The Lake Village Census Designated Place had a population of 752 as of July 1, 2019. Lake Village ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.
The primary coordinate point for Lake Village is located at latitude 41.1375 and longitude -87.4486 in Newton County. The formal boundaries for the Lake Village Census Designated Place encompass a land area of 3.94 sq. miles and a water area of 0 sq. miles. Newton County is in the Central time zone (GMT -6). The elevation is 659 feet.
The Lake Village Census Designated Place (GNIS ID: 2393086) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.
Alternate Unofficial Names for Lake Village: Lake Villiage.
HOUSING AFFORDABILITY INDEX
|Lake Village, IN Housing Affordability Index is 214 |
State of Indiana Housing Affordability Index is 180
|The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.|
|Lake Village, IN Wealth Index is 73 |
State of Indiana Wealth Index is 81
|The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.|
These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.
More Tools and Resources:
|Total Population||752 (100%)|
|Population in Households||752 (100.0%)|
|Population in Families||648 (86.2%)|
|Population in Group Quarters1||0|
|Median Household Income||$60,768|
|Average Household Income||$72,224|
|Per Capita Income||$28,783|
|Total Housing Units||316 (100%)|
|Owner Occupied HU||225 (71.2%)|
|Renter Occupied HU||54 (17.1%)|
|Vacant Housing Units||37 (11.7%)|
|Median Home Value||$154,392|
|Housing Affordability Index3||214|
|Average Household Size||2.7|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.19%|
|Per Capita Income||2.26%|
The table below compares Lake Village to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 395||42nd|
|Population Density||# 645||5th|
|Diversity Index||# 220||68th|
|Median Household Income||# 192||72nd|
|Per Capita Income||# 208||70th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.