Fernan Lake Village, ID
Population 138 · Idaho
About Fernan Lake Village, ID
Fernan Lake Village is a small community located in Idaho with a population of 138 residents according to the latest US Census Bureau American Community Survey data. The median household income is $118,750 per year, which is 58% above the national median of $75,149. The median age of 62 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Fernan Lake Village features a median home value of $598,700, which is 144% above the national median of $244,900. This places Fernan Lake Village in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 72 total housing units, 97% are owner-occupied (61 units) and 3% are renter-occupied (2 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fernan Lake Village shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 1.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Fernan Lake Village have an average one-way commute time of 16.1 minutes, one of the shorter commutes in the region.
Education & Demographics
54.0% of Fernan Lake Village residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 10.1% Hispanic or Latino, 0.0% Black or African American, and 0.7% Asian residents, with 2.9% of the population being foreign-born.
How Fernan Lake Village Ranks in Idaho
Cost of Living in Fernan Lake Village, ID
Compared to national averages, Fernan Lake Village has a median household income of $118,750 (58% above the national median of $75,149). Home values average $598,700, which is 144% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Idaho, Fernan Lake Village's income is 82% above the state average of $65,190, and home values are 118% above the state median of $274,721.
Why Live in Fernan Lake Village, ID?
Fernan Lake Village offers a strong local economy with a median household income of $118,750, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 54.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 1.4%, better than the national average, and short commute times averaging just 16.1 minutes.
Potential considerations include a competitive housing market where the typical home costs $598,700. However, Fernan Lake Village’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fernan Lake Village has a population of 138 with a median age of 62 years. Compare Fernan Lake Village with other cities to see how it stacks up, or explore all cities in Idaho.
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Demographics
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Other Cities in Idaho
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fernan Lake Village
What is the population of Fernan Lake Village, ID?
The population of Fernan Lake Village, ID is 138 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Idaho.
What is the median household income in Fernan Lake Village?
The median household income in Fernan Lake Village, ID is $118,750 per year, which is 58% above the national median of $75,149.
What is the median home value in Fernan Lake Village?
The median home value in Fernan Lake Village, ID is $598,700, which is 144% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fernan Lake Village?
The median monthly rent in Fernan Lake Village, ID is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Fernan Lake Village?
The unemployment rate in Fernan Lake Village, ID is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Fernan Lake Village, ID a good place to live?
Fernan Lake Village offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 138 and a median age of 62, the city appeals to established professionals and retirees.
How educated is Fernan Lake Village, ID?
54.0% of residents in Fernan Lake Village aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Fernan Lake Village?
Key cost-of-living indicators for Fernan Lake Village, ID: median home value is $598,700 (144% above national), median rent is $0/month, and median household income is $118,750. The home-value-to-income ratio is 5.0x, a moderate figure by national standards.
What is the poverty rate in Fernan Lake Village?
The poverty rate in Fernan Lake Village, ID is 1.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Fernan Lake Village, ID?
Fernan Lake Village's population is 0.0% White, 10.1% Hispanic or Latino, 0.0% Black or African American, 0.7% Asian, and 0.7% two or more races. 2.9% of residents are foreign-born.