Lakeville, IN demographics:
population, income, and more

Total population
735
9.9% year-over-year change
Median household income
$62,772/yr
13.8% year-over-year change
Housing units
418
3.2% year-over-year change

Lakeville population

How many people live in Lakeville

Lakeville is home to 735 residents, according to the most recent Census data. Gender-wise, 41% of Lakeville locals are male, and 59% are female.

Total population
735
9.9% year-over-year change
Gender ratio
Male
41%
301
Female
59%
434
Value Percent YoY change
Male 301 41% 7.1%
Female 434 59% 11.9%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Lakeville is 36, with the population distributed as follows: about 16.5% are children under 15, then 14% are in the 15 to 24 age group. Adults between 25 and 44 make up 28% of the population, while another 25% fall into the 45 to 64 bracket. Finally, around 16.5% are 65 or older.

Median age
36.2
Age breakdown
Under 15
16.5%
15 to 24
14%
25 to 44
28%
45 to 64
25%
Over 65
16.5%
Value Percent YoY change
Under 15 121 16.5% 5.2%
15 to 24 103 14% -2.8%
25 to 44 206 28% 23.4%
45 to 64 184 25% 8.2%
Over 65 121 16.5% 9.0%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Lakeville, 98.2% of the population are US-born citizens, while 1.8% have gained naturalized citizenship. There’s also a share of 1.8% that includes residents with two or more races.

Citizenship
U.S.-born citizens
98.2%
Non-U.S.-born citizens
1.8%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 722 98.2% 9.1%
Non-U.S.-born citizens 13 1.8% 85.7%
Racial breakdown
White
92.9%
Black or African American
0%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
1.8%
Other
5.3%
Value Percent
White 683 92.9%
Two or more races 13 1.8%
Other 39 5.3%

Households in Lakeville

A peek inside Lakeville households

Lakeville has 345 households, with an average of 2 members in each. Of these, 54.2% are families, while the remaining 45.8% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
345
4.2% year-over-year change
Average people per household
2
Non-family households
158
Family households
187
Value Percent YoY change
Non-family households 158 45.8% -6.0%
Family households 187 54.2% 14.7%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Lakeville

The housing landscape of Lakeville

Lakeville's housing consists of 418 units, with 39% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 10.3% and offer a more compact, shared living style.

Housing units
418
3.2% year-over-year change
Housing types
Value Percent
1 unit, detached 163 39%
1 unit, attached 43 10.3%
2 units 5 1.2%
3 or 4 units 60 14.4%
5 to 9 units 99 23.7%
10 to 19 units 34 8.1%
20 to 49 units 7 1.7%
50 or more units 7 1.7%
Homes built since 2020
0
% year-over-year change

The age of buildings in Lakeville

In Lakeville, the median construction year is 1983. About 22.2% of homes were built before the 1940s, with another 5% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 93 22.2% 4.5%
Built between 1940 and 1949 21 5% 0.0%
Built between 1950 and 1959 49 11.7% 36.1%
Built between 1960 and 1969 13 3.1% -27.8%
Built between 1970 and 1979 20 4.8% 42.9%
Built between 1980 and 1989 52 12.4% 30.0%
Built between 1990 and 1999 63 15.1% -26.7%
Built between 2000 and 2009 53 12.7% 47.2%
Built between 2010 and 2019 54 12.9% -16.9%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Lakeville occupancy rates

Out of the 345 occupied housing units in Lakeville, 43.5% are owner-occupied, while 56.5% are lived in by tenants. Meanwhile, 17.5% of all homes on the local market sit vacant.

Occupied housing units
345
4.2% year-over-year change
Occupancy breakdown
Renter occupied
195
Owner occupied
150
Value Percent YoY
change
Renter occupied 195 56.5% 3.7%
Owner occupied 150 43.5% 4.9%
Unoccupied housing units
17.5%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Lakeville housing costs

Housing costs in Lakeville come to a median of $900 per month, while tenants specifically pay a median gross rent of $797.

