Lake Park, IA
Population 1,191 · Iowa
About Lake Park, IA
Lake Park is a small town located in Iowa with a population of 1,191 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,977 per year, which is 2% below the national median of $75,149. The median age of 40.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lake Park features a median home value of $153,500, which is 37% below the national median of $244,900. This positions Lake Park in a moderately priced market relative to the rest of the country. Median monthly rent is $1,013, 13% below the national average of $1,163/month. Of the 598 total housing units, 88% are owner-occupied (436 units) and 12% are renter-occupied (59 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Park shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Park have an average one-way commute time of 20 minutes.
Education & Demographics
15.1% of Lake Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.0% White, 0.3% Hispanic or Latino, 0.5% Black or African American, and 1.0% Asian residents, with 1.9% of the population being foreign-born.
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.
Compare Lake Park With Other Cities
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 US Census Bureau American Community Survey estimates. This makes it a small town in Iowa.
What is the median household income in Lake Park?
The median household income in Lake Park, IA is $73,977 per year, which is 2% below the national median of $75,149.
What is the median home value in Lake Park?
The median home value in Lake Park, IA is $153,500, which is 37% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Park?
The median monthly rent in Lake Park, IA is $1,013, which is 13% below the national average of $1,163/month.
What is the unemployment rate in Lake Park?
The unemployment rate in Lake Park, IA is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Park, IA a good place to live?
Lake Park offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,191 and a median age of 40.1, the city appeals to a broad range of residents.
How educated is Lake Park, IA?
15.1% of residents in Lake Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake Park?
Key cost-of-living indicators for Lake Park, IA: median home value is $153,500 (37% below national), median rent is $1,013/month, and median household income is $73,977. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Park?
The poverty rate in Lake Park, IA is 4.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Park, IA?
Lake Park's population is 1.0% White, 0.3% Hispanic or Latino, 0.5% Black or African American, 1.0% Asian, and 0.0% two or more races. 1.9% of residents are foreign-born.