HomePennsylvaniaErie CountyLake City
Lake City, Pennsylvania: commercial real estate data.
Lake City is a Census borough of 2,895 people across 1.80 square miles of land, in Erie County. Median household income is $75,048, 84.0 percent of occupied homes are owned, and the SBA record carries 7 7(a) approvals to borrowers here worth $640,100 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Lake City
What Lake City is
- Census place typeborough
- Land area1.8 sq mi
- Water area0.01 sq mi
- Population per square mile of land1,611
- County holding the largest share of its areaErie 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
- Population2,895
- Median age34.5
- Population under 18898
- Share under 1831.0 percent
- Population 65 and over363 plus or minus 85
- Share 65 and over12.5 percent plus or minus 2.9
- Households1,040
- Family households687
- Share of households that are families66.1 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$75,048
- Per capita income$30,854
- Civilian labor force1,325
- Employed1,251
- Unemployed74 plus or minus 42
- Unemployment rate5.6 percent plus or minus 3.1
- Adults 25 and over1,795
- Adults 25 and over with a high school diploma or higher91.4 percent
- Adults 25 and over with a bachelor degree or higher26.6 percent plus or minus 7.5
- Adults 25 and over with a graduate degree16.8 percent plus or minus 6.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
Housing in Lake City
- Housing units1,154
- Occupied units1,040
- Vacant units114 plus or minus 74
- Vacancy rate9.9 percent plus or minus 6.3
- Owner occupied874
- Renter occupied166 plus or minus 61
- Ownership rate84.0 percent
- Median owner-occupied home value$165,600
- Median gross rent, monthly$871
- Annual rent as a share of median income13.9 percent plus or minus 3.2
- Single family units924
- Share single family80.1 percent
- Units in buildings of two or more134 plus or minus 62
- Share in buildings of two or more11.6 percent plus or minus 5.2
- Mobile homes96 plus or minus 43
- Median year structure built1975
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 commute1,164
- Commuting under 15 minutes305 plus or minus 122
- Share commuting under 15 minutes26.2 percent plus or minus 9.9
- Commuting 30 minutes or more417 plus or minus 112
- Share commuting 30 minutes or more35.8 percent plus or minus 8.4
- Drove alone78.0 percent
- Carpooled13.2 percent plus or minus 10.7
- Public transport0.0 percent
- Walked1.4 percent plus or minus 1.5
- Worked from home6.4 percent plus or minus 3.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake City
SBA loans in Lake City (7(a))
- Approvals7
- Gross approval$640,100
- Average approval$91,443
- Median approval$60,000
- Largest approval$200,000
- Jobs supported49
- Jobs per approval7.0
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more14.3 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Lake City, in any county, FY2020 to FY2026. Only 2 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
Flood risk in Lake City
- NFIP communityBorough of Lake City
- NFIP community number422414
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date06/07/17
The Borough of Lake City participates in the National Flood Insurance Program as community 422414 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.
Erie County, not Lake City
Erie County context, not Lake City figures
- Establishments in Erie County6,103
- Covered employment, Erie County119,552
- Average annual pay, Erie County$53,524
- Housing units permitted, Erie County339
Every figure in this section is published for Erie County as a whole and is not a measurement of Lake City.
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, Pennsylvania?
2,895, in 1,040 households. Lake City borough covers 1.80 square miles of land, which is 1,611 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?
Erie 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?
$75,048. The median owner-occupied home is valued at $165,600. Median gross rent is $871 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?
7 7(a) approvals totaling $640,100 since FY2020, across 2 lenders, median approval $60,000. 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 2 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 City in the National Flood Insurance Program?
Yes. Lake City appears in the FEMA Community Status Book as Lake City, borough of, community 422414, 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 City figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Erie 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.