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Shipshewana Lake, IN
Full City Profile · Indiana · LaGrange County County
2.9
/5.0
C+
Fair
325
Population
985/sq mi density
$68,984
Median Income
$36,315 per capita
$325,700
Home Value
$379,218 Zillow
$804
Median Rent
15.2% income on rent
50°F
Avg Temperature
275 sunny days/yr
23
Violent Crime/100K
274 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$68,984 median income, 0.0% unemployment
A
Affordability
4.0 / 5.0
$325,700 home value, $804/mo rent
F
Safety
1.0 / 5.0
23 violent crimes/100K
C
Education
2.3 / 5.0
0.0% bachelor's degree or higher
Housing Overview
Median Home Value
$325,700
16% above
US avg: $281,900
Median Rent
$804/mo
31% below
US avg: $1,163/mo
Homeownership Rate
33.3%
49% below US avg (65.4%)
Total Housing Units
161
Median year built: 1973
Home Value by Source
Census Median
$325,700
Zillow (ZHVI)
$379,218
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
33.3%
Owner-Occupied
66.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$804/mo
Affordability & Housing Stock
Rent Burden
15.2%
of renters spending 30%+ of income on housing
51% below US avg (31.0%)
Median Year Built
1973
Average age of housing stock: 53 years
Homeownership Rate
33.3%
Complete Housing Data
Home Values
| Census Median Value | $325,700 |
| Zillow Home Value (ZHVI) | $379,218 |
Rent
| Census Median Rent | $804 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
Ownership & Stock
| Owner-Occupied | 33.3% |
| Renter-Occupied | 66.7% |
| Homeownership Rate | 33.3% |
| Total Housing Units | 161 |
| Median Year Built | 1973 |
| Rent Burden | 15.2% |