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AREA INFORMATION

55041 (Lake City, MN)

Explore the real estate in 55041 (Lake City, MN)

Area Highlights

55041 (Lake City, MN) residents have a median age of 47 years old, with employment highest in the administrative support and production occupations industries.

7,932 Population

The population has increased by 1.6% since the year 2010.

3,450 Households

$75,410 /yr
Median Household Income

$245,900
Median Home Sale Price

21m Median Commute Time

Most people in this area drive to work.

Area Map

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

47 Median Age

Average Household Size

2.3
persons per
household

54.5%

Married Households

Community Population By Education

High School Graduate 32%
Bachelors Degree 19%
Some College 19%
Associates Degree 13%
Graduate Degree 12%
Some High School 4%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 31.84% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
22.9% of households have children

Area Schools

9-12
0.1 MILES
Lake City Credit Recovery
7-12
0.1 MILES
B-
Lincoln Secondary School
PK-8
0.2 MILES
St Johns Lutheran School
PK-6
0.6 MILES
B-
Bluff View Elementary School

Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.

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Economics

$75,410 /yr
Median Household Income
$245,900
Median Sales Price
21 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 21.46% of the households.

Transportation to Work

  • Drive 82%
  • Work from Home 11%
  • Walk or Bike 4%
  • Public Transit 2%

Occupancy by Type

Owned 2,749 69%
Rented 701 18%
Vacant 550 14%

White vs Blue Collar Jobs







White Collar 72%
Blue Collar 28%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

The median age for this area is 47 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 93%
Hispanic 4%
Other 2%
Asian <1%
Black <1%
Native American <1%
The most prevalent ethnicity is White at 93%, followed by Hispanic at 4%, Other at 2%, and Asian at <1%.

Crime & Pollution

Crime vs National Average

This location’s average annual crime rates compared to the national average. Index score (100=National Average)

Pollution vs National Average

This location’s average annual pollution rates compared to the national average. Index score (100=National Average)

Weather

84° July
Hottest Average Month
3° January
Coldest Average Month

Severe Weather

This location’s average annual severe weather events compared to the national average. Index score (100=National Average)

Average Temperature by Month

Low (°F)
High (°F)
Jan
3°
23°
Feb
8°
28°
Mar
21°
40°
Apr
34°
57°
May
45°
70°
Jun
55°
79°
Jul
60°
84°
Aug
57°
81°
Sep
49°
72°
Oct
37°
60°
Nov
24°
42°
Dec
11°
28°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

Listings in the Area

$75,900
For sale
2.58 acres

Tbd 712th Street
Lake City, MN 55041

$224,422
For sale
19 acres

Xxx 705th Street
Lake City, MN 55041

$349,943
For sale
35 acres

Xxx 260th Avenue
Lake City, MN 55041

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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