Kakariko Village, no doubt. It seems like it would be the only easy place to live. Living in Castle Town doesn't really appeal to me, and if I was a Kokiri, I wouldn't be able to leave the forest. Lake Hylia is like, miles away from civilization. (There's also the creepy scientist) Lon Lon Ranch is owned property, not a village, and I'd rather not be a farmer. All those other places are the places that the other races live, and I think I would like it most to be Hylian.
So... Kakariko Village.