Lewisville, MN
Population 254 · Minnesota
About Lewisville, MN
Lewisville is a small community located in Minnesota with a population of 254 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,500 per year, which is 18% below the national median of $75,149. The median age of 46.6 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 Lewisville features a median home value of $55,500, which is 77% below the national median of $244,900. This makes Lewisville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $533, 54% below the national average of $1,163/month. Of the 102 total housing units, 96% are owner-occupied (92 units) and 4% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lewisville shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lewisville have an average one-way commute time of 18.7 minutes, one of the shorter commutes in the region.
Education & Demographics
5.8% of Lewisville 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 31.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 7.5% of the population being foreign-born.
How Lewisville Ranks in Minnesota
Cost of Living in Lewisville, MN
Compared to national averages, Lewisville has a median household income of $61,500 (18% below the national median of $75,149). Home values average $55,500, which is 77% below the national median. Monthly rent at $533 is 54% below the US average of $1,163. Within Minnesota, Lewisville's income is 17% below the state average of $74,221, and home values are 73% below the state median of $204,472.
Why Live in Lewisville, MN?
Lewisville offers affordable housing with a median home value of $55,500, below the US average of $244,900, and rent that’s lower than the national average at $533/month, and a strong job market with an unemployment rate of just 2.7%. Additionally, the city features a low poverty rate of 3.5%, better than the national average, and short commute times averaging just 18.7 minutes.
Potential considerations include median household income ($61,500) that falls below the national average. However, Lewisville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lewisville has a population of 254 with a median age of 46.6 years. Compare Lewisville with other cities to see how it stacks up, or explore all cities in Minnesota.
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Demographics
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Economy & Education
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Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lewisville
What is the population of Lewisville, MN?
The population of Lewisville, MN is 254 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Lewisville?
The median household income in Lewisville, MN is $61,500 per year, which is 18% below the national median of $75,149.
What is the median home value in Lewisville?
The median home value in Lewisville, MN is $55,500, which is 77% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lewisville?
The median monthly rent in Lewisville, MN is $533, which is 54% below the national average of $1,163/month.
What is the unemployment rate in Lewisville?
The unemployment rate in Lewisville, MN is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lewisville, MN a good place to live?
Lewisville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 254 and a median age of 46.6, the city appeals to established professionals and retirees.
How educated is Lewisville, MN?
5.8% of residents in Lewisville 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 Lewisville?
Key cost-of-living indicators for Lewisville, MN: median home value is $55,500 (77% below national), median rent is $533/month, and median household income is $61,500. The home-value-to-income ratio is 0.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lewisville?
The poverty rate in Lewisville, MN is 3.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lewisville, MN?
Lewisville's population is 31.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 7.5% of residents are foreign-born.