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ZipNumbers

Minnesota · Census place 34784

Lake Park city, MN

Quick answer

Lake Park city has 573 residents, ranking #472 of 914 places in Minnesota. Median household income is $63,250, the median home is worth $160,900 and median gross rent runs $717 a month.

Population
573Lake Park city residents
Median household income
$63,250Past 12 months, inflation adjusted
Median home value
$160,900Owner-occupied units
Median gross rent
$717Rent plus utilities, monthly
Median age
36.8 yrsAll residents
Homeownership rate
84%Owner-occupied households

What the numbers mean in Lake Park city

Housing cost measured against local earnings.

A household earning the Lake Park city median would spend about 13.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8% of residents and 84% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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