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Lake Park, MN Profile: Facts & Data

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Lake Park, Minnesota - Basic Facts

The City of Lake Park had a population of 743 as of July 1, 2025.

The primary coordinate point for Lake Park is located at latitude 46.8863 and longitude -96.0945 in Becker County. The formal boundaries for the City of Lake Park encompass a land area of 0.97 sq. miles and a water area of 0 sq. miles. Becker County is in the Central time zone (GMT -6).

The City of Lake Park has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.


Jump to... (On This Page!)
  1. Lake Park 2025 Demographic Data
  2. Growth Rates for Lake Park (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2025 Demographics
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Lake Park, MN Data & Demographics (As of July 1, 2025)

POPULATION

Total Population 743 (100%)
Population in Households 743 (100.0%)
Population in Families 567 (76.3%)
Population in Group Quarters1 0
Population Density 760
Diversity Index2 25
 
 

INCOME

Median Household Income $77,624
Average Household Income $93,950
% of Income for Mortgage4 21%
Per Capita Income $38,946
Wealth Index5 69
Socioeconomic Status Index6 Moderate (62.5)
 

HOUSING

Total HU (Housing Units) 339 (100%)
Owner Occupied HU 236 (69.6%)
Renter Occupied HU 72 (21.2%)
Vacant Housing Units 31 ( 9.1%)
Median Home Value $260,870
Average Home Value $306,494
Housing Affordability Index3 113
 

HOUSEHOLDS

Total Households 308
Average Household Size 2.41
Family Households 190
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2025 2025-2030
Population 0.39% 0.19%
Households -0.06% 0.06%
Families   0.62%
Median Household Income   2.01%
Per Capita Income   2.10%
Owner Occupied HU   0.00%

Lake Park, MN - Peer Comparisons by Rank and Percentile

The table below compares Lake Park to the other 915 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2025 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 412 55th
Population Density # 378 59th
Median Household Income # 462 50th
Housing Affordability Index # 679 74th
Per Capita Income # 537 41st
Diversity Index # 364 60th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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