Hoffman Lake, IN
Population 336 · Indiana
About Hoffman Lake, IN
Hoffman Lake is a small community located in Indiana with a population of 336 residents according to the latest US Census Bureau American Community Survey data. The median household income is $86,731 per year, which is 15% above the national median of $75,149. The median age of 51.6 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 Hoffman Lake features a median home value of $200,500, which is 18% below the national median of $244,900. This positions Hoffman Lake in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 267 total housing units, 73% are owner-occupied (119 units) and 27% are renter-occupied (43 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hoffman Lake shows an unemployment rate of 9.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hoffman Lake have an average one-way commute time of 23.5 minutes.
Education & Demographics
18.1% of Hoffman Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 5.7% of the population being foreign-born.
Cost of Living in Hoffman Lake, IN
Compared to national averages, Hoffman Lake has a median household income of $86,731 (15% above the national median of $75,149). Home values average $200,500, which is 18% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Hoffman Lake's income is 25% above the state average of $69,330, and home values are 23% above the state median of $163,409.
Why Live in Hoffman Lake, IN?
Hoffman Lake offers a strong local economy with a median household income of $86,731, well above the national average, and affordable housing with a median home value of $200,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 23.5 minutes.
Hoffman Lake has a population of 336 with a median age of 51.6 years. Compare Hoffman Lake with other cities to see how it stacks up, or explore all cities in Indiana.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Hoffman Lake
What is the population of Hoffman Lake, IN?
The population of Hoffman Lake, IN is 336 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Hoffman Lake?
The median household income in Hoffman Lake, IN is $86,731 per year, which is 15% above the national median of $75,149.
What is the median home value in Hoffman Lake?
The median home value in Hoffman Lake, IN is $200,500, which is 18% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hoffman Lake?
The median monthly rent in Hoffman Lake, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Hoffman Lake?
The unemployment rate in Hoffman Lake, IN is 9.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hoffman Lake, IN a good place to live?
Hoffman Lake offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 336 and a median age of 51.6, the city appeals to established professionals and retirees.
How educated is Hoffman Lake, IN?
18.1% of residents in Hoffman Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hoffman Lake?
Key cost-of-living indicators for Hoffman Lake, IN: median home value is $200,500 (18% below national), median rent is $0/month, and median household income is $86,731. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hoffman Lake?
The poverty rate in Hoffman Lake, IN is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hoffman Lake, IN?
Hoffman Lake's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 5.7% of residents are foreign-born.