Lake Village, IN — income, home value, property tax, and sales tax.
ZIP code 47951, centered on Lake Village, sits in middle-income territory, with a median household income of $66,156 and per-capita income of $31,673. Home values average $115,600, and the county-level property tax rate of 0.77% keeps annual taxes on such a home near $890. Sales tax runs 7.00% on purchases. Together these figures describe a working- to middle-income area where housing costs stay within reach of local earnings, and the tax structure leans more on consumption than on property ownership.
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