Hoffman Lake, IN
Population 336 · Indiana
About Hoffman Lake, IN
Hoffman Lake is a small community in Indiana with a population of 336 residents. The median household income is $86,731 per year, which is above the national average. The median age in Hoffman Lake is 51.6 years.
Housing in Hoffman Lake has a median home value of $200,500 and median monthly rent of $0. Of the 267 total housing units, the majority are owner-occupied, with 119 owner-occupied and 43 renter-occupied units.
The unemployment rate in Hoffman Lake is 9.0% and the poverty rate is 0.0%. 18.1% of residents hold a bachelor's degree or higher. The average commute time is 23.5 minutes.
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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Other Cities in Indiana
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 Census data.
What is the median household income in Hoffman Lake?
The median household income in Hoffman Lake, IN is $86,731 per year.
What is the median home value in Hoffman Lake?
The median home value in Hoffman Lake, IN is $200,500.
What is the average rent in Hoffman Lake?
The median monthly rent in Hoffman Lake, IN is $0.
What is the unemployment rate in Hoffman Lake?
The unemployment rate in Hoffman Lake, IN is 9.0%.