Lake Park, IA
Population 1,191 · Iowa
About Lake Park, IA
Lake Park is a small community in Iowa with a population of 1,191 residents. The median household income is $73,977 per year, which is above the national average. The median age in Lake Park is 40.1 years.
Housing in Lake Park has a median home value of $153,500 and median monthly rent of $1,013. Of the 598 total housing units, the majority are owner-occupied, with 436 owner-occupied and 59 renter-occupied units.
The unemployment rate in Lake Park is 1.3% and the poverty rate is 4.7%. 15.1% of residents hold a bachelor's degree or higher. The average commute time is 20 minutes.
Cost of Living in Lake Park, IA
Compared to national averages, Lake Park has a median household income of $73,977 (2% below the national median of $75,149). Home values average $153,500, which is 37% below the national median. Monthly rent at $1,013 is 13% below the US average of $1,163. Within Iowa, Lake Park's income is 9% above the state average of $67,947, and home values are 16% above the state median of $132,237.
Why Live in Lake Park, IA?
Lake Park offers affordable housing with a median home value of $153,500, below the US average of $244,900, and rent that’s lower than the national average at $1,013/month, and a strong job market with an unemployment rate of just 1.3%. Additionally, the city features a low poverty rate of 4.7%, better than the national average, and short commute times averaging just 20 minutes.
Potential considerations include median household income ($73,977) that falls below the national average. However, Lake Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Park has a population of 1,191 with a median age of 40.1 years. Compare Lake Park with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Lake Park
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sheffield | 1,204 | $64,297 | $138,500 | Compare |
| Palo | 1,173 | $103,646 | $274,200 | Compare |
| Springville | 1,210 | $96,250 | $175,900 | Compare |
| Conrad | 1,170 | $73,844 | $156,100 | Compare |
| Clarence | 1,223 | $56,875 | $137,800 | Compare |
| Jewell Junction | 1,225 | $75,313 | $128,300 | Compare |
| St. Ansgar | 1,156 | $75,208 | $143,800 | Compare |
| Melcher-Dallas | 1,228 | $72,824 | $94,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake Park
What is the population of Lake Park, IA?
The population of Lake Park, IA is 1,191 according to the latest Census data.
What is the median household income in Lake Park?
The median household income in Lake Park, IA is $73,977 per year.
What is the median home value in Lake Park?
The median home value in Lake Park, IA is $153,500.
What is the average rent in Lake Park?
The median monthly rent in Lake Park, IA is $1,013.
What is the unemployment rate in Lake Park?
The unemployment rate in Lake Park, IA is 1.3%.