Lake of the Woods

Population: 658
Median household income: $64,375
Median home value: $189,600

Lake of the Woods is a community in Marshall County, Indiana, home to 658 residents. Its median household income of $64,375 runs below the Marshall County figure of $68,041.

Between 2022 and 2023, Lake of the Woods's population grew 11.5% from 590 to 658, while its median home value fell 10.4% from $211,500 to $189,600.

The median resident is 54.4 years old. The largest age group is 65 to 74, 30.4% of residents.

Demographics

ACS 2019–2023

Population: 658
Median age: 54.4 yrs
Median household income: $64,375
Median home value: $189,600
Median gross rent: $1,020
Housing units: 432
Homeownership rate: 63.6%
Bachelor's degree or higher: 14.8%
Unemployment rate: 11.2%

Trends

ACS 5-year · 2019–2023

Population

590658

Median household income

$63,472$64,375

Median home value

$211,500$189,600

Median gross rent

$1,040$1,020

Year	Population	Median household income	Median home value	Median gross rent
2022	590	$63,472	$211,500	$1,040
2023	658	$64,375	$189,600	$1,020

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 50.9%

5 to 1713.5%

18 to 241.2%

25 to 345.3%

35 to 4411.2%

45 to 5421.1%

55 to 6413.2%

65 to 7430.4%

75 and over3.0%

	Count	Share
Under 5	6	0.9%
5 to 17	89	13.5%
18 to 24	8	1.2%
25 to 34	35	5.3%
35 to 44	74	11.2%
45 to 54	139	21.1%
55 to 64	87	13.2%
65 to 74	200	30.4%
75 and over	20	3.0%

Race & ethnicity

	Count	Share
White (non-Hispanic)	644	97.9%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	0	0.0%
Hispanic or Latino (any race)	14	2.1%

Educational attainment (age 25+)

No high school diploma6.8%

High school graduate48.1%

Some college or associate's30.3%

Bachelor's degree13.3%

Graduate or professional degree1.4%

	Count	Share
No high school diploma	38	6.8%
High school graduate	267	48.1%
Some college or associate's	168	30.3%
Bachelor's degree	74	13.3%
Graduate or professional degree	8	1.4%

Commute to work

Mean travel time to work: 26 min

Drove alone93.3%

Carpooled0.0%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home6.7%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	318	93.3%
Carpooled	0	0.0%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	23	6.7%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	103	32.4%
15 to 29 min	139	43.7%
30 to 44 min	8	2.5%
45 to 59 min	15	4.7%
60+ min	53	16.7%

Households

Average household size: 2.06
Poverty rate: 6.4% (41 of 645)

	Count	Share
Family households	221	69.3%
Nonfamily households	98	30.7%

Housing

Median year structure built: 1967

Occupancy

	Count	Share
Occupied	319	73.8%
Vacant	113	26.2%

Tenure (of occupied units)

	Count	Share
Owner-occupied	203	63.6%
Renter-occupied	116	36.4%

1-unit, detached75.7%

1-unit, attached5.3%

2 to 4 units11.3%

5 to 19 units1.9%

20 or more units0.0%

Mobile home & other5.8%

Units in structure

	Count	Share
1-unit, detached	327	75.7%
1-unit, attached	23	5.3%
2 to 4 units	49	11.3%
5 to 19 units	8	1.9%
20 or more units	0	0.0%
Mobile home & other	25	5.8%

Geography

Place GEOID: 1841400
Type (LSAD): 57
Land area: 0.69 sq mi
Water area: 0.66 sq mi
Center point: 41.4223, -86.2232