Lake Village

Population: 533
Median home value: $152,700

Located in Newton County, Indiana, Lake Village is a community with a population of 533. At $152,700, its median home value sits below Newton County's $159,300.

From 2019 to 2023, Lake Village's population declined 31.0% from 773 to 533, while its median home value rose 47.4% from $103,600 to $152,700.

The median resident is 61.8 years old. The largest age group is 65 to 74, 28.7% of residents.

Demographics

ACS 2019–2023

Population: 533
Median age: 61.8 yrs
Median household income: —
Median home value: $152,700
Median gross rent: —
Housing units: 299
Homeownership rate: 71.2%
Bachelor's degree or higher: 22.1%
Unemployment rate: 0.0%

Trends

ACS 5-year · 2019–2023

Population

773533

Median household income

$64,653$76,845

Median home value

$103,600$152,700

Year	Population	Median household income	Median home value
2019	773	$64,653	$103,600
2020	707	$73,563	$111,100
2021	536	$76,845	$128,700
2022	579	—	$135,100
2023	533	—	$152,700

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

Age distribution

Under 50.0%

5 to 178.3%

18 to 241.9%

25 to 3422.9%

35 to 443.8%

45 to 540.0%

55 to 6428.1%

65 to 7428.7%

75 and over6.4%

	Count	Share
Under 5	0	0.0%
5 to 17	44	8.3%
18 to 24	10	1.9%
25 to 34	122	22.9%
35 to 44	20	3.8%
45 to 54	0	0.0%
55 to 64	150	28.1%
65 to 74	153	28.7%
75 and over	34	6.4%

Race & ethnicity

	Count	Share
White (non-Hispanic)	516	96.8%
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)	17	3.2%

Educational attainment (age 25+)

No high school diploma8.6%

High school graduate65.6%

Some college or associate's3.8%

Bachelor's degree14.0%

Graduate or professional degree8.1%

	Count	Share
No high school diploma	41	8.6%
High school graduate	314	65.6%
Some college or associate's	18	3.8%
Bachelor's degree	67	14.0%
Graduate or professional degree	39	8.1%

Commute to work

Mean travel time to work: 40 min

Drove alone81.4%

Carpooled12.5%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home6.1%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	214	81.4%
Carpooled	33	12.5%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	16	6.1%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	23	9.3%
15 to 29 min	46	18.6%
30 to 44 min	55	22.3%
45 to 59 min	81	32.8%
60+ min	42	17.0%

Households

Average household size: 1.78
Poverty rate: 27.0% (144 of 533)

	Count	Share
Family households	169	56.5%
Nonfamily households	130	43.5%

Housing

Median year structure built: 1958

Occupancy

	Count	Share
Occupied	299	100.0%
Vacant	0	0.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	213	71.2%
Renter-occupied	86	28.8%

1-unit, detached75.3%

1-unit, attached0.0%

2 to 4 units24.7%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	225	75.3%
1-unit, attached	0	0.0%
2 to 4 units	74	24.7%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 1841652
Type (LSAD): 57
Land area: 3.94 sq mi
Water area: 0 sq mi
Center point: 41.1308, -87.4390