Schaefer Lake, IN
Population 245 · Indiana
About Schaefer Lake, IN
Schaefer Lake is a small community in Indiana with a population of 245 residents. The median household income is $177,632 per year, which is above the national average. The median age in Schaefer Lake is 63.2 years.
Housing in Schaefer Lake has a median home value of $265,800 and median monthly rent of $0. Of the 76 total housing units, the majority are owner-occupied, with 76 owner-occupied and 0 renter-occupied units.
The unemployment rate in Schaefer Lake is 0.0% and the poverty rate is 0.0%. 47.1% of residents hold a bachelor's degree or higher. The average commute time is 0 minutes.
How Schaefer Lake Ranks in Indiana
Cost of Living in Schaefer Lake, IN
Compared to national averages, Schaefer Lake has a median household income of $177,632 (136% above the national median of $75,149). Home values average $265,800, which is 9% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Schaefer Lake's income is 156% above the state average of $69,330, and home values are 63% above the state median of $163,409.
Why Live in Schaefer Lake, IN?
Schaefer Lake offers a strong local economy with a median household income of $177,632, well above the national average, 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%. Additionally, the city features a well-educated community where 47.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Schaefer Lake has a population of 245 with a median age of 63.2 years. Compare Schaefer Lake with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Schaefer Lake
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Laotto | 245 | $118,500 | $0 | Compare |
| Cedar Grove | 244 | $60,625 | $160,900 | Compare |
| Kingsbury | 244 | $71,250 | $182,400 | Compare |
| Dune Acres | 247 | $176,875 | $684,500 | Compare |
| Glezen | 243 | $115,278 | $136,400 | Compare |
| Napoleon | 247 | $58,750 | $156,300 | Compare |
| South Milford | 243 | $114,968 | $183,100 | Compare |
| Cree Lake | 241 | $0 | $232,700 | 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 Schaefer Lake
What is the population of Schaefer Lake, IN?
The population of Schaefer Lake, IN is 245 according to the latest Census data.
What is the median household income in Schaefer Lake?
The median household income in Schaefer Lake, IN is $177,632 per year.
What is the median home value in Schaefer Lake?
The median home value in Schaefer Lake, IN is $265,800.
What is the average rent in Schaefer Lake?
The median monthly rent in Schaefer Lake, IN is $0.
What is the unemployment rate in Schaefer Lake?
The unemployment rate in Schaefer Lake, IN is 0.0%.