HomeMinnesotaBecker CountyLake Park city
Lake Park city, Minnesota: commercial real estate data.
Lake Park city is a Census city of 600 people across 0.98 square miles of land, in Becker County. Median household income is $64,028, 82.7 percent of occupied homes are owned, and the SBA record carries 4 7(a) approvals to borrowers here worth $1.1 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Lake Park
What Lake Park is
- Census place typecity
- Land area0.98 sq mi
- Water area0 sq mi
- Population per square mile of land614
- County holding the largest share of its areaBecker 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 Park
How many people live in Lake Park
- Population600
- Median age33.6
- Population under 18170 plus or minus 42
- Share under 1828.3 percent
- Population 65 and over76 plus or minus 31
- Share 65 and over12.7 percent plus or minus 4.6
- Households231 plus or minus 50
- Family households161 plus or minus 43
- Share of households that are families69.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Park
Income and work in Lake Park
- Median household income$64,028 plus or minus $17,454
- Per capita income$32,229
- Civilian labor force328 plus or minus 75
- Employed328 plus or minus 75
- Unemployed0
- Unemployment rate0.0 percent
- Adults 25 and over392
- Adults 25 and over with a high school diploma or higher96.7 percent plus or minus 25.9
- Adults 25 and over with a bachelor degree or higher28.3 percent plus or minus 7.4
- Adults 25 and over with a graduate degree6.4 percent plus or minus 4.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Park
Housing in Lake Park
- Housing units267 plus or minus 56
- Occupied units231 plus or minus 50
- Vacant units36 plus or minus 25
- Vacancy rate13.5 percent plus or minus 8.9
- Owner occupied191 plus or minus 46
- Renter occupied40 plus or minus 15
- Ownership rate82.7 percent
- Median owner-occupied home value$196,500
- Median gross rent, monthly$692 plus or minus $268
- Annual rent as a share of median income13.0 percent plus or minus 6.1
- Single family units216 plus or minus 52
- Share single family80.9 percent
- Units in buildings of two or more32 plus or minus 16
- Share in buildings of two or more12.0 percent plus or minus 5.6
- Mobile homes19 plus or minus 13
- Median year structure built1951
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Park
How Lake Park gets to work
- Workers 16 and over who commute313 plus or minus 74
- Commuting under 15 minutes43 plus or minus 22
- Share commuting under 15 minutes13.7 percent plus or minus 6.4
- Commuting 30 minutes or more190 plus or minus 63
- Share commuting 30 minutes or more60.7 percent plus or minus 14.2
- Drove alone81.6 percent
- Carpooled16.3 percent plus or minus 8.2
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home2.2 percent plus or minus 2.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Park
SBA loans in Lake Park (7(a))
- Approvals4
- Gross approval$1,081,300
- Average approval$270,325
- Median approval$350,000
- Ninetieth percentile approval$500,000
- Largest approval$500,000
- Jobs supported48
- Jobs per approval12.0
- 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 lenders3
- Distinct industries by NAICS3
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 Park
SBA loans in Lake Park (504)
- Approvals1
- Gross approval$147,000
- Average approval$147,000
- Median approval$147,000
- Largest approval$147,000
- Jobs supported4
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Becker County, not Lake Park
Becker County context, not Lake Park figures
These are Becker 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 Park measurements.
- Establishments in Becker County956
- Employment at those establishments, Becker County10,874
- Covered employment, Becker County15,120
- Average annual pay, Becker County$53,242
- Average weekly wage, Becker County$1,024
- Housing units permitted, Becker County151
- Of those, single family, Becker County151
- County product, 2024, Becker County$2,058,087,000
- County product change over the prior year, Becker County6.5 percent
- Average income of an arriving household, Becker County$67,117
Every figure in this section is published for Becker County as a whole and is not a measurement of Lake Park. 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 Park questions, answered from the record.
How many people live in Lake Park, Minnesota?
600, in 231 households. Lake Park city covers 0.98 square miles of land, which is 614 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lake Park in?
Becker 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 Park?
$64,028. The median owner-occupied home is valued at $196,500. Median gross rent is $692 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 Park businesses?
4 7(a) approvals totalling $1.1 m, across 3 lenders, median approval $350,000, plus 1 504 approvals worth $147,000. These count approvals to borrowers whose address is in Lake Park, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lake Park borrowers get paid back?
No rate is published for Lake Park. 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 Park figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Becker 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 Park.
Is zoning published for Lake Park?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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