HomeColoradoHinsdale CountyLake City town
Lake City town, Colorado: commercial real estate data.
Lake City town is a Census town of 561 people across 0.83 square miles of land, in Hinsdale County. Median household income is $61,919, 63.9 percent of occupied homes are owned, and the SBA record carries 7 7(a) approvals to borrowers here worth $5.3 m.
66 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Lake City
What Lake City is
- Census place typetown
- Land area0.83 sq mi
- Water area0.01 sq mi
- Population per square mile of land678 plus or minus 182
- County holding the largest share of its areaHinsdale 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
- Population561 plus or minus 151
- Median age47.3
- Population under 18104 plus or minus 45
- Share under 1818.5 percent plus or minus 6.3
- Population 65 and over114 plus or minus 46
- Share 65 and over20.3 percent plus or minus 6.1
- Households288 plus or minus 85
- Family households236 plus or minus 83
- Share of households that are families81.9 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$61,919 plus or minus $29,204
- Per capita income$44,412
- Civilian labor force287 plus or minus 99
- Employed287 plus or minus 99
- Unemployed0
- Unemployment rate0.0 percent
- Adults 25 and over417 plus or minus 110
- Adults 25 and over with a high school diploma or higher100.0 percent
- Adults 25 and over with a bachelor degree or higher45.8 percent plus or minus 11.7
- Adults 25 and over with a graduate degree20.4 percent plus or minus 10.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
Housing in Lake City
- Housing units506
- Occupied units288 plus or minus 85
- Vacant units218 plus or minus 47
- Vacancy rate43.1 percent
- Owner occupied184 plus or minus 63
- Renter occupied104 plus or minus 66
- Ownership rate63.9 percent
- Median owner-occupied home value$428,600 plus or minus $119,526
- Median gross rent, monthly$1,180
- Annual rent as a share of median income22.9 percent plus or minus 11.2
- Single family units435
- Share single family86.0 percent plus or minus 23.7
- Units in buildings of two or more62 plus or minus 50
- Share in buildings of two or more12.3 percent plus or minus 9.6
- Mobile homes9 plus or minus 14
- Median year structure built1982
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 commute224 plus or minus 100
- Commuting under 15 minutes183 plus or minus 77
- Share commuting under 15 minutes81.7 percent plus or minus 50.2
- Commuting 30 minutes or more0
- Share commuting 30 minutes or more0.0 percent
- Drove alone45.3 percent plus or minus 26.0
- Carpooled10.1 percent plus or minus 7.2
- Public transport0.0 percent
- Walked19.9 percent plus or minus 14.5
- Worked from home22.0 percent plus or minus 10.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
SBA loans in Lake City (7(a))
- Approvals7
- Gross approval$5,302,100
- Average approval$757,443
- Median approval$360,000
- Ninetieth percentile approval$2,325,000
- Largest approval$2,325,000
- Jobs supported33
- Jobs per approval4.7
- Loans with a final outcome2
- Paid in full1
- Charged off1
- Median term299 months
- Share on real estate terms of 20 years or more57.1 percent
- Share to franchises0.0 percent
- Distinct lenders5
- Distinct industries by NAICS6
A charge-off rate is not published here. only 2 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hinsdale County, not Lake City
Hinsdale County context, not Lake City figures
These are Hinsdale County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Lake City measurements.
- Establishments in Hinsdale County66
- Employment at those establishments, Hinsdale County127
- Covered employment, Hinsdale County307
- Average annual pay, Hinsdale County$40,561
- Average weekly wage, Hinsdale County$780
- Housing units permitted, Hinsdale County16
- Of those, single family, Hinsdale County16
- County product, 2024, Hinsdale County$56,373,000
- County product change over the prior year, Hinsdale County-0.1 percent
Every figure in this section is published for Hinsdale County as a whole and is not a measurement of Lake City. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Lake City questions, answered from the record.
How many people live in Lake City, Colorado?
561, in 288 households. Lake City town covers 0.83 square miles of land, which is 678 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?
Hinsdale 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?
$61,919. The median owner-occupied home is valued at $428,600. Median gross rent is $1,180 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lake City businesses?
7 7(a) approvals totalling $5.3 m, across 5 lenders, median approval $360,000. These count approvals to borrowers whose address is in Lake City, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lake City borrowers get paid back?
No rate is published for Lake City. only 2 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Lake City figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Hinsdale 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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