HomeMinnesotaWashington CountyLake Elmo
Lake Elmo, Minnesota: commercial real estate data.
Lake Elmo is a Census city of 13,140 people across 22.10 square miles of land, in Washington County. Median household income is $153,669, 93.5 percent of occupied homes are owned, and the SBA record carries 39 7(a) approvals to borrowers here worth $22.7 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Lake Elmo
What Lake Elmo is
- Census place typecity
- Land area22.1 sq mi
- Water area2.08 sq mi
- Population per square mile of land595
- County holding the largest share of its areaWashington 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 Elmo
How many people live in Lake Elmo
- Population13,140
- Median age40.8
- Population under 183,553
- Share under 1827.0 percent
- Population 65 and over2,217
- Share 65 and over16.9 percent
- Households4,714
- Family households3,849
- Share of households that are families81.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Elmo
Income and work in Lake Elmo
- Median household income$153,669
- Per capita income$76,087
- Civilian labor force6,402
- Employed6,255
- Unemployed147 plus or minus 88
- Unemployment rate2.3 percent plus or minus 1.4
- Adults 25 and over8,872
- Adults 25 and over with a high school diploma or higher98.5 percent
- Adults 25 and over with a bachelor degree or higher61.9 percent
- Adults 25 and over with a graduate degree23.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Elmo
Housing in Lake Elmo
- Housing units4,897
- Occupied units4,714
- Vacant units183 plus or minus 127
- Vacancy rate3.7 percent plus or minus 2.6
- Owner occupied4,409
- Renter occupied305 plus or minus 139
- Ownership rate93.5 percent
- Median owner-occupied home value$597,000
- Median gross rent, monthly$2,407 plus or minus $1,894
- Annual rent as a share of median income18.8 percent plus or minus 14.9
- Single family units4,126
- Share single family84.3 percent
- Units in buildings of two or more197 plus or minus 114
- Share in buildings of two or more4.0 percent plus or minus 2.3
- Mobile homes574 plus or minus 204
- Median year structure built2004
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Elmo
How Lake Elmo gets to work
- Workers 16 and over who commute3,938
- Commuting under 15 minutes845 plus or minus 223
- Share commuting under 15 minutes21.5 percent plus or minus 4.9
- Commuting 30 minutes or more1,253 plus or minus 252
- Share commuting 30 minutes or more31.8 percent
- Drove alone57.1 percent
- Carpooled5.1 percent plus or minus 2.9
- Public transport0.2 percent plus or minus 0.3
- Walked0.0 percent
- Worked from home36.6 percent plus or minus 8.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Elmo
SBA loans in Lake Elmo (7(a))
- Approvals39
- Gross approval$22,693,800
- Average approval$581,892
- Median approval$275,000
- Ninetieth percentile approval$1,141,520
- Largest approval$4,770,000
- Jobs supported342
- Jobs per approval8.8
- Loans with a final outcome8
- Paid in full8
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more5.1 percent
- Share to franchises15.4 percent
- Distinct lenders17
- Distinct industries by NAICS27
Counted by borrower city: approvals to borrowers whose address is in Lake Elmo, in any county, FY2020 to FY2026. Only 8 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 Elmo
SBA loans in Lake Elmo (504)
- Approvals11
- Gross approval$10,254,000
- Average approval$932,182
- Median approval$544,000
- Largest approval$2,847,000
- Jobs supported173
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs5
Counted by borrower city: approvals to borrowers whose address is in Lake Elmo, 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.
Lake Elmo
Flood risk in Lake Elmo
- NFIP communityCity of Lake Elmo
- NFIP community number270505
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date02/03/10
The City of Lake Elmo participates in the National Flood Insurance Program as community 270505 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.
Washington County, not Lake Elmo
Washington County context, not Lake Elmo figures
- Establishments in Washington County6,542
- Covered employment, Washington County95,625
- Average annual pay, Washington County$60,700
- Housing units permitted, Washington County1,397
Every figure in this section is published for Washington County as a whole and is not a measurement of Lake Elmo.
All Washington 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 Elmo questions, answered from the record.
How many people live in Lake Elmo, Minnesota?
13,140, in 4,714 households. Lake Elmo city covers 22.10 square miles of land, which is 595 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lake Elmo in?
Washington 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 Elmo?
$153,669. The median owner-occupied home is valued at $597,000. Median gross rent is $2,407 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 Elmo businesses?
39 7(a) approvals totaling $22.7 m since FY2020, across 17 lenders, median approval $275,000, plus 11 504 approvals worth $10.3 m since FY2010. These count approvals to borrowers whose address is in Lake Elmo, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lake Elmo borrowers get paid back?
No rate is published for Lake Elmo. Only 8 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 Lake Elmo in the National Flood Insurance Program?
Yes. Lake Elmo appears in the FEMA Community Status Book as Lake Elmo, city of, community 270505, 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 Lake Elmo figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Washington 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 Elmo.
Is zoning published for Lake Elmo?
No. Nothing on this page presents parcel level zoning.