Lake Village, IN
Population 533 · Indiana
About Lake Village, IN
Lake Village is a small community in Indiana with a population of 533 residents. The median household income is $0 per year, which is below the national average. The median age in Lake Village is 61.8 years.
Housing in Lake Village has a median home value of $152,700 and median monthly rent of $0. Of the 299 total housing units, the majority are owner-occupied, with 213 owner-occupied and 86 renter-occupied units.
The unemployment rate in Lake Village is 0.0% and the poverty rate is 27.0%. 22.1% of residents hold a bachelor's degree or higher. The average commute time is 40.5 minutes.
Cost of Living in Lake Village, IN
Compared to national averages, Lake Village has a median household income of $0 (100% below the national median of $75,149). Home values average $152,700, which is 38% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Lake Village's income is 100% below the state average of $69,330, and home values are 7% below the state median of $163,409.
Why Live in Lake Village, IN?
Lake Village offers affordable housing with a median home value of $152,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($0) that falls below the national average. However, Lake Village’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Village has a population of 533 with a median age of 61.8 years. Compare Lake Village with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Lake Village
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Laketon | 532 | $78,750 | $196,700 | Compare |
| Wellsboro | 532 | $148,750 | $118,900 | Compare |
| Etna Green | 535 | $64,342 | $111,000 | Compare |
| Belleville | 536 | $71,484 | $219,200 | Compare |
| Lakewood | 530 | $107,574 | $269,400 | Compare |
| Burlington | 527 | $69,286 | $134,700 | Compare |
| Troy | 539 | $50,000 | $95,600 | Compare |
| Linden | 526 | $60,714 | $113,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
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 Village
What is the population of Lake Village, IN?
The population of Lake Village, IN is 533 according to the latest Census data.
What is the median household income in Lake Village?
The median household income in Lake Village, IN is $0 per year.
What is the median home value in Lake Village?
The median home value in Lake Village, IN is $152,700.
What is the average rent in Lake Village?
The median monthly rent in Lake Village, IN is $0.
What is the unemployment rate in Lake Village?
The unemployment rate in Lake Village, IN is 0.0%.