HomeUtahTooele CountyLake Point city
Lake Point city, Utah: commercial real estate data.
Lake Point city is a Census city of 2,563 people across 4.57 square miles of land, in Tooele County. Median household income is $137,367, 86.6 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $1.2 m.
74 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Lake Point
What Lake Point is
- Census place typecity
- Land area4.57 sq mi
- Water area0.01 sq mi
- Population per square mile of land560
- County holding the largest share of its areaTooele 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 Point
How many people live in Lake Point
- Population2,563
- Median age27.5
- Population under 18949
- Share under 1837.0 percent
- Population 65 and over107 plus or minus 58
- Share 65 and over4.2 percent plus or minus 2.3
- Households666
- Family households564
- Share of households that are families84.7 percent plus or minus 18.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Point
Income and work in Lake Point
- Median household income$137,367
- Per capita income$60,941 plus or minus $35,788
- Civilian labor force1,488
- Employed1,472
- Unemployed16 plus or minus 16
- Unemployment rate1.1 percent plus or minus 1.1
- Adults 25 and over1,360
- Adults 25 and over with a high school diploma or higher96.5 percent
- Adults 25 and over with a bachelor degree or higher32.1 percent plus or minus 9.3
- Adults 25 and over with a graduate degree9.7 percent plus or minus 5.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Point
Housing in Lake Point
- Housing units666
- Occupied units666
- Vacant units0
- Vacancy rate0.0 percent
- Owner occupied577
- Renter occupied89 plus or minus 60
- Ownership rate86.6 percent
- Median owner-occupied home value$604,300
- Single family units613
- Share single family92.0 percent
- Units in buildings of two or more36 plus or minus 41
- Share in buildings of two or more5.4 percent plus or minus 6.0
- Mobile homes0
- Median year structure built2009
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Point
How Lake Point gets to work
- Workers 16 and over who commute1,071
- Commuting under 15 minutes181 plus or minus 79
- Share commuting under 15 minutes16.9 percent plus or minus 6.9
- Commuting 30 minutes or more460 plus or minus 120
- Share commuting 30 minutes or more43.0 percent plus or minus 8.8
- Drove alone57.0 percent
- Carpooled14.0 percent plus or minus 11.4
- Public transport1.5 percent plus or minus 2.0
- Walked0.6 percent plus or minus 1.0
- Worked from home26.8 percent plus or minus 8.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Point
SBA loans in Lake Point (7(a))
- Approvals1
- Gross approval$1,210,200
- Average approval$1,210,200
- Median approval$1,210,200
- Ninetieth percentile approval$1,210,200
- Largest approval$1,210,200
- Jobs supported5
- Jobs per approval5.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term300 months
- Share on real estate terms of 20 years or more100.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
A charge-off rate is not published here. only 0 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 Point
SBA loans in Lake Point (504)
- Approvals1
- Gross approval$681,000
- Average approval$681,000
- Median approval$681,000
- Largest approval$681,000
- Jobs supported7
- 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.
Tooele County, not Lake Point
Tooele County context, not Lake Point figures
These are Tooele 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 Point measurements.
- Establishments in Tooele County1,187
- Employment at those establishments, Tooele County14,102
- Covered employment, Tooele County20,615
- Average annual pay, Tooele County$53,737
- Average weekly wage, Tooele County$1,033
- Housing units permitted, Tooele County897
- Of those, single family, Tooele County677
- County product, 2024, Tooele County$3,249,276,000
- County product change over the prior year, Tooele County12.1 percent
- Average income of an arriving household, Tooele County$63,058
Every figure in this section is published for Tooele County as a whole and is not a measurement of Lake Point. 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.
- No median gross rent is published for this place.
- 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 Point questions, answered from the record.
How many people live in Lake Point, Utah?
2,563, in 666 households. Lake Point city covers 4.57 square miles of land, which is 560 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lake Point in?
Tooele 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 Point?
$137,367. The median owner-occupied home is valued at $604,300. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lake Point businesses?
1 7(a) approvals totalling $1.2 m, across 1 lenders, median approval $1,210,200, plus 1 504 approvals worth $681,000. These count approvals to borrowers whose address is in Lake Point, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lake Point borrowers get paid back?
No rate is published for Lake Point. only 0 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 Point figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Tooele 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 Point.
Is zoning published for Lake Point?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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