Lakeville, IN population, income and ZIP codes

Lakeville town is a very small community in Indiana, with 669 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #444 of 976 ranked by population — larger than 54% of them. The median age here is 39.2 years against 39.1 nationally, a slightly older profile than the country as a whole. 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 Lakeville town earn a median of $55,179 a year, 29.7% below the national figure of $78,538 and 10% below the $61,527 median for the 355 Indiana cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 14.5% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Lakeville town is valued at $122,300, 59.7% below the national figure and 16% below the $145,600 peer median, while median gross rent runs $769 a month, 45.3% below the national figure, or roughly $9,228 across a full year. A household on the local median income would put about 16.7% 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 2.2×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 43.2% of occupied homes are owner-occupied versus 65% nationally, a renter-majority market, so rent figures matter more here than the home-value line. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

With 669 residents, a handful of survey responses moves every median on this page. Compare Lakeville town against its county rather than against national figures.

All values below were released by the Census for this exact geography, with no gap-filling on our side. 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.