Lakeville, IN
Population 669 · Indiana
About Lakeville, IN
Lakeville is a small community in Indiana with a population of 669 residents. The median household income is $55,179 per year, which is near the national average. The median age in Lakeville is 39.2 years.
Housing in Lakeville has a median home value of $122,300 and median monthly rent of $769. Of the 405 total housing units, renting is more common than owning, with 143 owner-occupied and 188 renter-occupied units.
The unemployment rate in Lakeville is 2.9% and the poverty rate is 14.5%. 14.5% of residents hold a bachelor's degree or higher. The average commute time is 24.3 minutes.
Cost of Living in Lakeville, IN
Compared to national averages, Lakeville has a median household income of $55,179 (27% below the national median of $75,149). Home values average $122,300, which is 50% below the national median. Monthly rent at $769 is 34% below the US average of $1,163. Within Indiana, Lakeville's income is 20% below the state average of $69,330, and home values are 25% below the state median of $163,409.
Why Live in Lakeville, IN?
Lakeville offers affordable housing with a median home value of $122,300, below the US average of $244,900, and rent that’s lower than the national average at $769/month, and a strong job market with an unemployment rate of just 2.9%. Additionally, the city features short commute times averaging just 24.3 minutes.
Potential considerations include median household income ($55,179) that falls below the national average. However, Lakeville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lakeville has a population of 669 with a median age of 39.2 years. Compare Lakeville with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Lakeville
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mecca | 670 | $42,917 | $57,000 | Compare |
| Pennville | 666 | $36,607 | $75,000 | Compare |
| Cynthiana | 663 | $75,625 | $115,600 | Compare |
| Sharpsville | 663 | $90,978 | $117,800 | Compare |
| Lake of the Woods | 658 | $64,375 | $189,600 | Compare |
| Reynolds | 655 | $55,625 | $105,900 | Compare |
| Camden | 651 | $53,977 | $98,700 | Compare |
| Dana | 650 | $53,005 | $53,900 | 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 Lakeville
What is the population of Lakeville, IN?
The population of Lakeville, IN is 669 according to the latest Census data.
What is the median household income in Lakeville?
The median household income in Lakeville, IN is $55,179 per year.
What is the median home value in Lakeville?
The median home value in Lakeville, IN is $122,300.
What is the average rent in Lakeville?
The median monthly rent in Lakeville, IN is $769.
What is the unemployment rate in Lakeville?
The unemployment rate in Lakeville, IN is 2.9%.