Suburban Neighborhood in Parsippany-Troy Hills, New Jersey
Morris County 07034
$525,213Average Value$404Average Price per Sq Ft7Homes For Sale
Former lake community turned year-round suburb
A bygone summer retreat in the early 20th century, Lake Hiawatha is now home to year-round residents and maintains a residential, small-town feel. Contrary to its name, however, the area’s namesake lake has largely dried up. As a community within the vast Parsippany-Troy Hills Township, there’s a nearby reservoir, the Rockaway River, and other manmade lakes in the area. “It used to be seasonal living with bungalows and small homes, but the majority are being sold to builders because the value has gone up. Homes are getting bigger with new constructions, mainly colonials, over $1 million,” says Jennifer Pickett, a real estate agent with Compass who has sold several homes in the area. “There are also a lot of multi-generational families in the area, maybe 75 percent,” she adds.
The Rockaway river feeds into Lake Hiawatha's namesake lake.
You can find large colonial homes on Boonton Reservoir in Lake Hiawatha.
1/2
Colonial and ranch-style homes with new construction
Buyers will encounter very limited stock in the area, and when a house does go up for sale, it typically gets snagged within a couple weeks. The market primarily consists of renovated midcentury properties, including split-level homes, quaint Cape Cods, colonial-style residences, and an impressive range of ranch-style properties. The median price is around $500,000 for a single-family home, but can go for $750,000 and up for newer, larger properties. One-bedroom condos go as low as $205,000. Averaging around 1,5000 square-feet, home sizes tend to be a bit smaller than the national average. “Houses are also a little bit closer together, but more affordable than neighboring Lake Parsippany,” Pickett says.
Most homes in Lake Hiawatha are colonial style with vinyl siding.
Ranch homes, large and small, can be found throughout Lake Hiawatha.
1/2
A-rated schools with extracurricular activities
Parsippany-Troy Hills Township School District has highly-rated schools that attract many families. Elementary school students can attend Northvail Elementary School and Central Middle School, which both receive an A rating on Niche. Parsippany Hills High School, an A-plus-rated school that's ranked number six in the county, has a great range of athletic, academic, and extracurricular activities and programming.
Northvail School is one of the options for elementary students in Lake Hiawatha.
Students of Parsippany High School get to enjoy the extensive sporting fields.
1/2
Popular swim club and recreation areas
Lake Hiawatha Swim Club has an Olympic-size swimming pool, a wading pool for young swimmers, diving boards and a waterslide. Residents also play volleyball and tennis with neighbors and enjoy live music, bonfires and movie nights. Next to the swim club is Lake Hiawatha Park, which has a large play area for kids and a small gazebo. At Volunteers Park, locals enjoy picnics in the grass, while some head to the skate park and athletic fields. For nature-immersion, residents head to nearby Lake Parsippany: “The township is all connected, and Lake Parsippany, which is only a five-to-10 minute drive away, has canoeing and swimming,” says Pickett.
Take a swim at the Lake Hiawatha Swim Club.
Veterans Memorial Park lies just south of the Boonton Reservoir in Lake Hiawatha.
1/2
Walkable streets and specialty dining
“People buy here because things are walkable. There’s a stretch of stores with specialty foods, including Indian and Asian cuisines,” says Pickett. Residents stroll along sidewalks past mom-and-pop restaurants, dentist offices and small businesses like a comic book store, hair parlors and nail salons. Lake Hiawatha, like the entire township, has many Indian restaurants, including the Bollywood Grill and Vaishnav thali. Like any true Jersey community, there's at least one bagel shop within reach. Residents stop into Howard’s Bagel for their well-loved Taylor ham, egg and cheeses. Lake Hiawatha Dairy serves up homemade seasonal ice cream with fun flavors.
Residents of Lake Hiawatha can walk to the local shops downtown,
Outstanding Afghan and Mediterranean food can be found at Kabab Paradise in Lake Hiawatha.
1/2
Major interstates and a bus to Manhattan
Residents can access several major highways, including NJ-495, US-46 and I-80, to get to NYC, the Jersey Shore or the Pennsylvania mountains. At the Beverwyck Park and Ride, locals can park their car and easily hop on a bus to Manhattan. “A lot of people take a bus to the city, which is about 45 minutes,” says Pickett. Interstate 80 and Interstate 287 converge in the middle of the township, while Route 10 and Route 46 are accessible from the interstates.
The Lake Hiawatha neighborhood is right near the junction of Routes 80 and 287.
Lake Hiawatha residents take advantage of the Beverwyck Park and Ride to get to the city.
