Lake Park, NC
Population 3,365 · North Carolina
About Lake Park, NC
Lake Park is a small town located in North Carolina with a population of 3,365 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,366 per year, which is 2% above the national median of $75,149. The median age of 41.6 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 $296,400, which is 21% above 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 $1,875, 61% above the national average of $1,163/month. Of the 1,283 total housing units, 80% are owner-occupied (1,011 units) and 20% are renter-occupied (253 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Park shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Park have an average one-way commute time of 27.1 minutes.
Education & Demographics
42.5% of Lake Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 4.0% White, 1.0% Hispanic or Latino, 0.9% Black or African American, and 7.5% Asian residents, with 15.5% of the population being foreign-born.
Cost of Living in Lake Park, NC
Compared to national averages, Lake Park has a median household income of $76,366 (2% above the national median of $75,149). Home values average $296,400, which is 21% above the national median. Monthly rent at $1,875 is 61% above the US average of $1,163. Within North Carolina, Lake Park's income is 18% above the state average of $64,468, and home values are 29% above the state median of $228,922.
Why Live in Lake Park, NC?
Lake Park offers a strong local economy with a median household income of $76,366, well above the national average, and a strong job market with an unemployment rate of just 2.5%, and a well-educated community where 42.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.4%, better than the national average.
Lake Park has a population of 3,365 with a median age of 41.6 years. Compare Lake Park with other cities to see how it stacks up, or explore all cities in North Carolina.
Similar Cities Near Lake Park
Cities in North Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Red Oak | 3,372 | $81,464 | $236,200 | Compare |
| Enochville | 3,392 | $65,328 | $225,200 | Compare |
| Windsor | 3,417 | $38,631 | $111,400 | Compare |
| Rural Hall | 3,421 | $50,665 | $183,800 | Compare |
| Spencer | 3,305 | $64,031 | $149,800 | Compare |
| Elizabethtown | 3,294 | $32,577 | $153,400 | Compare |
| Wallace | 3,438 | $49,358 | $192,800 | Compare |
| Plymouth | 3,264 | $30,462 | $83,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Carolina
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, NC?
The population of Lake Park, NC is 3,365 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in North Carolina.
What is the median household income in Lake Park?
The median household income in Lake Park, NC is $76,366 per year, which is 2% above the national median of $75,149.
What is the median home value in Lake Park?
The median home value in Lake Park, NC is $296,400, which is 21% above 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, NC is $1,875, which is 61% above the national average of $1,163/month.
What is the unemployment rate in Lake Park?
The unemployment rate in Lake Park, NC is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Park, NC a good place to live?
Lake Park offers above-average incomes, a competitive housing market, and a strong job market. With a population of 3,365 and a median age of 41.6, the city appeals to a broad range of residents.
How educated is Lake Park, NC?
42.5% of residents in Lake Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Park?
Key cost-of-living indicators for Lake Park, NC: median home value is $296,400 (21% above national), median rent is $1,875/month, and median household income is $76,366. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Lake Park?
The poverty rate in Lake Park, NC is 4.4%, 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, NC?
Lake Park's population is 4.0% White, 1.0% Hispanic or Latino, 0.9% Black or African American, 7.5% Asian, and 1.6% two or more races. 15.5% of residents are foreign-born.