HomeMinnesotaCottonwood CountyMountain Lake
Mountain Lake, Minnesota: commercial real estate data.
Mountain Lake is a Census city of 2,070 people across 1.63 square miles of land, in Cottonwood County. Median household income is $66,490, 72.1 percent of occupied homes are owned, and the SBA record carries 6 7(a) approvals to borrowers here worth $3.1 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Mountain Lake
What Mountain Lake is
- Census place typecity
- Land area1.63 sq mi
- Water area0.02 sq mi
- Population per square mile of land1,269
- County holding the largest share of its areaCottonwood 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.
Mountain Lake
How many people live in Mountain Lake
- Population2,070
- Median age31.5 plus or minus 6.7
- Population under 18704
- Share under 1834.0 percent
- Population 65 and over344 plus or minus 77
- Share 65 and over16.6 percent plus or minus 3.4
- Households753
- Family households528
- Share of households that are families70.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mountain Lake
Income and work in Mountain Lake
- Median household income$66,490
- Per capita income$29,243
- Civilian labor force949
- Employed925
- Unemployed24 plus or minus 15
- Unemployment rate2.5 percent plus or minus 1.5
- Adults 25 and over1,164
- Adults 25 and over with a high school diploma or higher92.4 percent
- Adults 25 and over with a bachelor degree or higher21.3 percent plus or minus 4.7
- Adults 25 and over with a graduate degree4.5 percent plus or minus 2.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mountain Lake
Housing in Mountain Lake
- Housing units773
- Occupied units753
- Vacant units20 plus or minus 20
- Vacancy rate2.6 percent plus or minus 2.6
- Owner occupied543
- Renter occupied210 plus or minus 52
- Ownership rate72.1 percent
- Median owner-occupied home value$143,100
- Median gross rent, monthly$929 plus or minus $234
- Annual rent as a share of median income16.8 percent plus or minus 4.8
- Single family units630
- Share single family81.5 percent
- Units in buildings of two or more143 plus or minus 51
- Share in buildings of two or more18.5 percent plus or minus 6.3
- Mobile homes0
- Median year structure built1964
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mountain Lake
How Mountain Lake gets to work
- Workers 16 and over who commute795
- Commuting under 15 minutes533
- Share commuting under 15 minutes67.0 percent
- Commuting 30 minutes or more137 plus or minus 50
- Share commuting 30 minutes or more17.2 percent plus or minus 5.9
- Drove alone76.8 percent
- Carpooled9.2 percent plus or minus 4.8
- Public transport0.6 percent plus or minus 0.8
- Walked2.3 percent plus or minus 1.3
- Worked from home8.8 percent plus or minus 4.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mountain Lake
SBA loans in Mountain Lake (7(a))
- Approvals6
- Gross approval$3,144,000
- Average approval$524,000
- Median approval$532,000
- Largest approval$1,000,000
- Jobs supported116
- Jobs per approval19.3
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term78 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS4
Counted by borrower city: approvals to borrowers whose address is in Mountain Lake, in any county, FY2020 to FY2026. Only 3 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.
Mountain Lake
SBA loans in Mountain Lake (504)
- Approvals3
- Gross approval$1,142,000
- Average approval$380,667
- Median approval$280,000
- Largest approval$662,000
- Jobs supported2
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Mountain Lake, in any county, FY2010 to FY2026. Only 0 loans have 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.
Mountain Lake
Flood risk in Mountain Lake
- NFIP communityCity of Mountain Lake
- NFIP community number270956
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date09/24/21(M)
The City of Mountain Lake participates in the National Flood Insurance Program as community 270956 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.
Cottonwood County, not Mountain Lake
Cottonwood County context, not Mountain Lake figures
- Establishments in Cottonwood County325
- Covered employment, Cottonwood County4,847
- Average annual pay, Cottonwood County$49,092
- Housing units permitted, Cottonwood County8
Every figure in this section is published for Cottonwood County as a whole and is not a measurement of Mountain Lake.
All Cottonwood 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
Mountain Lake questions, answered from the record.
How many people live in Mountain Lake, Minnesota?
2,070, in 753 households. Mountain Lake city covers 1.63 square miles of land, which is 1,269 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Mountain Lake in?
Cottonwood 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 Mountain Lake?
$66,490. The median owner-occupied home is valued at $143,100. Median gross rent is $929 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Mountain Lake businesses?
6 7(a) approvals totaling $3.1 m since FY2020, across 4 lenders, median approval $532,000, plus 3 504 approvals worth $1.1 m since FY2010. These count approvals to borrowers whose address is in Mountain Lake, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Mountain Lake borrowers get paid back?
No rate is published for Mountain Lake. Only 3 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.
Is Mountain Lake in the National Flood Insurance Program?
Yes. Mountain Lake appears in the FEMA Community Status Book as Mountain Lake, city of, community 270956, 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 Mountain Lake figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Cottonwood 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 Mountain Lake.
Is zoning published for Mountain Lake?
No. Nothing on this page presents parcel level zoning.
Nearby