1/2
Things to know
“Lake Hiawatha has a lot of flood areas, but it really depends on the section,” says Pickett. Also, despite the name, there is no longer a large namesake lake in the neighborhood, but several others can be found within the boundaries of the township.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Roy Castro,
an experienced agent in this neighborhood.
Parks in this Area
Smith Field
Chief Hiawatha Park Gazebo
Volunteer's Park
Veterans Memorial Park
Druid Hill Park
Municipal Fields
Baseball/Softball
Picnic Area
Parking Lot
Transit
Airport
Newark Liberty International
35 min drive
Bus
Beverwyck Rd & Longview Ave
Bus
Minnehaha Blvd & Navajo Ave#
Bus
Minnehaha Blvd & River Dr#
Bus
Lake Shore Rd & Vail Rd#
Bus
North Beverwyck Rd & Hiawatha Blvd#
Bus
Vail Rd & Pawnee Ave#
Bus
North Beverwyck Rd & Lake Shore Dr#
Crime and Safety
1 - Low Crime, 10 - High Crime
Lake Hiawatha
US
Homicide
1
4
Sexual Assault
2
4
Assault with Weapon
2
4
Robbery
2
4
Burglary
3
4
Motor Vehicle Theft
3
4
Larceny
3
4
Crime Score
3
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Lake Hiawatha, Parsippany-Troy Hills sell after 33 days on the market compared to the national average of 47 days. The average sale price for homes in Lake Hiawatha, Parsippany-Troy Hills over the last 12 months is $513,410, up 16% from the average home sale price over the previous 12 months.
Beautiful bi-level in the Lake Hiawatha section of Parsippany. Conveniently located within walking distance to restaurants and shopping. This well-maintained home boasts pride in ownership. It is move in ready and waiting for someone to add their personal touches to make it their own. Main level includes cozy living rm with wood burning fireplace, dining rm, kitchen, plus 2 brs and 2 full baths
Move in home offers hardwood floor, entry foyer. 2 full updated baths, Updated kitchen with granite countertop, Stainless Steel Appliances, Dishwasher, Microwave. Living room and dining room have vaulted ceiling. 4 Bedrooms, living room has recessed lighting and Fire Place, raised panel doors. Family room in lower level with accessto patio, level yard and 2 storage sheds. All new windows
Welcome to this stunning home with custom craftsmanship throughout and embrace the ultimate lifestyle with an impressive 630 sq ft family room connected to the backyard through a patio door to a full-size hot tub and gazebo for endless entertainment. The gourmet kitchen has been reimagined, BOAsting all stainless-steel appliances and a fresh, contemporary aesthetic. This 3,525 sq ft house is
Fully renovated, five bedrooms, 2 baths, large kitchen, large living room, extra loft on second floor, 100% all new appliances, new driveway for 4+ cars, large backyard, in quiet neighborhood.
Breathtaking scenery and beautiful landscaping is the hallmark of Knoll Gardens, an impressive collection of 1108 rental homes located in the quaint Morris County town of Lake Hiawatha.Units at Knoll Gardens offer one and two-bedroom apartments that range from 730 to 1120 square feet. Each spacious home includes air conditioning, a dishwasher, ample closet space, and a balcony in select
Welcome to this beautifully maintained single-family home located in the heart of Lake Hiawatha. This spacious rental features 2 bedrooms and 2 full bathrooms, offering comfort and convenience for anyone looking to settle into a peaceful neighborhood. Step inside to find a cozy living room, separate dining room, and a well-equipped kitchen?perfect for daily living and entertaining. The primary
Beverwyck Gardens is a small, intimate community located within walking distance to shopping and public transportation. Each apartment home features sunny views and an airy open feel. The community features a dog park, assigned parking and on-site maintenace. Call today to make Beverwyck Gardens your new home.
Interested in learning more about homes in this area?
Reach out to
Roy Castro,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
10,188
Median Age
40
Population Density
3 ppl/acre
Population under 18
22.8%
On par with the national average
23.8%
Population over 65
17%
On par with the national average
19.1%
Finances
Median Household Income
$93,719
Above the national average
$71,702
Average Household Income
$115,260
Education and Workforce
High School Graduates
92.3%
College Graduates
52.6%
Above the national average
34.1%
Advanced Degrees
15.6%
% Population in Labor Force
70.7%
Above the national average
65.1%
Weather
Annual Precipitation
50''
Average Winter Low Temperature
19°F
Average Summer High Temperature
85°F
Annual Snowfall
9''
Area Factors
Somewhat Bikeable
Bike Score®
38/ 100
Very Walkable
Walk Score®
75/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
