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Lake Village

Lake Village

Located in Newton County

$345,164 Average Value
$194 Average Price per Sq Ft
9 Homes For Sale

Lake Village offers rural Indiana charm near Chicago

Lake Village is a rural community in north Newton County that draws people looking for a small town feel and homes on multiple acres, and some who are looking to save money. “We’ve been getting a lot of people moving from Chicago because the taxes are so high there. You get the big tax break here and can still be close to your family in Illinois,” says Corine Beard, a Realtor with Trueblood Real Estate who sells throughout Northwest Indiana. With the Windy City only about 60 miles away, Lake Village residents have access to a bit of city life, plus get the best of rural life: proximity to rivers and nature preserves, homes on sprawling lots and plenty of charm.

Homes range from ranch-style to split-level on large lots

Houses in Lake Village are a mix of New Traditional, ranch-style, bungalows and split level. They sit on lawns landscaped with grass and trees. Some properties sit on multiple acres which residents can use for oversized garages and in-ground pools. Prices range from $165,000 to $580,000. Higher prices homes tend to exceed 2,000 square feet, sit on an acre or more, were built in the 2020s or all the above.

Open enrollment options at North Newton School Corporation

North Newton School Corporation serves the community and rates a C on Niche. Families can request open enrollment within the district or apply for out-of-district transfers, which are accepted based on capacity and policy rather than random selection. Kids can start school at Lake Village Elementary and end at North Newton Junior-Senior High. Both schools have C ratings on Niche. Ninth, 10th and 11th graders at North Newton take the PSAT in the fall to help them prepare to take the SAT in 12th grade. Seniors do not take the PSAT but rather participate in community service on test day.

Nature preserves, hiking trails and bison herds nearby

The nearby Conrad Savanna Nature Preserve features a two-mile hike among black and white oak trees and the wildlife living there. More wildlife is located at the Efroymson Prairie at Kankakee Sands, a preserve filled with endangered insects, plants and animals, including about 100 bison. North of Lake Village is the Kankakee River, which is popular for boating and fishing. Within the community, the Lake Village Community Center offers a baseball field, playground and tennis courts, and for golf, they head to Lugene Links, a public course off North 300 W.

Essentials are available at home, but most shopping is nearby

Services like the post office, public library and houses of worship are located on or near Main Street. Family Dollar is near the community’s south side and where residents pick up essentials. Restaurants, more shopping options and hospitals are about 25 miles away in Kankakee and about 35 in Merrillville.

Farmers market and car show bring neighbors together

The Lake Village Community Center hosts regular events like a month’s farmers market in the summer and, in conjunction with the Amateur Radio Association of Newton County Indiana (ARANCI), a car show each September where entrants have the chance to win trophies and cash prizes.

U.S. Highway 41 connects Lake Village to nearby cities

Residents get around by car, due to the community’s lack of a fixed route bus line. U.S. Highway 41 runs through the west side of town and connects to nearby cities. County Road 1000 runs along the north side. Chicago O'Hare International is the closest major airport and is around 80 miles away.

The Lake Aero neighborhood, located just north of Lake Village, has a private airstrip for residents with private planes, but Beard says noise is not an issue. “It’s not busy. You don’t see planes taking off all the time or anything.”

Sara Huffman
Written By
Sara Huffman

Interested in learning more about homes in this area? Reach out to Steven Dokich, an experienced agent in this area.

Agents Specializing in this Area

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Lake Village Housing Trends

Housing Trends

Median List Price
$369,900
Median Sale Price
$312,450
Median Single Family Sale Price
$325,000
Median Change From 1st List Price
2%
Last 12 months Home Sales
34
Median Home Sale Price YoY Change
-17%
Average Price Per Sq Ft
$194

Area Facts

Number of Homes
903
Number of Homes for Sale
9
Median Year Built
1977
Months of Supply
3.20
Average Single Family Home Size Sq Ft
1,829
Below the national average
1,929
Average Townhouse Size Sq Ft
2,800
Median Lot Size Sq Ft
36,154

Open Houses

  • Saturday, Nov 8
    Open Sat 1PM - 3PM

    1062 E 888 N, Lake Village, IN 46349

    $689,000

    • 3 Beds
    • 2.5 Baths
    • 3,888 Sq Ft
    • 1062 E 888 N

    Welcome to your private retreat! This beautifully maintained brick ranch is nestled on 4.25 serene acres, offering peace, privacy, and endless possibilities. Inside, you'll find a warm and inviting layout perfect for comfortable living and entertaining. A primary suite with ample storage and large walk-in tile shower. Perfectly oversized bonus room to create any space you need for a quiet

    Jessica Halliar RE/MAX Executives

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Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Lake Village Has More Owners

Demographics

Total Population
721
Median Age
48
Population under 18
20.7%
On par with the national average
23.8%
Population over 65
21.5%
On par with the national average
19.1%

Finances

Median Household Income
$75,500
Above the national average
$71,702
Average Household Income
$80,328

Education and Workforce

High School Graduates
89%
College Graduates
10.3%
Below the national average
34.1%
Advanced Degrees
2.1%
Below the national average
13.3%
% Population in Labor Force
63.5%

Weather

Annual Precipitation
39''
Average Winter Low Temperature
16°F
Average Summer High Temperature
84°F
Annual Snowfall
20''

Area Factors

Somewhat Bikeable

Bike Score®®

25 / 100

Car-Dependent

Walk Score®®

2 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Lake Village
Steven Dokich
New Chapter Real Estate
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