Schaefer Lake, Indiana Demographics & Population 2026

A note before these figures: with a population of 229, Schaefer Lake'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

Schaefer Lake is a small community located in Indiana. The total population is 229. It ranks as the 681st most populous out of 967 Census-designated places in Indiana.

Age Demographics

The median age in Schaefer Lake is 64.1 years. This is 68% higher than the state median of 38.1 years. 16.6% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Schaefer Lake is $130,721. This is 82% higher than the state median of $71,957. It is also 62% higher than the national median of $80,734. The ACS records no residents below the poverty line in Schaefer Lake. In a community this small the estimate rests on very few survey responses, so it should be read as an absence of measurement rather than a measured absence of poverty. The survey records no unemployed residents in Schaefer Lake, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $257,800. Housing costs are 18% higher than the state median of $218,200. With a home-value-to-income ratio of just 2.0x, Schaefer Lake is one of the most affordable housing markets in the area. 100.0% of occupied housing units are owner-occupied. This homeownership rate is 42% higher than the state average of 70.5%.

Race & Ethnicity

Schaefer Lake has a predominantly White (non-Hispanic) population, comprising 94.3% of all residents. Asian residents account for 5.7%. The Asian population is significantly higher than the state average (5.7% vs 2.6%).

Education

48.0% of residents aged 25 and older hold a bachelor's degree or higher. This places Schaefer Lake in the top 10% of all cities in the state for educational attainment. This is 63% higher 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 93.6%. Notably, 28.2% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Schaefer Lake, 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.