Is Heritage Lake a good place to live?
One weak subject stands out against an otherwise good record. Cost of living is its strong suit (A): a typical home costs about $263K, 3.4 years of the Greencastle area’s $78K median household income. The catch is walkability. Most errands need a car: it is less walkable than 96% of U.S. towns. Put together, the subjects come to a B+ overall, better than two thirds of U.S. towns. That places it 247th of 585 in Indiana. On history, just 1 of Indiana’s 1,098 towns do worse. Heritage Lake's schools outperform just over four fifths of the state's.
Figures: home values, Zillow · incomes, Census ACS, 2020–24 · schools, state test and graduation results · National Register of Historic Places.
How Heritage Lake grades
Each subject compared with towns across the country (schools within Indiana), ordered by how far Heritage Lake is from typical.
Its grades run from A for cost of living (better than 89% of comparable towns) to D− for walkability (better than 4%), so the B+ overall blends very different results.
How TownRatings grades towns →
98% of working residents leave Heritage Lake for work
Where Heritage Lake’s working residents go each day. Line width shows the share.
Census LEHD 2023
The data
Ordered by what stands out in Heritage Lake.
Heritage Lake trades lower home prices for longer drives to work and sends most of its workers to Indianapolis and beyond.
Few of Heritage Lake’s working residents work in town
Heritage Lake has 76 jobs for its 1,634 working residents: even if every job went to a resident, most would still commute out.
In Heritage Lake, the average trip to work is 30 minutes, where Indiana’s towns sit at 24 minutes and U.S. towns at 25 minutes. Just 2% of the town’s working residents have a job in town. Jobs based in Heritage Lake grew to 76 in 2023, 42 more than in 2013. 13% of Heritage Lake residents live below the poverty line.
| Heritage Lake | Indiana towns | U.S. towns | |
|---|---|---|---|
| Average trip to work | 30 minutes | 24 minutes | 25 minutes |
| Working residents who work in town | 2.1% | 11% | 8% |
| Below the poverty line | 13% | 10% | 9.6% |
| Median household income | $88,000 | $71,000 | $80,000 |
Where working residents work
Census LEHD 2023 · ACS
Expect four seasons and pleasant summers in Heritage Lake
In July, afternoons reach 83°; in January, nights fall to 19°, and about 22 inches of snow falls in a winter.
Typical low → high °F
NOAA U.S. Climate Normals, 1991–2020
More young adults than Indiana overall
14% of residents are 65 or older in Heritage Lake, below both Indiana’s towns (18%) and U.S. towns (18%). Adults 18 to 34 are 31% of residents (23% statewide). Among adults 25 and older, 25% have a four-year degree or more, against 30% across Indiana.
| Heritage Lake | Indiana towns | U.S. towns | |
|---|---|---|---|
| Median age | 33.9 years | 39.5 years | 40.5 years |
| Aged 65 or older | 14% | 18% | 18% |
| Under 18 | 22% | 23% | 22% |
| Bachelor’s degree or more, 25+ | 25% | 22% | 29% |
Ages · share of residents
Education · adults 25 and older
Women and men · all residents
52% women, 48% men
That’s an even split within the survey’s margin of ±4.5 points. Across Indiana, 50.4% of residents are women.
