover, NJ: higher priced homes
- Lincoln Park, NJ: equally priced homes
Cities with Similar Populations
- Pfafftown, NC: less expensive homes
- Montpelier, VT: less expensive homes
- Morro Bay, CA: higher priced homes
- Moscow, PA: less expensive homes
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- Mount Pleasant, IA: less expensive homes
- Mount Sinai, NY: higher priced homes
- Parsons, KS: less expensive homes
- Paso Robles, CA: higher priced homes
- Pearsall, TX: less expensive homes
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