Median housing costs per month
$900/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Lakeville
$797/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Lakeville

Lakeville education at a glance

About 56.2% of the population in Lakeville went to high school, while 20.7% pursued college studies. Another 8.9% earned an associate degree and 5.8% hold a bachelor’s. Meanwhile, 7.4% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 5 0.9% 25.0%
High school diploma 317 56.2% 12.0%
College diploma 117 20.7% 8.3%
Associate degree 50 8.9% -15.2%
Bachelor's degree 33 5.8% -5.7%
Graduate degree 42 7.4% 23.5%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Lakeville

How much people earn in Lakeville

The average annual household income in Lakeville was $66,610 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +8.9% change from the previous year. At the same time, the median income stood at $62,772, reflecting a +13.8% shift over the same period.

Average household income in Lakeville
$66,610/year
8.9% year-over-year change
Median household income in Lakeville
$62,772/year
13.8% year-over-year change

Lakeville income by age

In Lakeville, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $70,729. Those with someone between 45 and 64 in charge, often well established professionally, earn $65,500 overall. Overall, 82.4% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $70,729 4.3%
45 - 64 $65,500 16.4%
Over 65 $33,125 -4.2%
Above poverty level
606
Below poverty level
129
Value Percent YoY
change
Above poverty level 606 82.4% 7.8%
Below poverty level 129 17.6% 33.0%

Average renter income in Lakeville

To get a better sense of what renters earn on average in Lakeville, their median household income was $34,063 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 28.1%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$34,063
Rent-to-income ratio
28.1%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Lakeville

Workforce and job types in Lakeville

The job market in Lakeville is powered by 404 working residents, spread across a range of industries and roles. 77.7% of the working population are employed in professional or administrative positions, while 22.3% are in hands-on or service-based jobs. Also, 1% run their own businesses, 77.5% are employed by private companies, and 5.9% work in the public sector.

Workforce demographics

Working population
404
11.0% year-over-year change
White collar
314
Blue collar
90
Value Percent YoY change
White collar 314 77.7% 15.9%
Blue collar 90 22.3% -3.2%
Employer type
Self employees
1%
Private companies
77.5%
Governmental workers
5.9%
Not for profit companies
15.6%
Value Percent YoY change
Self employees 4 1% 0.0%
Private companies 313 77.5% 11.0%
Governmental workers 24 5.9% 0.0%
Not for profit companies 63 15.6% 16.7%
Unemployment rate
2.6%
0.0% year-over-year change

Available workforce

The unemployment rate in Lakeville stands at 2.6%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Lakeville

How people get around in Lakeville

Means of transportation
Value Percent YoY change
Car 375 92.8% 13.3%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Lakeville by zipcode?

Zipcode Population Number of households Median income Average income
46536 2,964 1,222 $78,448 $94,769

Explore more communities

FAQs about Lakeville demographics 

What is the total population of Lakeville?

Lakeville has a total population of 735 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +9.9% compared to a year ago.

What is the gender ratio in Lakeville?

The gender ratio in Lakeville is as follows:
  • 41% males (301 residents)
  • 59% females (434 residents)

What is the median age in Lakeville?

The median age in Lakeville is 36.2.

What is the age distribution of the population in Lakeville?

The age distribution in Lakeville is as follows:
  • Under 15: 16.5% (121 residents)
  • Ages 15-24: 14% (103 residents)
  • Ages 25-44: 28% (206 residents)
  • Ages 45-64: 25% (184 residents)
  • Over 65: 16.5% (121 residents)

What is the racial and ethnic makeup of Lakeville?

The racial and ethnic makeup of Lakeville is as follows:
  • White: 92.9% (683 residents)
  • Black or African American: 0% (0 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 1.8% (13 residents)
  • Other: 5.3% (39 residents)

What percentage of the population in Lakeville are U.S.-born citizens?

U.S.-born citizens represent 98.2% of the population in Lakeville.

How many housing units are there in Lakeville?

There are 418 housing units in Lakeville, reflecting a +3.2% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Lakeville and what is the average household size?

Lakeville has a total of 345 households, with an average of 2 people in each.

What is the median household income in Lakeville?

Lakeville has a median household income of $62,772, representing a +13.8% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Lakeville?

The employment rate is 97.4% in Lakeville, with a workforce of 404 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 77.7% (314 residents)
  • Blue-collar workers: 22.3% (90 residents)

Places of employment:
  • Self-employed: 1% (4 residents)
  • Private companies: 77.5% (313 residents)
  • Governmental workers: 5.9% (24 residents)
  • Not-for-profit companies: 15.6% (63 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025