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City · 11,018 residents · Morris County, New Jersey

Lake Hiawatha , New Jersey

In Lake Hiawatha, a typical home is worth $428,600 and typical rent is $1,550 a month. Compared with all of Morris County, the typical home value is 26% lower, typical household income is 24% lower, and the share of households that own their home is 16 points lower.

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  • Typical home value

    $428,600

    26% below the county

    6% below New Jersey

    • Lake Hiawatha
    • Morris
    • New Jersey

  • Typical rent

    $1,550a month

    19% below the county

    10% below New Jersey

    • Lake Hiawatha
    • Morris
    • New Jersey

  • Typical household income

    $104,663a year

    24% below the county

    About the same as New Jersey

    • Lake Hiawatha
    • Morris
    • New Jersey

  • Households that own their home

    59%

    16 points below the county

    5 points below New Jersey

    • Lake Hiawatha
    • Morris
    • New Jersey

Source: U.S. Census Bureau, Average 2020–2024

Lake Hiawatha is in Morris County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Morris County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Lake Hiawatha apart

What this place has that others do not, from public data, most unusual first.

  1. Lake Hiawatha has the smallest share of rent-burdened renters of the 249 cities in New Jersey with more than 5,000 people: 28%.

  2. 59% of households in Lake Hiawatha own their home, against 74% in Morris County.

  3. The typical home in Lake Hiawatha is worth $428,600, 26% less than in Morris County as a whole ($582,500).

  4. The typical household income in Lake Hiawatha is $104,663, 24% less than in Morris County as a whole ($137,326).

  5. The typical rent in Lake Hiawatha is $1,550 a month, 19% less than in Morris County as a whole ($1,904).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Lake Hiawatha

What homes there are in Lake Hiawatha, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Lake Hiawatha, but it weighs less than in Morris County: 56% against 65%.

Year built

The typical home in Lake Hiawatha was built in 1965, 6 years before the typical one in Morris County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,766 a month

Morris County: $3,295 a month

Without a mortgage

$984 a month

Morris County: $1,385 a month

Owners with a mortgage

60%

Morris County: 65%

In Lake Hiawatha, 60% of owners have a mortgage, and their typical cost is $2,766 a month, against $3,295 in Morris County. Without one it drops to $984.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The Census does not compare Lake Hiawatha with 2015–2019 because its boundaries changed. In Morris County, over that time, the typical home value rose 28%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLake HiawathaMorris CountyNew JerseyUnited States
Rental vacancy Unreliable estimate3.3%3.5%5.5%
Homeowner vacancy Unreliable estimate0.5%0.7%0.9%
More than one person per room Unreliable estimate1.7%4.0%3.4%
People per household 2.442.622.622.53
Drive alone 69%66%62%69%
Carpool 8%6%8%9%
Public transit Unreliable estimate3%8%3%
Walk or bike Unreliable estimate2%3%3%
Work from home 18%22%17%15%
Other means Unreliable estimate1%2%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.44 on average, against 2.62 in Morris County.

To get to work, 69% of workers in Lake Hiawatha drive alone; in Morris County, 66%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Lake Hiawatha?

A typical home costs more than the typical income allows

We start with a typical home in Lake Hiawatha, worth $428,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 44% of the typical household income in Lake Hiawatha, which is $104,663 a year. For that payment to be 28% of income, a household would need to earn about $166,124 a year.

The calculator's FHA and conventional loan limits are those of all of Morris County.

Your numbers

Local data
$

Starts at the typical home value in Lake Hiawatha. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $15,001 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,876

at 7.18% · 30 years

Loan amount
$420,837
Total interest
$605,486
Paid off in
November 2056

Includes $7,238 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,442 a month

  • Tight

    $2,442 to $3,140 a month

  • Hard

    more than $3,140 a month

    Your payment · 44%

Compared with the typical household income in Lake Hiawatha ($104,663 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,876
Principal & interest$2,851
Property tax$657
Home insurance$179
FHA mortgage insurance (MIP)$190

You need at least $15,001 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Lake Hiawatha and Morris County

Lake Hiawatha is in Morris County, New Jersey. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Lake Hiawatha's own numbers

Typical home value
$428,600
Typical monthly rent
$1,550
Typical yearly household income
$104,663
Households that own their home
59%
Effective property tax rate
1.84%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Morris County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,209,750
HUD fair market rent, 2 bedrooms
$2,233
Price change over 5 years (FHFA)
+53%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Morris County.

Everything about Morris County

Buying

Buying a home in Lake Hiawatha

A typical home in Lake Hiawatha is worth $428,600: 26% below the county and 6% below New Jersey. With the typical household income in Lake Hiawatha ($104,663 a year), a typical home costs 4.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Lake Hiawatha 4.1 years
  • Morris 4.2 years
  • New Jersey 4.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Morris County

According to FHFA’s house price index, home prices in Morris County rose 68% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Morris County.

