| ZIP Code | 07034 |
|---|---|
| City | Lake Hiawatha |
| State | New Jersey (NJ) |
| County | Morris County |
| Area Code | 862 |
| Elevation | 210 ft |
| Latitude | 40.87948 |
|---|---|
| Longitude | -74.380104 |
| Timezone | New York (DST) |
| FIPS | 34027 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.3 yrs ↑ 8% since 2019 |
|---|---|
| Avg Household Size | 2.39 |
| Below Poverty | 2.7% ▼ 73% below avg |
| College Grads | 60.8% ▲ 57% above avg |
| Unemployment | 2.4% ▼ 51% below avg |
| No HS Diploma | 166 (2.3%) |
| HS Graduate | 1,732 (23.8%) |
| Some College | 475 (6.5%) |
| Associates | 487 (6.7%) |
| Bachelors | 612 (8.4%) |
| Graduate Degree | 3,814 (52.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $101,500 ▲ 33% above avg ↑ 17% since 2019 |
|---|---|
| Median Home Value | $402,500 ▲ 44% above avg ↑ 23% since 2019 |
| Home/Income Ratio | 4.0x (nat avg ~3.5x) |
| Median Rent | $1,426/mo ↑ 19% since 2019 |
| Total Units | 4,459 |
| Vacant Units | 107 |
| Avg HH Size | 2.39 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 4,459 |
|---|---|
| Vacant | 107 |
| Owner Occupied | 60.8% |
| Renter Occupied | 39.2% |
| Avg HH Size | 2.39 |
ZIP code 07034 is located in Lake Hiawatha, New Jersey, within Morris County. With a population of 10,406, this is a lightly populated ZIP code with a middle-aged community — the median age is 40.3 years. Economically, 07034 is a upper-middle-income ZIP code: the median household income of $101,500 is above the national average.
Real estate in ZIP code 07034 represents a premium housing market. The median home value of $402,500 is above the national average. Renters can expect to pay around $1,426 per month in median rent. Homeownership is strong here — 60.8% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 23% since 2019.
The population of 07034 is racially diverse, with White as the largest group at 49.3%. Residents are highly educated — 60.8% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 2.7%. Household income has grown by 17% since 2019.
The unemployment rate in 07034 stands at 2.4%, which is well below the national average. About 15% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 75%.
Overall, ZIP code 07034 in Lake Hiawatha, NJ is characterized as upper-middle-income, highly educated, a middle-aged community, and predominantly owner-occupied. With 10,406 residents, a median household income of $101,500, and a median home value of $402,500, it offers a clear picture of life in this part of New Jersey.