HomeIowaWinnebago CountyLake Mills city
Lake Mills city, Iowa: commercial real estate data.
Lake Mills city is a Census city of 2,088 people across 2.71 square miles of land, in Winnebago County. Median household income is $61,875, 62.8 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $38,400.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Lake Mills
What Lake Mills is
- Census place typecity
- Land area2.71 sq mi
- Water area0.03 sq mi
- Population per square mile of land769
- County holding the largest share of its areaWinnebago 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 Mills
How many people live in Lake Mills
- Population2,088
- Median age46.2
- Population under 18364 plus or minus 92
- Share under 1817.4 percent plus or minus 3.9
- Population 65 and over486 plus or minus 105
- Share 65 and over23.3 percent
- Households993
- Family households570
- Share of households that are families57.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Mills
Income and work in Lake Mills
- Median household income$61,875 plus or minus $12,605
- Per capita income$35,450
- Civilian labor force1,176
- Employed1,157
- Unemployed19 plus or minus 20
- Unemployment rate1.6 percent plus or minus 1.7
- Adults 25 and over1,565
- Adults 25 and over with a high school diploma or higher93.5 percent
- Adults 25 and over with a bachelor degree or higher18.0 percent plus or minus 5.8
- Adults 25 and over with a graduate degree4.3 percent plus or minus 3.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Mills
Housing in Lake Mills
- Housing units1,100
- Occupied units993
- Vacant units107 plus or minus 62
- Vacancy rate9.7 percent plus or minus 5.6
- Owner occupied624
- Renter occupied369 plus or minus 104
- Ownership rate62.8 percent
- Median owner-occupied home value$122,600
- Median gross rent, monthly$624
- Annual rent as a share of median income12.1 percent plus or minus 3.1
- Single family units879
- Share single family79.9 percent
- Units in buildings of two or more216 plus or minus 81
- Share in buildings of two or more19.6 percent plus or minus 7.1
- Mobile homes5 plus or minus 7
- Median year structure built1964
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Mills
How Lake Mills gets to work
- Workers 16 and over who commute1,033
- Commuting under 15 minutes624 plus or minus 134
- Share commuting under 15 minutes60.4 percent
- Commuting 30 minutes or more192 plus or minus 81
- Share commuting 30 minutes or more18.6 percent plus or minus 7.5
- Drove alone86.8 percent
- Carpooled7.4 percent plus or minus 4.1
- Public transport0.0 percent
- Walked1.5 percent plus or minus 1.2
- Worked from home4.4 percent plus or minus 2.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Mills
SBA loans in Lake Mills (7(a))
- Approvals2
- Gross approval$38,400
- Average approval$19,200
- Median approval$19,200
- Ninetieth percentile approval$19,200
- Largest approval$19,200
- Jobs supported0
- Jobs per approval0.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term84 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS2
A charge-off rate is not published here. only 1 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.
Lake Mills
SBA loans in Lake Mills (504)
- Approvals1
- Gross approval$128,000
- Average approval$128,000
- Median approval$128,000
- Largest approval$128,000
- Jobs supported0
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Winnebago County, not Lake Mills
Winnebago County context, not Lake Mills figures
These are Winnebago 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 Mills measurements.
- Establishments in Winnebago County300
- Employment at those establishments, Winnebago County6,043
- Covered employment, Winnebago County4,041
- Average annual pay, Winnebago County$47,021
- Average weekly wage, Winnebago County$904
- Housing units permitted, Winnebago County4
- Of those, single family, Winnebago County4
- County product, 2024, Winnebago County$690,062,000
- County product change over the prior year, Winnebago County8.9 percent
- Average income of an arriving household, Winnebago County$51,253
Every figure in this section is published for Winnebago County as a whole and is not a measurement of Lake Mills. 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. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
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 Mills questions, answered from the record.
How many people live in Lake Mills, Iowa?
2,088, in 993 households. Lake Mills city covers 2.71 square miles of land, which is 769 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lake Mills in?
Winnebago 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 Mills?
$61,875. The median owner-occupied home is valued at $122,600. Median gross rent is $624 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 Mills businesses?
2 7(a) approvals totalling $38,400, across 1 lenders, median approval $19,200, plus 1 504 approvals worth $128,000. These count approvals to borrowers whose address is in Lake Mills, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lake Mills borrowers get paid back?
No rate is published for Lake Mills. only 1 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 Mills figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Winnebago 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 Mills.
Is zoning published for Lake Mills?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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