HomeMinnesotaWashington CountyLakeland city
Lakeland city, Minnesota: commercial real estate data.
Lakeland city is a Census city of 1,492 people across 2.07 square miles of land, in Washington County. Median household income is $100,132, 86.6 percent of occupied homes are owned, and the SBA record carries 7 7(a) approvals to borrowers here worth $880,000.
76 sourced place values · tier FULL · 8 sections
Lakeland
What Lakeland is
- Census place typecity
- Land area2.07 sq mi
- Water area0.85 sq mi
- Population per square mile of land719
- 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.
Lakeland
How many people live in Lakeland
- Population1,492
- Median age56.2
- Population under 18175 plus or minus 46
- Share under 1811.7 percent plus or minus 2.7
- Population 65 and over408
- Share 65 and over27.3 percent
- Households724
- Family households471
- Share of households that are families65.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakeland
Income and work in Lakeland
- Median household income$100,132
- Per capita income$58,009
- Civilian labor force875
- Employed832
- Unemployed43 plus or minus 34
- Unemployment rate4.9 percent plus or minus 3.8
- Adults 25 and over1,202
- Adults 25 and over with a high school diploma or higher97.8 percent
- Adults 25 and over with a bachelor degree or higher47.3 percent
- Adults 25 and over with a graduate degree15.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakeland
Housing in Lakeland
- Housing units760
- Occupied units724
- Vacant units36 plus or minus 28
- Vacancy rate4.7 percent plus or minus 3.6
- Owner occupied627
- Renter occupied97 plus or minus 59
- Ownership rate86.6 percent
- Median owner-occupied home value$373,900
- Median gross rent, monthly$1,668
- Annual rent as a share of median income20.0 percent
- Single family units739
- Share single family97.2 percent
- Units in buildings of two or more21 plus or minus 24
- Share in buildings of two or more2.8 percent plus or minus 3.1
- Mobile homes0
- Median year structure built1976
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakeland
How Lakeland gets to work
- Workers 16 and over who commute662
- Commuting under 15 minutes146 plus or minus 63
- Share commuting under 15 minutes22.1 percent plus or minus 8.7
- Commuting 30 minutes or more259 plus or minus 52
- Share commuting 30 minutes or more39.1 percent
- Drove alone71.2 percent
- Carpooled6.8 percent plus or minus 2.2
- Public transport0.4 percent plus or minus 0.5
- Walked0.7 percent plus or minus 0.6
- Worked from home20.1 percent plus or minus 7.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lakeland
SBA 7(a) lending to Lakeland borrowers
- Approvals7
- Gross approval$880,000
- Average approval$125,714
- Median approval$140,000
- Ninetieth percentile approval$220,000
- Largest approval$220,000
- Jobs supported87
- Jobs per approval12.4
- Loans with a final outcome4
- Paid in full4
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises14.3 percent
- Distinct lenders5
- Distinct industries by NAICS6
A charge-off rate is not published here. only 4 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.
Lakeland
SBA 504 lending to Lakeland borrowers
- Approvals2
- Gross approval$480,000
- Average approval$240,000
- Median approval$331,000
- Largest approval$331,000
- Jobs supported3
- 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.
Washington County, not Lakeland
Washington County context, not Lakeland figures
These are Washington County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Lakeland measurements.
- Establishments in Washington County6,542
- Employment at those establishments, Washington County95,631
- Covered employment, Washington County95,625
- Average annual pay, Washington County$60,700
- Average weekly wage, Washington County$1,167
- Housing units permitted, Washington County1,397
- Of those, single family, Washington County1,261
- County product, 2024, Washington County$17,077,663,000
- County product change over the prior year, Washington County4.0 percent
- Average income of an arriving household, Washington County$87,864
Every figure in this section is published for Washington County as a whole and is not a measurement of Lakeland. 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
Lakeland questions, answered from the record.
How many people live in Lakeland, Minnesota?
1,492, in 724 households. Lakeland city covers 2.07 square miles of land, which is 719 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lakeland 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 Lakeland?
$100,132. The median owner-occupied home is valued at $373,900. Median gross rent is $1,668 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lakeland businesses?
7 7(a) approvals totalling $880,000, across 5 lenders, median approval $140,000, plus 2 504 approvals worth $480,000. These count approvals to borrowers whose address is in Lakeland, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lakeland borrowers get paid back?
No rate is published for Lakeland. only 4 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 Lakeland figures?
No, and they are labelled 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 Lakeland.
Is zoning published for Lakeland?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.