Lakeville town, Indiana Demographics & Population 2026

Population Overview

Lakeville town is a small community located in Indiana. The total population is 669. It ranks as the 444th most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in Lakeville town is 39.2 years. This is 3% higher than the state median of 38.0 years.

Economy, Income & Housing

The median household income in Lakeville town is $55,179. This is 21% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 30% lower. The poverty rate stands at 14.5%. This is 19% higher than the state poverty rate of 12.2%. The unemployment rate is 2.9%. This is 32% lower than the state rate of 4.3%. The median home value is $122,300. Housing costs are 39% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.2x, Lakeville town is one of the most affordable housing markets in the area. 43.2% of occupied housing units are owner-occupied. This homeownership rate is 39% lower than the state average of 70.3%.

Race & Ethnicity

Lakeville town has a predominantly White (non-Hispanic) population, comprising 96.4% of all residents. Hispanic or Latino residents account for 2.7%. The Hispanic or Latino population (2.7%) is well below the state average of 8.4%.

Education

14.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 50% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.0%.

Data Sources & Methodology

All demographic data for Lakeville town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. 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. For official data, visit data.census.gov.