Lakeville, IN

This town of 874 residents needs 14 more housing units over the next five years. Lakeville is part of the Michiana Area COG.

Housing snapshot

Population
874 (2026)
Households
335
Median household income
$73,069 (2026)
Typical home value
$295,422
Owner-occupied
36%
Five-year housing need
14 units

Comparison to other Indiana municipalities

Lakeville: $73,069 Median income (2026 estimate)
<$34K >$120K
Lakeville: None jobs to household ratio
<0.06 >2.73
Lakeville: No permit data
<0% >18.5%
On this page

How affordable is this community?

A typical home in Lakeville, IN costs $295,422, somewhat above the Indiana average of $234,139. With a median household income of $73,069 in Lakeville, IN, housing costs are a modest stretch for the typical household.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

With roughly 335 households, Lakeville, IN is growing modestly at 0.6% per year.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

The housing stock in Lakeville, IN is relatively mixed, with detached single-family as the most common type at 39%. In Lakeville, IN, renters make up the majority, with only 36% of units owner-occupied.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How does this place compare to similar communities?