Period County New Jersey U.S.
Last year (2025) +5.9% +6.2% +2.9%
5 years (2020–2025) +53% +63% +47%
10 years (2015–2025) +68% +88% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Lake Hiawatha next to Morris County, New Jersey and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Lake Hiawatha $428,600
  • Morris $582,500
  • New Jersey $454,400
  • United States $332,700
Typical monthly rent
  • Lake Hiawatha $1,550
  • Morris $1,904
  • New Jersey $1,720
  • United States $1,413
Typical yearly household income
  • Lake Hiawatha $104,663
  • Morris $137,326
  • New Jersey $103,556
  • United States $80,734
See the full table
Lake Hiawatha next to Morris County and New Jersey
Measure Lake Hiawatha Morris County New Jersey U.S.
Typical home value $428,600 $582,500 $454,400 $332,700
Typical monthly rent $1,550 $1,904 $1,720 $1,413
Typical yearly household income $104,663 $137,326 $103,556 $80,734
Households that own their home 59% 74% 64% 65%
Typical yearly property tax $7,883 $10,001 $9,590 $3,119
Effective property tax rate 1.84% 1.72% 2.11% 0.94%
Renters with high rent for their income 28% 45% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Morris County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Lake Hiawatha

For a typical $428,600 home in Lake Hiawatha, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lake Hiawatha's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,876a month

    Least cash to close
    Down payment
    $15,001
    Cash to close
    $27,859
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $190

  • Conventional, 5% down $3,798a month

    Down payment
    $21,430
    Cash to close
    $34,288
    Rate
    7.18%
    Mortgage insurance
    PMI · $204

  • Conventional, 20% down, no PMI $3,159a month

    Down payment
    $85,720
    Cash to close
    $98,578
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,555a month

    Down payment
    $64,290
    Cash to close
    $77,148
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Lake Hiawatha and for Morris County.

Property tax

Effective rate in Lake Hiawatha

1.84%of the home’s value each year

$7,883 a year for the typical owner in Lake Hiawatha.

  • Lake Hiawatha 1.84%
  • Morris 1.72%
  • New Jersey 2.11%

What New Jersey publishes ANCHOR, Senior Freeze and Stay NJ: one combined application (New Jersey Division of Taxation)

Exemptions and deadlines in New Jersey

Flood risk in Morris County

FEMA does not publish these numbers by city: they are for all of Morris County.

FEMA’s maps count no homes in the high-risk zone in Morris County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Lake Hiawatha

Typical rent in Lake Hiawatha is $1,550 a month: 19% below the county. In Lake Hiawatha, 28% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Morris County, by unit size. To pay the 2-bedroom one ($2,233 a month) without spending more than 30% of your income, you would need to earn $42.94 an hour working full time.

HUD fair market rent for all of Morris County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,637 $31.48 $65,480
1 bedroom $1,850 $35.58 $74,000
2 bedrooms $2,233 $42.94 $89,320
3 bedrooms $2,785 $53.56 $111,400
4 bedrooms $3,188 $61.31 $127,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Lake Hiawatha

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lake Hiawatha is in ZIP code 07034.

For 2 bedrooms it is $1,990: $243 less than the fair market rent for Morris County ($2,233).

  • 07034 $1,990$2,490

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lake Hiawatha when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Lake Hiawatha

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Morris County; none says it serves in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Lake Hiawatha

No down payment, repair or rent-help program on our list is for Lake Hiawatha or Morris County. The ones below are statewide in New Jersey: they work in Lake Hiawatha the same as in the rest of the state.

Which programs do I qualify for? All programs in New Jersey

Housing counselors near Lake Hiawatha

The HUD-approved agencies closest to the center of Lake Hiawatha, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Credit.org - New Jersey Branch

    101 Eisenhower Pkwy, Roseland · 5 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 4 more
    (800) 431-8157

  • Housing Partnership for Morris County

    2 E Blackwell St Ste 12, Dover · 9 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (973) 659-9222

  • Consumer Credit and Budget Counseling, DBA National Foundation for Debt Management

    26 Park St Ste 2000, Montclair · 10 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (727) 755-8558

Every agency in Morris County All counseling agencies in New Jersey

Help in Spanish near Lake Hiawatha

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Lake Hiawatha

HUD’s record names them for Lake Hiawatha or Morris County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Morris County Housing Authority Public housing and Section 8 vouchers (973) 540-0389

4 other authorities have an office in Morris County: see the list Source: HUD

Cities

Other cities in Morris County

These cities are also in Morris County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Morris County Housing in New Jersey
See 14 more cities in Morris County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Lake Hiawatha, with the typical home value.

Neighboring counties

If Morris County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Lake Hiawatha.

All guides
Two girls write and draw together at the living-room table.

Questions

Housing questions about Lake Hiawatha

Short answers with the numbers for Lake Hiawatha and all of Morris County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Lake Hiawatha?

The typical home value in Lake Hiawatha is $428,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Morris County it is $582,500.

How much does it cost to rent in Lake Hiawatha?

Typical rent in Lake Hiawatha is $1,550 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Morris County is $2,233.

What is the FHA loan limit in Lake Hiawatha?

Lake Hiawatha uses the FHA limit for all of Morris County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Lake Hiawatha?

The typical homeowner in Lake Hiawatha pays $7,883 a year, according to the U.S. Census Bureau. That is 1.84% of the home’s value; in Morris County, the rate is 1.72%.

Where can I find free help to buy or rent in Lake Hiawatha?

There is 1 HUD-approved counseling agency with an office in Morris County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).