Falls Village vs Lakeville

A side-by-side comparison of Falls Village and Lakeville: population, income, housing, and more.

Falls Village and Lakeville are places in Connecticut. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Lakeville has the higher population (641 vs 452 in Falls Village). Lakeville has the higher median household income ($95,156 vs $54,792 in Falls Village). Lakeville has the higher median home value ($822,200 vs $431,300 in Falls Village).

Population, income & housing

	Falls Village	Lakeville
Population	452	641
Median age	43.5 yrs	56.3 yrs
Median household income	$54,792	$95,156
Median home value	$431,300	$822,200
Median gross rent	$2,096	—
Housing units	262	348
Homeownership rate	89.1%	73.2%
Bachelor's degree or higher	64.5%	74.7%
Unemployment rate	0.0%	0.0%

Trends (ACS 5-year, 2019–2023)

	Falls Village	Lakeville
Population	451 → 452 (+0.2%)	1,040 → 641 (-38.4%)
Median household income	$91,111 → $54,792 (-39.9%)	$72,875 → $95,156 (+30.6%)
Median home value	$272,100 → $431,300 (+58.5%)	$337,100 → $822,200 (+143.9%)
Median gross rent	$1,100 → $2,096 (+90.5%)	$1,114 → $1,173 (+5.3%)

Falls Village

Population

451452

Median household income

$91,111$54,792

Median home value

$272,100$431,300

Median gross rent

$1,100$2,096

Lakeville

Population

1,040641

Median household income

$72,875$95,156

Median home value

$337,100$822,200

Median gross rent

$1,114$1,173

Age & race/ethnicity

Age distribution (share)

	Falls Village	Lakeville
Under 5	3.1%	2.3%
5 to 17	12.8%	11.5%
18 to 24	20.6%	7.3%
25 to 34	4.4%	5.6%
35 to 44	13.7%	7.8%
45 to 54	2.7%	13.6%
55 to 64	24.3%	26.5%
65 to 74	13.5%	17.5%
75 and over	4.9%	7.8%

Race & ethnicity (share)

	Falls Village	Lakeville
White (non-Hispanic)	92.5%	99.1%
Black or African American	2.4%	0.0%
American Indian & Alaska Native	0.0%	0.9%
Asian	0.0%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.0%
Two or more races	3.3%	0.0%
Hispanic or Latino	1.8%	0.0%

Educational attainment (age 25+)

Share of adults 25+

	Falls Village	Lakeville
No high school diploma	1.4%	0.0%
High school graduate	16.4%	11.1%
Some college or associate's	17.8%	14.3%
Bachelor's degree	45.6%	34.1%
Graduate or professional degree	18.8%	40.6%

Commute to work

How workers get to work (share)

	Falls Village	Lakeville
Drove alone	50.7%	51.0%
Carpooled	4.8%	4.7%
Public transit	0.0%	0.0%
Walked	0.0%	0.0%
Bicycle	0.0%	0.0%
Worked from home	43.5%	44.4%
Other means	1.0%	0.0%

Housing

Units in structure (share)

	Falls Village	Lakeville
1-unit, detached	98.5%	78.7%
1-unit, attached	0.0%	0.0%
2 to 4 units	1.5%	3.4%
5 to 19 units	0.0%	17.8%
20 or more units	0.0%	0.0%
Mobile home & other	0.0%	0.0%

Poverty & households

	Falls Village	Lakeville
Poverty rate	34.7%	15.4%
Average household size	2.34	2.30
Mean commute (minutes)	15	29
Median year structure built	1938	1951