Lake of the Woods, IN
Population 658 · Indiana
About Lake of the Woods, IN
Lake of the Woods is a small community in Indiana with a population of 658 residents. The median household income is $64,375 per year, which is near the national average. The median age in Lake of the Woods is 54.4 years.
Housing in Lake of the Woods has a median home value of $189,600 and median monthly rent of $1,020. Of the 432 total housing units, the majority are owner-occupied, with 203 owner-occupied and 116 renter-occupied units.
The unemployment rate in Lake of the Woods is 11.2% and the poverty rate is 6.4%. 14.8% of residents hold a bachelor's degree or higher. The average commute time is 25.7 minutes.
Cost of Living in Lake of the Woods, IN
Compared to national averages, Lake of the Woods has a median household income of $64,375 (14% below the national median of $75,149). Home values average $189,600, which is 23% below the national median. Monthly rent at $1,020 is 12% below the US average of $1,163. Within Indiana, Lake of the Woods's income is 7% below the state average of $69,330, and home values are 16% above the state median of $163,409.
Why Live in Lake of the Woods, IN?
Lake of the Woods offers affordable housing with a median home value of $189,600, below the US average of $244,900, and rent that’s lower than the national average at $1,020/month, and a low poverty rate of 6.4%, better than the national average.
Potential considerations include median household income ($64,375) that falls below the national average. However, Lake of the Woods’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake of the Woods has a population of 658 with a median age of 54.4 years. Compare Lake of the Woods 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 Lake of the Woods
What is the population of Lake of the Woods, IN?
The population of Lake of the Woods, IN is 658 according to the latest Census data.
What is the median household income in Lake of the Woods?
The median household income in Lake of the Woods, IN is $64,375 per year.
What is the median home value in Lake of the Woods?
The median home value in Lake of the Woods, IN is $189,600.
What is the average rent in Lake of the Woods?
The median monthly rent in Lake of the Woods, IN is $1,020.
What is the unemployment rate in Lake of the Woods?
The unemployment rate in Lake of the Woods, IN is 11.2%.