Everything You Should Know Before Moving to Lake Edgewood, IN
Considering a move to Lake Edgewood, IN? With a small-town population of just 1,100, Lake Edgewood offers affordable living, with median home prices around $276,000 and rents near $1,080. Residents enjoy low crime rates, a high owner-occupancy rate of 89%, and average commutes of under 30 minutes. The area features strong public schools and easy access to healthcare, all set within a friendly community and a moderate midwestern climate with plenty of sunny days.
Demographics - Lake Edgewood, IN
Demographics - Lake Edgewood, IN
Lake Edgewood is a close-knit community of approximately 1,100 residents, with a median age of 43.2, reflecting a mature and settled population. The area is predominantly White, with a balanced gender ratio and just over 3% of residents speaking languages other than English, making it a welcoming and stable place for newcomers.
Population:
1,100
Density:
540 per sq mi
Median Age:
43.2
Gender Ratio:
97 males per 100 females
Non-English Speakers Percentage:
3.2%
Ethnic Composition
White:
94.0%
Black:
1.5%
Asian:
0.7%
Others:
3.8%
Cost Of Living
What is the average cost of living in Lake Edgewood, IN?
Lake Edgewood offers an affordable lifestyle, with a median home value of $276,000 and a cost of living index below the national average at 89.5. Residents benefit from reasonable housing, grocery, and utility costs, making it an attractive option for families and retirees alike.
Median House Value:
$276,000
Gross Rent:
$1,080
Monthly Electricity Charges:
$135
Auto Insurance:
$1,210
House Owner Cost With Mortgage:
$1,500
House Owner Cost Without Mortgage:
$525
State Taxes:
Low:
3.23%
|
High:
5.75%
Cost Of Living Index:
89.5
Grocery:
93.0
Housing:
80.2
Utilities:
95.8
Transportation:
92.4
Health Care:
94.1
Miscellaneous:
89.7
Crime
Is Lake Edgewood, IN a safe place to live?
The community enjoys a low crime rate, with just 94 violent crimes and 1,030 property crimes per 100,000 people. Residents have a 1 in 1,064 chance of being a victim of violent crime, providing peace of mind for those seeking a safe environment.
Violent Crimes Per 100k:
94
Property Crimes Per 100k:
1,030
Crime Index:
1,124
Chance Of Violent Crime:
1 in 1,064
Chance Of Property Crime:
1 in 97
Weather
What is the weather like in Lake Edgewood, IN year-round?
Lake Edgewood experiences four distinct seasons, with mild summers reaching highs of 85°F and cold winters dipping to 21°F. The area receives about 41.5 inches of annual rainfall and boasts sunshine 59% of the year, offering a balanced midwestern climate.
Winter
Min:
21°F
Max:
39°F
Spring
Min:
41°F
Max:
67°F
Summer
Min:
64°F
Max:
85°F
Fall
Min:
44°F
Max:
68°F
Average Rainfall Inches:
41.5 inches
Sunny Days Percentage:
59%
Neighbors
Residents of Lake Edgewood have a median household income of $79,100 and a low poverty rate of 4.9%, reflecting a financially stable community. Nearly 95% have completed high school or higher, and the average commute time is under 30 minutes, making it convenient for working professionals.
Median Income:
$38,500
Household Income:
$79,100
Family Income:
$90,600
Per Capita Income:
$35,800
Income Male:
$46,500
Income Female:
$41,200
Poverty Rate:
4.9%
Non English Speakers:
3.2%
Rent:
$1,080
Unemployment Rate:
3.2%
Public Transport Usage:
0.6%
Commute Time:
29.4 minutes
Education
High School or Higher:
94.8%
Bachelors or More:
26.1%
Education
How are the schools in Lake Edgewood, IN?
Lake Edgewood supports strong educational opportunities with well-rated public schools and small class sizes, such as Poston Road Elementary and Martinsville High School. Residents also benefit from nearby higher education institutions, including Ivy Tech Community College and Indiana University Bloomington, both within a short drive.
Public Schools
Name:
Poston Road Elementary School
Street:
1400 Poston Rd
Phone:
765-342-8408
Students:
480
Student Teacher Ratio:
17.2
Name:
Martinsville High School
Street:
1360 E Gray St
Phone:
765-342-5571
Students:
1,350
Student Teacher Ratio:
16.3
Private Schools
Name:
Tabernacle Christian School
Street:
2189 Burton Ln
Phone:
765-342-4217
Students:
120
Colleges
Name:
Ivy Tech Community College - Bloomington
City:
Bloomington
State:
IN
Distance:
20 miles
Students:
6,800
Name:
Indiana University Bloomington
City:
Bloomington
State:
IN
Distance:
24 miles
Students:
44,000
Healthcare
Access to healthcare is strong, with two major hospitals nearby and over 92% of residents having health insurance coverage. The area maintains a solid healthcare index and has 2.1 physicians per 1,000 people, ensuring quality medical services are readily available.
Major Hospitals
Name:
Morgan Medical Center
Address:
2209 John R Wooden Dr, Martinsville, IN 46151
Phone:
(765) 342-8441
Type:
General & Surgical
Emergency Services:
Yes
Name:
IU Health Morgan
Address:
2209 John R Wooden Dr, Martinsville, IN 46151
Phone:
(765) 349-6500
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.1
Health Insurance Coverage:
92.6%
Health Care Index:
79.4
Housing Market
What is the housing market like in Lake Edgewood, IN?
The local housing market in Lake Edgewood is favorable, with a median home price of $276,000 and an owner-occupancy rate of 89.2%. Home values have seen a steady appreciation of 5.1% over the past year, making it a stable place to invest in property.
Median Home Price:
$276,000
Average Rent For 2 Bedroom:
$1,080
Owner Occupied Rate:
89.2%
Rental Vacancy Rate:
6.1%
Home Appreciation Rate (1yr):
5.1%
New Construction Rate:
1.2%
Foreclosure Rate:
0.4%
DMV Information
Residents are served by the Indiana Bureau of Motor Vehicles located in Martinsville, offering convenient access to licensing and vehicle services. The DMV provides standard state services, with information available online and by phone for added convenience.
State:
Indiana
Department:
Indiana Bureau of Motor Vehicles
Address:
304 E. South St, Martinsville, IN 46151
Phone:
888-692-6841
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.