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CITY · 2020 ACS

Lakeville

Indiana · 879 residents · 0.626 sq mi
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The short version

Lakeville has notably lower household income than the US average, with a median household income of $39,605. The city has grown rapidly, with population up 55% since 2000. 10% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value is $88,900. The poverty rate of 24.6% is well above the national figure. Households here earn about 32% less than the Indiana median.

At a glance
Lower income
below the US median
US median: $66,278
Younger
median age 35.5
US median: 38.8
Less educated
10% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
879
+55%since 2000
from 567 in 2000
1990 – 2025
Population density
1,404 / sq mi
+55%since 2000
from 906 / sq mi in 2000
US average: 280
Median age
35.5
−4%since 2000
from 37.1 in 2000
US average: 38.8
Population, 1990 – 2024
5366297238179101990201020202024Lakeville
2024735
1990201020202024
Section 02

Income & economy

Median household income
$39,605
−7%inflation adjusted, since 2000
from $28,438 in 2000
US average: $66,278
1990 – 2024
Per capita income
$19,207
+21%since 2000
from $15,885 in 2000
US average: $35,364
Households earning $100K+
21.6%
+5.4 ptssince 2009
from 16.2% in 2009
US average: 43.9%
Poverty rate
24.6%
+11.0 ptssince 2000
from 13.6% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade24.5%
US avg: 10%
Information19.9%
US avg: 11.1%
Wholesale trade8.4%
US avg: 6.7%
Other services4.3%
US avg: 6.6%
Public administration4.3%
US avg: 4.7%
Finance & insurance4%
US avg: 5.5%
Professional, scientific, technical4%
US avg: 4.7%
Transportation & warehousing1.2%
US avg: 2.5%
Agriculture, forestry, fishing0.9%
US avg: 1.7%
Construction0.9%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$88,900
−4%inflation adjusted, since 2000
from $61,700 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$770
+23%inflation adjusted, since 2000
from $416 in 2000
US average: $1,124
Owner-occupied
43.7%
−20.5 ptssince 2000
from 64.2% in 2000
56.3% rent
Afford Score
2.2
+3%since 2000
from 2.2 in 2000
1990 – 2024
RELATED:See current rent listings in Lakeville on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96.6%(548)
Black0.4%(2)
Hispanic / Latino1.6%(9)
Asian0%(0)
Other0%
Diversity Score4.8%(27)
2020
White, non-Hispanic85%(747)
Black3.1%(27)
Hispanic / Latino3.6%(32)
Asian1.1%(10)
Other3.1%(28)
Diversity Score26.5%(233)
Diversity Score
27
+448%since 2000
from 5 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
10.0%
+1.9 ptssince 2000
from 8.1% in 2000
US average: 32.9%
High school or higher
85.7%
+8.5 ptssince 2000
from 77.2% in 2000
US average: 88.5%
Graduate degree
4.4%
+2.1 ptssince 2000
from 2.2% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
22.7 min
+49%since 2000
from 15.2 min in 2000
US average: 26.9
Drive alone to work
87.6%
+31.7 ptssince 2009
from 55.9% in 2009
US average: 75.1%
No vehicle available
4.1%
−1.8 ptssince 2009
from 5.9% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
5.0%
−11.0 ptssince 2011
from 16.0% in 2011
US average: 5.4%
Labor force participation
57.8%
−7.7 ptssince 2011
from 65.5% in 2011
US average: 63.4%
Management & professional
13.7%
−49.9 ptssince 2009
from 63.6% in 2009
US average: 39.3%
Section 08

People & community

Male
51.1%
+6.4 ptssince 2009
from 44.7% in 2009
Female
48.9%
−6.4 ptssince 2009
from 55.3% in 2009
Foreign born
6.1%
+6.1 ptssince 2009
from 0.0% in 2009
US average: 13.5%
Uninsured
5.0%
−73.4 ptssince 2013
from 78.4% in 2013
US average: 8.8%
Drill deeper

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Head to head

Compare Lakeville to nearby cities

LAKEVILLE VS
South Bend
Income$55,786+41%
Home value$140,400+58%
Population103,201+11721%
SEE FULL COMPARISON →
LAKEVILLE VS
Mishawaka
Income$54,291+37%
Home value$155,500+75%
Population51,226+5768%
SEE FULL COMPARISON →
LAKEVILLE VS
Plymouth
Income$58,623+48%
Home value$131,800+48%
Population11,081+1169%
SEE FULL COMPARISON →
LAKEVILLE VS
Granger
Income$123,318+211%
Home value$331,100+272%
Population30,321+3373%
SEE FULL COMPARISON →
Frequently asked

How many people live in Lakeville, Indiana?

Lakeville, Indiana has about 879 residents according to the 2020 American Community Survey.

What is the median household income in Lakeville, Indiana?

The typical household in Lakeville, Indiana earns about $39,605 a year. Half of households make more than that, and half make less.

Is Lakeville, Indiana expensive?

In Lakeville, Indiana, the median home is worth about $88,900, and the typical rent is about $770 a month.

How educated are people in Lakeville, Indiana?

About 10.0% of adults age 25 and over in Lakeville, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Lakeville, Indiana?

About 24.6% of people in Lakeville, Indiana live below the federal poverty line.

Has Lakeville, Indiana grown since 1990?

Yes, Lakeville, Indiana has grown since 1990. The population has added about 229 residents, a change of about 35 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →