HomeArkansasCraighead CountyLake City
Lake City, Arkansas: commercial real estate data.
Lake City is a Census city of 2,531 people across 3.15 square miles of land, in Craighead County. Median household income is $60,273, 65.8 percent of occupied homes are owned.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Lake City
What Lake City is
- Census place typecity
- Land area3.15 sq mi
- Water area0.03 sq mi
- Population per square mile of land803
- County holding the largest share of its areaCraighead County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
How many people live in Lake City
- Population2,531
- Median age32.1
- Population under 18636 plus or minus 130
- Share under 1825.1 percent plus or minus 5.1
- Population 65 and over418 plus or minus 115
- Share 65 and over16.5 percent plus or minus 4.5
- Households1,030
- Family households647
- Share of households that are families62.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
Income and work in Lake City
- Median household income$60,273
- Per capita income$28,750
- Civilian labor force1,305
- Employed1,214
- Unemployed91 plus or minus 56
- Unemployment rate7.0 percent plus or minus 4.2
- Adults 25 and over1,580
- Adults 25 and over with a high school diploma or higher88.5 percent
- Adults 25 and over with a bachelor degree or higher16.5 percent plus or minus 6.0
- Adults 25 and over with a graduate degree6.1 percent plus or minus 3.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
Housing in Lake City
- Housing units1,115
- Occupied units1,030
- Vacant units85 plus or minus 59
- Vacancy rate7.6 percent plus or minus 5.2
- Owner occupied678
- Renter occupied352 plus or minus 116
- Ownership rate65.8 percent
- Median owner-occupied home value$152,000
- Median gross rent, monthly$854
- Annual rent as a share of median income17.0 percent
- Single family units938
- Share single family84.1 percent
- Units in buildings of two or more124 plus or minus 58
- Share in buildings of two or more11.1 percent plus or minus 5.0
- Mobile homes53 plus or minus 39
- Median year structure built1985
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
How Lake City gets to work
- Workers 16 and over who commute1,187
- Commuting under 15 minutes392 plus or minus 148
- Share commuting under 15 minutes33.0 percent plus or minus 11.7
- Commuting 30 minutes or more372 plus or minus 147
- Share commuting 30 minutes or more31.3 percent plus or minus 11.8
- Drove alone89.9 percent
- Carpooled9.5 percent plus or minus 4.9
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home0.6 percent plus or minus 0.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
Flood risk in Lake City
- NFIP communityCity of Lake City
- NFIP community number050049
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date09/26/24
The City of Lake City participates in the National Flood Insurance Program as community 050049 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Craighead County, not Lake City
Craighead County context, not Lake City figures
- Establishments in Craighead County2,788
- Covered employment, Craighead County55,053
- Average annual pay, Craighead County$51,690
- Housing units permitted, Craighead County923
Every figure in this section is published for Craighead County as a whole and is not a measurement of Lake City.
All Craighead County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Lake City questions, answered from the record.
How many people live in Lake City, Arkansas?
2,531, in 1,030 households. Lake City city covers 3.15 square miles of land, which is 803 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lake City in?
Craighead County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Lake City?
$60,273. The median owner-occupied home is valued at $152,000. Median gross rent is $854 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Is Lake City in the National Flood Insurance Program?
Yes. Lake City appears in the FEMA Community Status Book as Lake City, city of, community 050049, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Lake City figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Craighead County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Lake City.
Is zoning published for Lake City?
No. Nothing on this page presents parcel level zoning.