| Heritage Lake | IN | U.S. | |
|---|---|---|---|
| Under 10 | 13% | 12.4% | 11.6% |
| 10 to 17 | 8.6% | 10.9% | 10.3% |
| 18 to 24 | 5.1% | 9.6% | 9.1% |
| 25 to 34 | 25.8% | 13.1% | 13.7% |
| 35 to 44 | 7.8% | 12.7% | 13.2% |
| 45 to 54 | 14.8% | 12% | 12.2% |
| 55 to 64 | 11.6% | 12.5% | 12.7% |
| 65 to 74 | 9% | 10.1% | 10.2% |
| 75 and older | 4.5% | 6.7% | 7% |
| No diploma | 4% | 9.6% | 10.4% |
| High school | 28.2% | 32.5% | 26% |
| Some college | 35.1% | 19.3% | 19.1% |
| Associate’s | 7.6% | 9.1% | 8.8% |
| Bachelor’s | 20.7% | 18.7% | 21.6% |
| Graduate | 4.4% | 10.8% | 14.1% |
U.S. Census Bureau · ACS 2020-2024 5-year estimates · in a town of 3,200, single groups can be off by several points
Heritage Lake is less healthy than 63% of U.S. towns
Among adults in Heritage Lake, 39% sleep under 7 hours and 40% have obesity. CDC measures, 32 in all: Heritage Lake beats Indiana on 2 and trails on 1. The share of adults in Heritage Lake who have been diagnosed with depression: 27%.
| Heritage Lake | Indiana towns | U.S. towns | |
|---|---|---|---|
| Depression (CDC PLACES) | 27% | 26% | 23% |
| Sleep under 7 hours (CDC PLACES) | 39% | 37% | 36% |
| Obesity (CDC PLACES) | 40% | 39% | 35% |
| Diabetes (CDC PLACES) | 14% | 13% | 12% |
| What stands out | Heritage Lake | IN |
|---|---|---|
| Fewer uninsured adults | 6.7% | 8.9% |
| Fewer adults facing food insecurity | 11.9% | 14.7% |
| More adults who have had cancer | 9.5% | 8.3% |
CDC PLACES 2025 · modeled estimates for adults · CMS · HRSA
Heritage Lake has a moderate natural-hazard risk, chiefly from inland flooding
52% of Heritage Lake’s expected losses from natural hazards come from inland flooding, followed by tornadoes at 15%. Expected damage from storms and floods is higher here than in 53% of U.S. communities.
FEMA National Risk Index · OpenFEMA
A larger share of households in Heritage Lake own their home than in the typical Indiana or U.S. town
Homes are within reach (A for cost of living), but half of working residents commute more than 23 miles.
On the market in Heritage Lake: a median 41 days to sell. The median sale price was $332,000 in September 2026. In Heritage Lake, the typical sale closed at 98.3% of the list price.
Census ACS, 2020–24 · Zillow Home Value Index · Redfin Data Center
Everything we know about Heritage Lake
Moving to Heritage Lake: who provides what
Heritage Lake is unincorporated, so Putnam County and regional agencies provide most services.
EPA SDWIS (Oct 9, 2026) · HIFLD + EIA-861 2025 · Census 2020 ZCTAs · NCES 2024–25 · registration: vote.gov, updated Nov 18, 2024.
Colleges nearby
1 within 15 miles of the center of Heritage Lake
About 5 of every 100 Heritage Lake residents are enrolled in college, about the same as Indiana.
About Heritage Lake
Census-designated place in Indiana, United States
Heritage Lake is an unincorporated community and census-designated place in Floyd Township, Putnam County, in the U.S. state of Indiana. As of the 2020 census, Heritage Lake had a population of 3,012. The community is located in eastern Putnam County on the shores of its namesake lake. The lake is 318 acres in size.
From Wikipedia, licensed CC BY-SA 4.0 · facts via Wikidata (CC0)
- Area
- 3.5 sq mi
- Elevation
- 860 ft
- Area code
- 765
Questions about Heritage Lake
Short answers, built from the data on this page.
Is Heritage Lake, IN a good place to live?
By most measures, yes. Heritage Lake grades B+ overall, better than 67% of U.S. towns and #247 of 585 in Indiana. It grades C+ for health and A− for schools. Walkability is its weak spot, with a D−.
Is Heritage Lake, IN expensive?
Not for the area. The typical home is worth about $263,000, 2% above the Indiana typical home. Cost of living, which also weighs rents, property taxes and how many households pay 30% or more of their income for housing, grades A.
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