Living in Heritage Lake, Indiana
Cost of living, income, home prices, rent and demographics of Heritage Lake · Census data 2020–2024
Heritage Lake has 3,227 residents with a median age of 33.9. The median household income is $87,568 (22% higher than the Indiana median), the median home value is $262,900.
Heritage Lake at a glance
- Population
- 3,227
- Median age
- 33.9State: 38.1
- Median household income
- $87,568State: $71,957
- Median home value
- $262,900State: $218,200
- Homeowners
- 97.9%
- Bachelor's degree or higher
- 25.1%
- Average commute
- 30 min
Is Heritage Lake a good place to live?
Pros: Median household income 22% higher than the Indiana median; unemployment of 3.5%.
Cons: Home values 20% higher than the state median; an average commute of 30 minutes; a poverty rate of 13.3%.
The weather is best in June to September.
Cost of living in Heritage Lake
Housing is the biggest part of the cost of living. In Heritage Lake the median home value is $262,900, 21% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,526 a month in housing costs.
Heritage Lake median household income
The median household income in Heritage Lake is $87,568 and the income per person is $42,731. 13.3% of residents live below the poverty line (Indiana: 12.3%).
Housing in Heritage Lake: homes for sale and rent
- Housing units
- 1,534
- Owner-occupied
- 97.9%
- Renter-occupied
- 2.1%
- Vacant
- 7%Includes seasonal homes
- Median year built
- 1995
- Average household size
- 2.26
Heritage Lake demographics
- Population
- 3,227
- Median age
- 33.9
- Under 18
- 21.5%
- 65 and older
- 13.5%
- Households
- 1,426
- Foreign-born
- 0.5%
- Veterans
- 10.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Heritage Lake ›
Education in Heritage Lake
25.1% of adults 25 and older in Heritage Lake have a bachelor's degree or higher (Indiana: 29.5%), and 4.4% have a graduate or professional degree.
Jobs and commute in Heritage Lake
- Unemployment rate
- 3.5%State: 4.3%
- Average commute
- 30 minState: 24 min
- Work from home
- 1.8%
- Drive alone
- 89.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 95.1%
Heritage Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Heritage Lake | 3,227 | $87,568 | $262,900 | — |
| Groveland | 209 | $88,255 | $255,700 | — |
| Coatesville | 566 | $77,625 | $180,400 | $1,227 |
| Fillmore | 895 | $85,543 | $110,000 | $1,125 |
| Bainbridge | 605 | $59,712 | $180,500 | $965 |
| Amo | 417 | $91,250 | $168,100 | $1,000 |
| Stilesville | 296 | $74,821 | $193,300 | — |
| North Salem | 741 | $68,214 | $186,500 | $1,160 |
| Roachdale | 971 | $66,216 | $143,400 | $1,002 |
More for people moving to Heritage Lake
Heritage Lake ZIP code ›Weather and climate ›Living in Heritage Lake: FAQ
What is the median household income in Heritage Lake, IN?
The median household income in Heritage Lake is $87,568, 22% higher than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Heritage Lake?
The median home value in Heritage Lake is $262,900, compared with $218,200 in Indiana.
Is Heritage Lake, IN a good place to live?
Pluses: median household income 22% higher than the Indiana median; unemployment of 3.5%. Minuses: home values 20% higher than the state median; an average commute of 30 minutes; a poverty rate of 13.3%.
What is the median age in Heritage Lake?
The median age in Heritage Lake is 33.9 years (Indiana: 38.1).
How long is the commute in Heritage Lake?
The average commute to work in Heritage Lake is 30 minutes; 1.8% of workers work from home.
What is the unemployment rate in Heritage Lake?
The unemployment rate in Heritage Lake is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Heritage Lake?
25.1% of adults in Heritage Lake have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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