Shipshewana Lake, IN
Population 325 · Indiana
About Shipshewana Lake, IN
Shipshewana Lake is a small community in Indiana with a population of 325 residents. The median household income is $68,984 per year, which is near the national average. The median age in Shipshewana Lake is 51.5 years.
Housing in Shipshewana Lake has a median home value of $325,700 and median monthly rent of $804. Of the 201 total housing units, renting is more common than owning, with 55 owner-occupied and 110 renter-occupied units.
The unemployment rate in Shipshewana Lake is 0.0% and the poverty rate is 0.0%. 0.0% of residents hold a bachelor's degree or higher. The average commute time is 0 minutes.
Cost of Living in Shipshewana Lake, IN
Compared to national averages, Shipshewana Lake has a median household income of $68,984 (8% below the national median of $75,149). Home values average $325,700, which is 33% above the national median. Monthly rent at $804 is 31% below the US average of $1,163. Within Indiana, Shipshewana Lake's income is 0% below the state average of $69,330, and home values are 99% above the state median of $163,409.
Why Live in Shipshewana Lake, IN?
Shipshewana Lake offers rent that’s lower than the national average at $804/month, and a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 0.0%, better than the national average. Additionally, the city features short commute times averaging just 0 minutes.
Potential considerations include median household income ($68,984) that falls below the national average. However, Shipshewana Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Shipshewana Lake has a population of 325 with a median age of 51.5 years. Compare Shipshewana Lake 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 Shipshewana Lake
What is the population of Shipshewana Lake, IN?
The population of Shipshewana Lake, IN is 325 according to the latest Census data.
What is the median household income in Shipshewana Lake?
The median household income in Shipshewana Lake, IN is $68,984 per year.
What is the median home value in Shipshewana Lake?
The median home value in Shipshewana Lake, IN is $325,700.
What is the average rent in Shipshewana Lake?
The median monthly rent in Shipshewana Lake, IN is $804.
What is the unemployment rate in Shipshewana Lake?
The unemployment rate in Shipshewana Lake, IN is 0.0%.