Lake Village, Indiana Demographics & Population 2026

A note before these figures: with a population of 705, Lake Village's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Lake Village is a small community located in Indiana, within Newton County. The total population is 705. It ranks as the 434th most populous out of 967 Census-designated places in Indiana.

Age Demographics

The median age in Lake Village is 59.3 years. This is 56% higher than the state median of 38.1 years. Only 6.2% of residents are under 18, indicating fewer families with children.

Economy, Income & Housing

The median household income in Lake Village is $85,078. This is 18% higher than the state median of $71,957. It is also 5% higher than the national median of $80,734. The poverty rate stands at 19.1%. This is 55% higher than the state poverty rate of 12.3%. The survey records no unemployed residents in Lake Village, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $250,500. Housing costs are 15% higher than the state median of $218,200. With a home-value-to-income ratio of just 2.9x, Lake Village is one of the most affordable housing markets in the area. 77.8% of occupied housing units are owner-occupied. This homeownership rate is 10% higher than the state average of 70.5%.

Race & Ethnicity

Lake Village has a predominantly White (non-Hispanic) population, comprising 85.5% of all residents. Hispanic or Latino residents account for 14.5%. The Hispanic or Latino population is significantly higher than the state average (14.5% vs 8.6%).

Education

15.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 48% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.5%.

Data Sources & Methodology

All demographic data for Lake Village, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.