Why Live in Lake Hiawatha
Lake Hiawatha, NJ, a former summer retreat, now serves as a year-round residential community within the Parsippany-Troy Hills Township. The area, once centered around a now largely dried-up lake, features a mix of colonial and ranch-style homes, with new constructions often exceeding $1 million. The housing market is competitive, with properties typically selling quickly. The community is known for its highly-rated schools, including Northvail Elementary School, Central Middle School, and Parsippany Hills High School, which offers a range of athletic and extracurricular activities. Local attractions include the Lake Hiawatha Swim Club, which boasts an Olympic-size pool, and Lake Hiawatha Park, featuring a play area and gazebo. Residents also enjoy Volunteers Park with its picnic areas and skate park. The area is walkable, with a variety of specialty dining options, including Indian and Asian cuisines, and local favorites like Howard’s Bagel and Lake Hiawatha Dairy. Major highways such as NJ-495, US-46, and I-80 provide convenient access to NYC, the Jersey Shore, and Pennsylvania mountains, with a bus service to Manhattan available from the Beverwyck Park and Ride. However, potential buyers should be aware of flood-prone areas within the community.
Home Trends in Lake Hiawatha, NJ
On average, homes in Lake Hiawatha, NJ sell after 17 days on the market compared to the national average of 69 days. The median sale price for homes in Lake Hiawatha, NJ over the last 12 months is $245,000, up 20% from the median home sale price over the previous 12 months.
Median Sale Price
$245,000
Median Single Family Sale Price
$245,000
Number of Homes for Sale
0
Last 12 months Home Sales
9
Median List Price
$245,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
20%