HomeWisconsinJefferson CountyLake Mills city
Lake Mills city, Wisconsin: commercial real estate data.
Lake Mills city is a Census city of 6,470 people across 4.18 square miles of land, in Jefferson County. Median household income is $91,027, 66.9 percent of occupied homes are owned, and the SBA record carries 10 7(a) approvals to borrowers here worth $6.6 m.
76 sourced place values · tier FULL · 8 sections
Lake Mills
What Lake Mills is
- Census place typecity
- Land area4.18 sq mi
- Water area0.31 sq mi
- Population per square mile of land1,547
- County holding the largest share of its areaJefferson 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 Mills
How many people live in Lake Mills
- Population6,470
- Median age40.3
- Population under 181,424
- Share under 1822.0 percent
- Population 65 and over1,189 plus or minus 287
- Share 65 and over18.4 percent plus or minus 4.4
- Households2,581
- Family households1,573
- Share of households that are families60.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Mills
Income and work in Lake Mills
- Median household income$91,027
- Per capita income$43,531
- Civilian labor force3,697
- Employed3,610
- Unemployed87 plus or minus 86
- Unemployment rate2.4 percent plus or minus 2.3
- Adults 25 and over4,527
- Adults 25 and over with a high school diploma or higher95.9 percent
- Adults 25 and over with a bachelor degree or higher45.4 percent
- Adults 25 and over with a graduate degree15.5 percent plus or minus 3.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Mills
Housing in Lake Mills
- Housing units2,876
- Occupied units2,581
- Vacant units295 plus or minus 193
- Vacancy rate10.3 percent plus or minus 6.6
- Owner occupied1,726
- Renter occupied855 plus or minus 211
- Ownership rate66.9 percent
- Median owner-occupied home value$317,100
- Median gross rent, monthly$1,209
- Annual rent as a share of median income15.9 percent plus or minus 3.2
- Single family units1,779
- Share single family61.9 percent
- Units in buildings of two or more735 plus or minus 226
- Share in buildings of two or more25.6 percent plus or minus 7.5
- Mobile homes362 plus or minus 194
- Median year structure built1976
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Mills
How Lake Mills gets to work
- Workers 16 and over who commute3,067
- Commuting under 15 minutes1,217 plus or minus 317
- Share commuting under 15 minutes39.7 percent plus or minus 9.3
- Commuting 30 minutes or more1,158 plus or minus 278
- Share commuting 30 minutes or more37.8 percent plus or minus 8.0
- Drove alone82.0 percent
- Carpooled2.5 percent plus or minus 2.3
- Public transport0.0 percent
- Walked0.9 percent plus or minus 1.4
- Worked from home14.6 percent plus or minus 4.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Mills
SBA 7(a) lending to Lake Mills borrowers
- Approvals10
- Gross approval$6,566,900
- Average approval$656,690
- Median approval$325,000
- Ninetieth percentile approval$3,145,000
- Largest approval$3,145,000
- Jobs supported116
- Jobs per approval11.6
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term180 months
- Share on real estate terms of 20 years or more40.0 percent
- Share to franchises10.0 percent
- Distinct lenders8
- Distinct industries by NAICS9
A charge-off rate is not published here. only 2 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 Mills
SBA 504 lending to Lake Mills borrowers
- Approvals5
- Gross approval$4,041,000
- Average approval$808,200
- Median approval$426,000
- Largest approval$1,813,000
- Jobs supported105
- Loans with a final outcome1
- 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.
Jefferson County, not Lake Mills
Jefferson County context, not Lake Mills figures
These are Jefferson 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 Mills measurements.
- Establishments in Jefferson County2,058
- Employment at those establishments, Jefferson County31,584
- Covered employment, Jefferson County33,615
- Average annual pay, Jefferson County$54,167
- Average weekly wage, Jefferson County$1,042
- Housing units permitted, Jefferson County146
- Of those, single family, Jefferson County132
- County product, 2024, Jefferson County$4,923,014,000
- County product change over the prior year, Jefferson County5.4 percent
- Average income of an arriving household, Jefferson County$62,056
Every figure in this section is published for Jefferson County as a whole and is not a measurement of Lake Mills. 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
Lake Mills questions, answered from the record.
How many people live in Lake Mills, Wisconsin?
6,470, in 2,581 households. Lake Mills city covers 4.18 square miles of land, which is 1,547 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lake Mills in?
Jefferson 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 Mills?
$91,027. The median owner-occupied home is valued at $317,100. Median gross rent is $1,209 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 Mills businesses?
10 7(a) approvals totalling $6.6 m, across 8 lenders, median approval $325,000, plus 5 504 approvals worth $4.0 m. These count approvals to borrowers whose address is in Lake Mills, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lake Mills borrowers get paid back?
No rate is published for Lake Mills. only 2 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 Mills figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Jefferson 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 Mills.
Is zoning published for Lake Mills?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.