Lakeville, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Lakeville, Indiana had a total population of 735, the 425th largest town in Indiana, with a median household income of $62,772, which is 13% lower than the state average. The poverty rate is 17.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.2x.
Lakeville Quick Facts
How Lakeville Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 669 | 735 | +9.9% |
| Median household income | $55,179 | $62,772 | +13.8% |
| Median home value | $122,300 | $136,500 | +11.6% |
How Lakeville Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Lakeville Rankings in Indiana
Explore Indiana Rankings
Other Cities in St. Joseph County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| South Bend | 103,085 | $55,786 | 20.8% | $140,400 |
| Mishawaka | 51,021 | $54,291 | 16.4% | $155,500 |
| Granger | 30,321 | $123,318 | 4.7% | $331,100 |
| Notre Dame | 6,890 | $19,886 | 49.2% | N/A |
| Osceola | 2,593 | $66,503 | 14.5% | $196,900 |
| Walkerton | 2,115 | $65,340 | 6.4% | $149,200 |
| New Carlisle | 1,998 | $66,824 | 4.5% | $186,700 |
| North Liberty | 1,775 | $75,047 | 8.3% | $162,100 |
| Roseland | 1,175 | $47,917 | 28.8% | $122,500 |
| Indian Village | 97 | $81,875 | 10.3% | $190,600 |
Cities Similar to Lakeville
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| San Pierre | 727 | N/A | $193,600 | 9.3% | 1.8% |
| Mount Summit | 713 | N/A | $214,100 | 17.2% | 4.9% |
| North Salem | 741 | $68,214 | $186,500 | 20.2% | 2.6% |
| Milltown | 763 | $61,216 | $118,800 | 8.2% | 17.3% |
| Reynolds | 718 | $58,750 | $123,900 | 15.9% | 5.9% |
A note before these figures: with a population of 735, Lakeville'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
Lakeville is a small community located in Indiana, within St. Joseph County. The total population is 735. It ranks as the 425th most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Lakeville is 36.2 years. This is 5% lower than the state median of 38.1 years.
Economy, Income & Housing
The median household income in Lakeville is $62,772. This is 13% lower than the state median of $71,957. It is also 22% lower than the national median of $80,734. The poverty rate stands at 17.5%. This is 42% higher than the state poverty rate of 12.3%. The unemployment rate is 2.6%. This is 38% lower than the state rate of 4.3%. The median home value is $136,500. Housing costs are 37% lower than the state median of $218,200. With a home-value-to-income ratio of just 2.2x, Lakeville is one of the most affordable housing markets in the area. 43.5% of occupied housing units are owner-occupied. This homeownership rate is 38% lower than the state average of 70.5%.
Race & Ethnicity
Lakeville has a predominantly White (non-Hispanic) population, comprising 91.6% of all residents. Hispanic or Latino residents account for 3.1%. The Hispanic or Latino population (3.1%) is well below the state average of 8.6%.
Education
14.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 50% 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 91.6%.
Data Sources & Methodology
All demographic data for Lakeville, 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.
Free data download: Get all Indiana city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Lakeville, Indiana?
Lakeville, Indiana has a population of 735 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Lakeville, IN?
The median household income in Lakeville is $62,772, which is 22% lower than the national median of $80,734.
What is the poverty rate in Lakeville, IN?
The poverty rate in Lakeville is 17.5%. This means approximately 129 residents live below the federal poverty line.
What is the racial makeup of Lakeville, Indiana?
Lakeville's population is 91.6% White, 0.0% Black, 3.1% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Lakeville, IN?
The median home value in Lakeville is $136,500. The home-value-to-income ratio is 2.2x.
How educated is Lakeville, Indiana?
14.7% of adults (25+) in Lakeville hold a bachelor's degree or higher, and 8.2% hold a graduate or professional degree.