The Town FilesLake Village, Indiana
Community in Newton County · population 748 (2020 Census)
- Median home
- $250,500
- Household income
- $85,078
- Jan low / Jul high
- 15° / 84°
- Snow a year
- 30 in
- Tornadoes ≤10 mi since 1950
- 35
- Median age
- 59.3
Lake Village is a community of 748 people in Newton County, Indiana. The median home is worth $250,500, above the typical Indiana town ($150,400). It ranks quieter than 96% of Indiana towns, easier by car than 84% of Indiana towns.
How Lake Village ranks
Percentile among Indiana towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Indiana towns.
Homes and cost of living
The median home in Lake Village is worth $250,500, above the typical Indiana town ($150,400). Homes cost about 2.9 times the median household income of $85,078, which is more affordable than 29% of Indiana towns. 77.8% of households own their home.
| Housing | Lake Village | Typical Indiana town |
|---|---|---|
| Median home value | $250,500 | $150,400 |
| Median rent | — | $888 |
| Median household income | $85,078 | $61,953 |
| Home value ÷ income | 2.9× | 2.5× |
| Homeownership | 77.8% | 73.4% |
| Median year built | 1953 | 1966 |
| Seasonal / vacation homes | 0.0% | — |
Who lives in Lake Village
| People | Lake Village | Typical Indiana town |
|---|---|---|
| Median age | 59.3 | 38.9 |
| Age 65 and over | 29.9% | 17.1% |
| Under 18 | 6.2% | — |
| Bachelor's degree or higher | 15.5% | 17.4% |
| Below the poverty line | 19.1% | 11.6% |
| Veterans | 14.2% | — |
| Born outside the U.S. | 0.0% | — |
| Work from home | 19.3% | 6.2% |
| Average commute | 44.3 min | 24.7 min |
| Homes with broadband | 77.3% | 89.2% |
Weather in Lake Village
July highs average 83.5°F and January lows 15.0°F. About 39.9 inches of rain and melted snow fall a year, with 29.7 inches of snow (typical Indiana town: 21.1 in). Expect about 16 days a year at 90°F or hotter and 136 nights at or below freezing.
Tornadoes, storms and disasters
35 tornadoes have passed within 10 miles of Lake Village since 1950, compared with 23 for the typical Indiana town. 13 rated (E)F2 or stronger. The strongest, an F4, struck on April 17, 1963 about 2.1 miles from the town center. Tornadoes within 10 miles have caused 5 deaths and 103 injuries since 1950. The most recent was on June 11, 2026.
Hail of 1 inch or larger has been reported within 10 miles 15 times; the largest was 1.75 inches on May 7, 2023.
Severe weather in Newton County since 1996
Newton County has been included in 19 federal disaster or emergency declarations since 1953, most often for flood, hurricane, snowstorm.
| Declared | Incident | Declaration |
|---|---|---|
| August 15, 2026 | Flood | EM-3651: Severe Storms, Straight-Line Winds, Tornadoes, And Flooding |
| January 24, 2026 | Winter Storm | EM-3641: Severe Winter Storm |
| April 3, 2020 | Biological | DR-4515: Covid-19 Pandemic |
| March 13, 2020 | Biological | EM-3456: Covid-19 |
| May 4, 2018 | Flood | DR-4363: Severe Storms And Flooding |
Jobs and pay in Newton County
Newton County had 3,237 jobs in 2024, paying an average of $48,666 a year. Unemployment was 3.9% in 2023; in Lake Village itself the ACS puts it at 0%.
Public schools in Lake Village
1 public school with 171 students, about 14.2 students per teacher.
| School | Grades | Students | Per teacher |
|---|---|---|---|
| Lake Village Elementary School | K-6 | 171 | 14.3 |
Towns near Lake Village
- Roselawn, IN7.6 mi · 4,132 people · home $201,900
- Hopkins Park, IL9.7 mi · 597 people · home $91,700
- Lowell, IN11.1 mi · 10,680 people · home $248,000
- Momence, IL11.9 mi · 3,117 people · home $154,800
- Grant Park, IL12.8 mi · 1,294 people · home $215,800
- Morocco, IN12.9 mi · 1,081 people · home $113,900
- Lake Dalecarlia, IN14.4 mi · 1,332 people · home $327,100
- St. Anne, IL16.3 mi · 1,161 people · home $154,900
Lake Village questions
Is Lake Village, Indiana a good place to retire?
On The Town Files lifestyle rankings, Lake Village scores better for retirees than 18% of Indiana towns and quieter than 96%. 29.9% of residents are 65 or older (median age 59.3).
How much does a house cost in Lake Village?
The median owner-occupied home in Lake Village is valued at $250,500 (Census ACS 2020–2024), against a median household income of $85,078, so homes cost about 2.9 times income. Median rent is — a month.
What is the weather like in Lake Village?
July highs average 83.5°F and January lows 15.0°F (NOAA 1991–2020 normals). It gets about 39.9 inches of precipitation a year and 29.7 inches of snow.
Does Lake Village get tornadoes?
35 tornadoes have passed within 10 miles of Lake Village since 1950 (NOAA Storm Events); the strongest was a F4 on April 17, 1963. The typical Indiana town has had 23.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)