HomeMichiganMissaukee CountyLake City
Lake City, Michigan: commercial real estate data.
Lake City is a Census city of 705 people across 1.05 square miles of land, in Missaukee County. Median household income is $74,583, 84.6 percent of occupied homes are owned, and the SBA record carries 21 7(a) approvals to borrowers here worth $3.5 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Lake City
What Lake City is
- Census place typecity
- Land area1.05 sq mi
- Water area0 sq mi
- Population per square mile of land673 plus or minus 137
- County holding the largest share of its areaMissaukee 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
- Population705 plus or minus 143
- Median age47.5 plus or minus 15.8
- Population under 18133 plus or minus 43
- Share under 1818.9 percent plus or minus 4.8
- Population 65 and over233 plus or minus 56
- Share 65 and over33.0 percent
- Households272
- Family households186 plus or minus 48
- Share of households that are families68.4 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$74,583
- Per capita income$37,515 plus or minus $10,211
- Civilian labor force299 plus or minus 80
- Employed288 plus or minus 77
- Unemployed11 plus or minus 11
- Unemployment rate3.7 percent plus or minus 3.5
- Adults 25 and over547
- Adults 25 and over with a high school diploma or higher94.5 percent plus or minus 25.1
- Adults 25 and over with a bachelor degree or higher24.7 percent plus or minus 7.7
- Adults 25 and over with a graduate degree7.1 percent plus or minus 4.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
Housing in Lake City
- Housing units433
- Occupied units272
- Vacant units161 plus or minus 52
- Vacancy rate37.2 percent plus or minus 10.3
- Owner occupied230 plus or minus 48
- Renter occupied42 plus or minus 21
- Ownership rate84.6 percent
- Median owner-occupied home value$170,300
- Median gross rent, monthly$710
- Annual rent as a share of median income11.4 percent plus or minus 2.6
- Single family units388
- Share single family89.6 percent
- Units in buildings of two or more39 plus or minus 27
- Share in buildings of two or more9.0 percent plus or minus 5.9
- Mobile homes6 plus or minus 10
- Median year structure built1971
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 commute282 plus or minus 75
- Commuting under 15 minutes129 plus or minus 51
- Share commuting under 15 minutes45.7 percent plus or minus 13.4
- Commuting 30 minutes or more38 plus or minus 22
- Share commuting 30 minutes or more13.5 percent plus or minus 7.1
- Drove alone74.3 percent
- Carpooled14.9 percent plus or minus 9.2
- Public transport0.0 percent
- Walked8.7 percent plus or minus 11.2
- Worked from home2.1 percent plus or minus 2.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
SBA loans in Lake City (7(a))
- Approvals21
- Gross approval$3,538,800
- Average approval$168,514
- Median approval$75,000
- Ninetieth percentile approval$400,000
- Largest approval$1,200,000
- Jobs supported123
- Jobs per approval5.9
- Loans with a final outcome9
- Paid in full9
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more9.5 percent
- Share to franchises0.0 percent
- Distinct lenders5
- Distinct industries by NAICS12
Counted by borrower city: approvals to borrowers whose address is in Lake City, in any county, FY2020 to FY2026. Only 9 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lake City
SBA loans in Lake City (504)
- Approvals2
- Gross approval$682,000
- Average approval$341,000
- Median approval$341,000
- Largest approval$570,000
- Jobs supported0
- Loans with a final outcome1
- Charged off0
- Median term270 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Lake City, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Missaukee County, not Lake City
Missaukee County context, not Lake City figures
- Establishments in Missaukee County308
- Covered employment, Missaukee County4,213
- Average annual pay, Missaukee County$46,075
- Housing units permitted, Missaukee County35
Every figure in this section is published for Missaukee County as a whole and is not a measurement of Lake City.
All Missaukee 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, Michigan?
705, in 272 households. Lake City city covers 1.05 square miles of land, which is 673 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?
Missaukee 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?
$74,583. The median owner-occupied home is valued at $170,300. Median gross rent is $710 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?
21 7(a) approvals totaling $3.5 m since FY2020, across 5 lenders, median approval $75,000, plus 2 504 approvals worth $682,000 since FY2010. 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 9 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
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 Missaukee 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.
Nearby