Lakeville, NY
Population 511 · New York
About Lakeville, NY
Lakeville is a small community located in New York with a population of 511 residents according to the latest US Census Bureau American Community Survey data. The median household income is $90,716 per year, which is 21% above the national median of $75,149. The median age of 42.3 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 Lakeville features a median home value of $0, which is 100% below the national median of $244,900. This makes Lakeville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $889, 24% below the national average of $1,163/month. Of the 341 total housing units, 82% are owner-occupied (151 units) and 18% are renter-occupied (34 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lakeville shows an unemployment rate of 43.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lakeville have an average one-way commute time of 27.8 minutes.
Education & Demographics
41.1% of Lakeville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 1.8% Hispanic or Latino, 0.4% Black or African American, and 0.0% Asian residents, with 3.9% of the population being foreign-born.
Cost of Living in Lakeville, NY
Compared to national averages, Lakeville has a median household income of $90,716 (21% above the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $889 is 24% below the US average of $1,163. Within New York, Lakeville's income is 6% below the state average of $96,987, and home values are 100% below the state median of $387,181.
Why Live in Lakeville, NY?
Lakeville offers a strong local economy with a median household income of $90,716, well above the national average, and affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $889/month. Additionally, the city features a well-educated community where 41.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 10.4%, better than the national average.
Lakeville has a population of 511 with a median age of 42.3 years. Compare Lakeville with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Lakeville
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| DeKalb Junction | 512 | $0 | $74,200 | Compare |
| Cadyville | 509 | $82,250 | $198,000 | Compare |
| Cayuga | 513 | $95,089 | $142,000 | Compare |
| Bridgewater | 507 | $35,755 | $0 | Compare |
| Cassadaga | 515 | $70,357 | $113,100 | Compare |
| Kauneonga Lake | 507 | $170,524 | $0 | Compare |
| Malverne Park Oaks | 517 | $141,629 | $477,200 | Compare |
| Schenevus | 505 | $65,417 | $118,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Lakeville With Other Cities
Frequently Asked Questions about Lakeville
What is the population of Lakeville, NY?
The population of Lakeville, NY is 511 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Lakeville?
The median household income in Lakeville, NY is $90,716 per year, which is 21% above the national median of $75,149.
What is the median home value in Lakeville?
The median home value in Lakeville, NY is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lakeville?
The median monthly rent in Lakeville, NY is $889, which is 24% below the national average of $1,163/month.
What is the unemployment rate in Lakeville?
The unemployment rate in Lakeville, NY is 43.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lakeville, NY a good place to live?
Lakeville offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 511 and a median age of 42.3, the city appeals to a broad range of residents.
How educated is Lakeville, NY?
41.1% of residents in Lakeville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lakeville?
Key cost-of-living indicators for Lakeville, NY: median home value is $0 (100% below national), median rent is $889/month, and median household income is $90,716. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lakeville?
The poverty rate in Lakeville, NY is 10.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lakeville, NY?
Lakeville's population is 0.0% White, 1.8% Hispanic or Latino, 0.4% Black or African American, 0.0% Asian, and 0.0% two or more races. 3.9% of residents are foreign-born.