Ypacaraí is a town in the Central Department of Paraguay on Lake Ypacarai. On the road system, it is located between Asunción and Caacupé. In 2004, the village had a population of 30,150, and is 64.1 m above sea level. Notable agricultural crops of the area include tobacco and cotton. Lake Ypacaraí is popular with tourists and locals in the landlocked nation of Paraguay.