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Lakefield, MN

Comprehensive demographics, housing data, local amenities, and economic statistics for Lakefield.

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Community Insights

Leading Industries
Finance & Insurance · Information & Media · Construction
8% finance & insurance
Home Value Growth⬆
+2.3% over 2 years
Family-Friendly
25% of residents
slightly above average
Homeowners
89% of occupied units

People & Demographics

Total Population1,697
Households—
Under 18
25.0%
Age 18–34
29.0%
Age 35–64
28.0%
Age 65+
18.0%
Veterans
6.0%
Active Duty
0.0%

Housing & Living

Median Home Value$149,370
Median Gross Rent$963/mo
Owner Occupied
88.7%
Renter Occupied
11.3%
Detached Homes
—
Built Pre-1940
—

Economy & Income

Median Household Income$75,373
Poverty Rate—

Key Industries

Healthcare7.0%
Professional Services2.0%
Manufacturing1.0%
Retail13.0%
Education2.0%

Amenities & Transit

Transit Score28 / 100
Walkability / Amenities47 / 100
Commute < 15m
—
Commute 60m+
—

Education

High School Grad
—
Bachelor's Degree
8.0%
Master's or Higher
3.0%
School Enrollment
—

Frequently Asked Questions

What is the population and demographic makeup of Lakefield?›

The total population of Lakefield is approximately 1,697. The community has a large population of young adults (18-34). This demographic data is sourced from the U.S. Census Bureau.

Is Lakefield walkable and transit-friendly?›

Based on local geographic data, Lakefield has an amenity and walkability score of 47/100 and a transit score of 28/100. This indicates moderate access to local amenities and transportation.

Do more people rent or own homes in Lakefield?›

The housing market in Lakefield is predominantly driven by homeowners, with 89% of housing units being owner-occupied and 11% being renter-occupied.

What is the education level of residents in Lakefield?›

In Lakefield, approximately 8% of adult residents hold a bachelor's degree or higher. Additionally, 3% of the population holds a master's degree or higher. This indicates the local educational attainment compared to state and national averages.