Lake Hiawatha, NJ · standard
ZIP Code 07034
Morris County, New Jersey - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 9,360
- 2,892/sq mi High-density area
- $104,663
- Median income Above-median income area
- $428,600
- Median home value Above-median home value
- 51.7%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Lake Hiawatha pairs an upper-quartile household income with upper-quartile home values, in a suburban-density, mixed-tenure area.
- Top 16%
- household income, US ZIPs
- Top 18%
- home value, US ZIPs
- 2,892
- people per sq mi
- 59%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 07034 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 07034 (Lake Hiawatha, NJ) rose +9.8% from 2023 to 2024. The all-transactions index moved from 246.5 in 2023 to 270.5 in 2024 (2000 = 100).
ZIP code 07034 is a mid-sized community (a standard USPS delivery area) in Lake Hiawatha, Morris County, New Jersey, home to 9,360 residents across 3.2 square miles, a density of 2,892 people per square mile, in the New York time zone.
ZIP 07034 lands in the middle-income range, with a median household income of $104,663 (14% below the average New Jersey ZIP), while per-capita income is $54,549. Both reported hardship measures are comparatively low in absolute terms: poverty is 3.3% and unemployment is 3.0%. Home values sit below the statewide ZIP benchmark: the median is $428,600 (17% below the average New Jersey ZIP), and median rent is $1,550; owner occupancy is 58.5%.
This is a highly-educated ZIP: 51.7% of adults hold a bachelor's degree or higher, the median age is 38.9, and the average commute is 25 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Morris County, so 07034 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 07034
Top 5 sectors by establishment count in Lake Hiawatha, NJ
Which industries have the most business establishments in ZIP 07034.
- Construction
Construction
17 establishments
- Accommodation and food services
Accommodation and food services
17 establishments
- Other services (except public administration)
Other services (except public administration)
17 establishments
- Retail trade
Retail trade
15 establishments
- Administrative and support and waste management and remediation services
Administrative and support and waste management and remediation services
13 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 07034, Lake Hiawatha, NJ · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
9,360
Population
3.2
Area (sq mi)
2,892
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 07034?
38.9
Median Age
50.5%
Male
49.5%
Female
37.8%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$104,663
Median Household Income
-14% vs state ZIP avg
$54,549
Per Capita Income
3.3%
Poverty Rate
3.0%
Unemployment Rate
25.0 min
Mean Commute Time
How ZIP 07034 ranks among New Jersey ZIPs
Lake Hiawatha, NJ household income vs. every New Jersey ZIP code
Median household income among 565 reporting New Jersey ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$104,663 40th percentile higher than 40% of 565 New Jersey ZIPs
Each bar is a $20K-wide band; taller bars hold more New Jersey ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
4,559housing units
4,559
Total Housing Units
4,510
Occupied Units
49
Vacant Units
2.44
Avg Household Size
Occupancy Type
$428,600
Median Home Value
-17% vs state ZIP avg
$1,550
Median Rent
1965
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+9.8%
YoY Change (2024)
271
HPI Index (2000 = 100)
+171%
Total Change Since 2000
Home values in ZIP 07034 have increased 9.8% over the past year (2024). Since 2000, this ZIP has seen +171% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | -1.1% | 182 |
| 2021 | +10.9% | 202 |
| 2022 | +8.6% | 220 |
| 2023 | +12.3% | 246 |
| 2024 | +9.8% | 271 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 127 business establishments in ZIP 07034, employing approximately 809 people with a combined annual payroll of $30,111,000.
