Explore Lake Hiawatha, NJ - Market Insights, Demographics, Crime, Trends & Hotspots

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Median Price
$505,000

Market Insights

Lake Hiawatha's real estate market is experiencing a price correction, with values down 8.2% from last year. Home prices have decreased 2.0% in the past month. With only 4 active listings, inventory is 60% lower than typical for this time of year. Homes are taking about 17 days to sell, which is 3 days longer than this time last year. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (85.7%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Lake Hiawatha market with the affordability index at 267.2. Based on current market indicators, home prices in Lake Hiawatha are projected to decrease by approximately 13.8% over the next month.

Demographics market for - Lake Hiawatha, NJ

Total Population -

9,289

White Population

55.02%

Black Population

3.63%

Mexican0%
Puerto Rican19.70% (1.26% of total population)
Cuban6.57% (0.42% of total population)
Dominican10.94% (0.70% of total population)
Salvadoran0%
Costa Rican0%
Gautemalan0%
Honduran0%
Nicaraguan0%
Panamanian0%
Argentinean0%
Bolivian0%
Chilean19.02% (1.22% of total population)
Colombian25.25% (1.61% of total population)
Ecuadorian1.18% (0.08% of total population)
Peruvian3.20% (0.20% of total population)
Uruguyan14.14% (0.90% of total population)
Venezuelan0%

Indian 369.19% (23.61% of total population)
Bangladeshi 0%
Chinese 38.55% (2.47% of total population)
Bhutanese 0%
Burmese 0%
Filipino 40.07% (2.56% of total population)
Hmong 0%
Indonesian 0%
Japanese 3.70% (0.24% of total population)
Korean 5.22% (0.33% of total population)
Laotian 0%
Malaysian 0%
Mongolian 0%
Nepalese 19.70% (1.26% of total population)
Pakistani 6.23% (0.40% of total population)
Srilankan 0%
Taiwanese 24.07% (1.54% of total population)
Pakistani 6.23% (0.40% of total population)
Srilankan 0%
Taiwanese 24.07% (1.54% of total population)
Thai 0%
Vietnamese 9.60% (0.61% of total population)

Hawaiian0%
Samoan0%
Chamorro0%
Fijian0%
Marshallese0%

Crime for - Lake Hiawatha, NJ

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Real Estate Market Prediction for - Lake Hiawatha, NJ

City Hotspots
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