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Lake City, MN Real Estate

Lake City, Minnesota is located in Wabasha County. Nearby cities and towns include Stockholm, Frontenac, Pepin, Maiden Rock, Wabasha, Bellechester, Bay City, Zumbro Falls, Nelson, Plum City, Millville, Hammond, Hager City, Kellogg, Goodhue, Mazeppa, Arkansaw, Red Wing, Alma, Plainview, Durand, Diamond Bluff, Elgin, Zumbrota, Ellsworth, Oronoco, Pine Island, and Elmwood. Lake City is a suburban community with a population of 5,038. The median household income is $48,986. In Lake City, 58% of residents are married, and families with children reside in 29% of the households. Half the population of Lake City commutes 11 minutes or less to work, with 55% of residents holding white collar jobs and 45% residents holding blue collar jobs. The median age of homes in Lake City, MN is 37 years, with 66% of those homes owned, 20% rented, and 15% not occupied. In the previous year, 46 Lake City properties were sold. The median sale price of a home in Lake City in the previous year was $153,121.

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About Schools in Lake City, MN

Lake City offers a range of educational opportunities with one elementary school, one middle school and one high school.

Contact a Coldwell Banker® real estate agent to learn more about the schools and school districts in Lake City, MN.


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Lake City, MN Local Market & Demographic Data

Married vs. single

Lake City, MN
  • 42% Single
  • 58% Married
  • 47% Single
  • 53% Married

Male VS. Female

Lake City, MN
  • 51% Female
  • 49% Male
  • 50% Female
  • 50% Male

Average Age of Citizens in Lake City, MN

  • 44
  • 38
  • Lake City, MN
  • Minnesota

Average Age of Homes in Lake City, MN

  • 37
  • 31
  • Lake City, MN
  • Minnesota

Vacant Homes in Lake City, MN

  • 15%
  • 12%
  • Lake City, MN
  • Minnesota

Average INCOME of Citizens

  • $61,867
  • $75,284
  • Lake City, MN
  • Minnesota

Owned Homes vs. Rented Homes

Lake City, MN
  • 66% Owned
  • 20% Rented
  • 63% Owned
  • 25% Rented