Lake of the Woods, IN population, income and housing data

Lake of the Woods CDP is a very small community in Indiana, with 658 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #448 of 976 ranked by population — larger than 54% of them. The median age here is 54.4 years against 39.1 nationally, a markedly older profile that usually tracks retirees staying put and younger households leaving for work. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Lake of the Woods CDP earn a median of $64,375 a year, 18% below the national figure of $78,538 and 5% above the $61,527 median for the 355 Indiana cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 6.4% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Lake of the Woods CDP is valued at $189,600, 37.5% below the national figure and 30% above the $145,600 peer median, while median gross rent runs $1,020 a month, 27.5% below the national figure, or roughly $12,240 across a full year. A household on the local median income would put about 19% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.9×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 63.6% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

A median age of 54.4 puts Lake of the Woods CDP well into retirement-weighted territory, which pulls median household income down even where household wealth is high, because retirement draws are counted differently from wages. With 658 residents, a handful of survey responses moves every median on this page. Compare Lake of the Woods CDP against its county rather than against national figures.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.