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Lake Hiawatha CDP, NJ

ZIP 07034 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07034

Median Home Value
$402,500
Median Rent
$1,419
Affordability Snapshot
$111,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,586/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

23.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07034 in Lake Hiawatha CDP, NJ, a household would need roughly $111,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,586. That is roughly in line with the local median household income ($101,500). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
60.8%-7% vs US avg
x
Vacancy Rate
2.4%-77% vs US avg
x
Broadband Access
95.3%+10% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
11.3%-12% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
11.3%-77% vs US avg
x
Mortgage-Free
39.6%+4% vs US avg
x
$402,500
Home Value
$1,419
Rent
1965
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached56.2%
  • 1-unit attached1.7%
  • 2-9 units11.5%
  • 10+ units30.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$402,500
Median rent$1,419
Owner-occupied60.8%
Vacant2.4%
Price-to-income4.0x
Est. income to buy$111,000