Prince's Lakes, IN
Population 1,257 · Indiana
About Prince's Lakes, IN
Prince's Lakes is a small town located in Indiana with a population of 1,257 residents according to the latest US Census Bureau American Community Survey data. The median household income is $93,125 per year, which is 24% above the national median of $75,149. The median age of 53.5 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 Prince's Lakes features a median home value of $228,800, which is 7% below the national median of $244,900. This positions Prince's Lakes in a moderately priced market relative to the rest of the country. Median monthly rent is $1,406, 21% above the national average of $1,163/month. Of the 793 total housing units, 96% are owner-occupied (583 units) and 4% are renter-occupied (24 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Prince's Lakes shows an unemployment rate of 2.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Prince's Lakes have an average one-way commute time of 41.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
17.9% of Prince's Lakes 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 1.1% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.4% of the population being foreign-born.
Cost of Living in Prince's Lakes, IN
Compared to national averages, Prince's Lakes has a median household income of $93,125 (24% above the national median of $75,149). Home values average $228,800, which is 7% below the national median. Monthly rent at $1,406 is 21% above the US average of $1,163. Within Indiana, Prince's Lakes's income is 34% above the state average of $69,330, and home values are 40% above the state median of $163,409.
Why Live in Prince's Lakes, IN?
Prince's Lakes offers a strong local economy with a median household income of $93,125, well above the national average, and affordable housing with a median home value of $228,800, below the US average of $244,900, and a strong job market with an unemployment rate of just 2.3%. Additionally, the city features a low poverty rate of 5.5%, better than the national average.
Prince's Lakes has a population of 1,257 with a median age of 53.5 years. Compare Prince's Lakes with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Prince's Lakes
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Grabill | 1,248 | $62,788 | $152,400 | Compare |
| Mulberry | 1,266 | $51,719 | $125,500 | Compare |
| Wanatah | 1,248 | $60,938 | $191,200 | Compare |
| Hudson Lake | 1,245 | $95,116 | $163,500 | Compare |
| Palmyra | 1,271 | $49,821 | $143,500 | Compare |
| Rome City | 1,271 | $72,054 | $231,300 | Compare |
| Parker City | 1,236 | $56,875 | $91,700 | Compare |
| Summitville | 1,233 | $57,000 | $89,000 | 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.
Compare Prince's Lakes With Other Cities
Frequently Asked Questions about Prince's Lakes
What is the population of Prince's Lakes, IN?
The population of Prince's Lakes, IN is 1,257 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Prince's Lakes?
The median household income in Prince's Lakes, IN is $93,125 per year, which is 24% above the national median of $75,149.
What is the median home value in Prince's Lakes?
The median home value in Prince's Lakes, IN is $228,800, which is 7% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Prince's Lakes?
The median monthly rent in Prince's Lakes, IN is $1,406, which is 21% above the national average of $1,163/month.
What is the unemployment rate in Prince's Lakes?
The unemployment rate in Prince's Lakes, IN is 2.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Prince's Lakes, IN a good place to live?
Prince's Lakes offers above-average incomes, affordable housing, and a strong job market. With a population of 1,257 and a median age of 53.5, the city appeals to established professionals and retirees.
How educated is Prince's Lakes, IN?
17.9% of residents in Prince's Lakes 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 Prince's Lakes?
Key cost-of-living indicators for Prince's Lakes, IN: median home value is $228,800 (7% below national), median rent is $1,406/month, and median household income is $93,125. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Prince's Lakes?
The poverty rate in Prince's Lakes, IN is 5.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Prince's Lakes, IN?
Prince's Lakes's population is 1.1% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.4% of residents are foreign-born.