127
Businesses
809
Employees
$30.1M
Annual Payroll
10
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 17 | 13.4% |
| Accommodation and food services | 17 | 13.4% |
| Other services (except public administration) | 17 | 13.4% |
| Retail trade | 15 | 11.8% |
| Administrative and support and waste management and remediation services | 13 | 10.2% |
| Professional, scientific, and technical services | 12 | 9.4% |
| Transportation and warehousing | 10 | 7.9% |
| Health care and social assistance | 9 | 7.1% |
| Finance and insurance | 5 | 3.9% |
| Real estate and rental and leasing | 4 | 3.1% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 07034 vs 07045 →
ZIP 07034 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 07054
Parsippany (07054)
29,305 residents
- 07005
Boonton (07005)
15,269 residents
- 07936 11,157
East Hanover (07936)
11,157 residents
- 07045 10,127
Montville (07045)
10,127 residents
- 07034 9,360
Lake Hiawatha (07034)
9,360 residents
- 07981 8,865
Whippany (07981)
8,865 residents
- 07004 7,440
Fairfield (07004)
7,440 residents
- 07082 5,384
Towaco (07082)
5,384 residents
- 07058 5,372
Pine Brook (07058)
5,372 residents
What this shows Among its immediate neighbors, ZIP 07034 ranks #5 by population - useful context the national average alone can't give.
ZIP 07034 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 07046
Mountain Lakes (07046)
$250,000 median income
- 07082
Towaco (07082)
$205,023 median income
- 07045
Montville (07045)
$185,078 median income
- 07981
Whippany (07981)
$149,893 median income
- 07936
East Hanover (07936)
$149,583 median income
- 07005
Boonton (07005)
$132,629 median income
- 07058
Pine Brook (07058)
$127,805 median income
- 07878
Mount Tabor (07878)
$116,445 median income
- 07004
Fairfield (07004)
$115,980 median income
What this shows By household income, ZIP 07034 ranks #null of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 07045 | Montville, NJ | 10,127 | 2.2 mi |
| 07054 | Parsippany, NJ | 29,305 | 2.0 mi |
| 07058 | Pine Brook, NJ | 5,372 | 2.1 mi |
| 07046 | Mountain Lakes, NJ | 4,194 | 3.3 mi |
| 07936 | East Hanover, NJ | 11,157 | 4.3 mi |
| 07004 | Fairfield, NJ | 7,440 | 4.0 mi |
| 07082 | Towaco, NJ | 5,384 | 3.7 mi |
| 07005 | Boonton, NJ | 15,269 | 4.1 mi |
| 07981 | Whippany, NJ | 8,865 | 4.5 mi |
| 07878 | Mount Tabor, NJ | 934 | 5.1 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 07034, both outside NJ so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (9,360 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Morris County
Related Areas
Frequently Asked Questions
What county is ZIP code 07034 in?
ZIP code 07034 (Lake Hiawatha) is located in Morris County, New Jersey. Morris County contains multiple ZIP codes, see the full list at /counties/morris-nj.
What is the population of ZIP code 07034?
ZIP code 07034 in Lake Hiawatha, NJ has a population of 9,360 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 07034?
The median household income in ZIP 07034 is $104,663, which is 37% above the national average of $76,288.
What is the average home value in ZIP 07034?
The median home value in ZIP 07034 is $428,600, which is 54% above the national average of $278,155.
What is the demographic makeup of ZIP 07034?
The largest racial group in ZIP 07034 is White at 50.7%. Hispanic or Latino residents make up 10.1% of the population.
How many businesses are in ZIP code 07034?
ZIP code 07034 has 127 business establishments employing approximately 809 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 07034?
The top industries by establishment count in ZIP 07034 are: Construction (17), Accommodation and food services (17), Other services (except public administration) (17). There are 10 industry sectors represented in total.
How have home values changed in ZIP code 07034?
According to the FHFA House Price Index, home values in ZIP 07034 increased by 9.8% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 171%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 07034?
In ZIP code 07034, 71.8% of residents aged 25+ have a high school diploma or higher, and 51.7% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 07034?
The mean commute time for workers in ZIP code 07034 is 25.0 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 07034?
In ZIP code 07034, approximately 58.5% of occupied housing units are owner-occupied and 41.5% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 07034?
The poverty rate in ZIP code 07034 is 3.3% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 07034's numbers, next.
- See how ZIP 07034 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Lake Hiawatha, NJ ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.