Lake City, MN Real Estate

According to census data in the year 2000 there were 2,344 housing units in Lake City. This represents a 14.9% growth from 2,040 in 1990.

Of those housing units, 2,257 were located in either urbanized areas or urban clusters, and 87 were located in what is classified as a rural area.

Homeownership rate in Lake City is about 77.9%. Lake City's vacancy rate, including seasonal lodging, is about 9.5%. Average household size is 2.29 people.

The majority of houses, apartments or condos in Lake City were built after 1964.


Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom12.10%
Two Bedrooms32.30%
Three Bedrooms37.40%
Four Bedrooms15.90%
Five Bedrooms or more1.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.33
Median year structure was built1965
Median Value of occupied units$99,100
Median Price asked for vacant units$150,000

Rented Homes, Apartments and Condos

Average Household Size2.16
Median year structure was built1961
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage9.30%
Home Equity Loan7.90%
Simple Mortgage46.90%
Debt Free35.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17%