Housing data for Lakefield, MN
Lakefield, MN has an estimated 1,507 residents and 770 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Jackson County.
10.4% of households rent.
The median gross rent is $770 a month.
Its population shrank measurably since 2015–2019 (−14.5%).
Figures last updated on .
- Residents
- 1,507 (±108)
- Housing units
- 770 (±68)
- Households that rent
- 10.4%
- Median gross rent
- $770
- Residents since 2015–2019
- −14.5%
What stands out in Lakefield
Households that rent: 10.4% (±3.9 points) in Lakefield, lower than in Jackson County (19.9%).
Median home value: $133,800 (±$6,963) in Lakefield, lower than in Jackson County ($157,100).
Housing in Lakefield at a glance
- Median rent: $770 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $765 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 35.4% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 10.4% of households rent
- Income and affordability: $71,648 median household income
- Home values: $133,800 median home value
- Homeowner costs: $1,133 median monthly cost with a mortgage
- Property taxes: $1,396 median real estate taxes a year
- Types of homes: 4.4% of homes are in buildings of 5 or more units
- Bedrooms: 56.9% of homes have 3 or more bedrooms
- Age of homes: 88.7% of homes were built before 1980
- Vacancy rate: 13.6% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 89.3% heat with utility gas
- Commute and cars: 17.8 minutes average trip to work
- Crime reported to police: 0 violent crimes per 100,000 residents
- Growth: −14.5% residents since 2015–2019
- How long people stay: 12.1% moved in since 2020
- Crowding and facilities: 2.2% of homes have more than 1 person per room (Small sample: wide margin of error)
Lakefield against Jackson County, its state and the nation
| Lakefield | Jackson County | Minnesota | United States | |
|---|---|---|---|---|
| Residents | 1,507 (±108) | 9,933 (exact) | 5,739,445 (exact) | 334,922,499 |
| Housing units | 770 (±68) | 4,905 (±33) | 2,545,030 (±1,535) | 143,775,355 |
| Households that rent | 10.4% (±3.9 points) | 19.9% (±2.5 points) | 27.8% (±0.2 points) | 34.8% |
| Median gross rent | $770 (±$279) | $787 (±$114) | $1,280 (±$7) | $1,413 |
| Median household income | $71,648 (±$7,442) | $75,743 (±$3,304) | $89,062 (±$409) | $80,734 |
| Median home value | $133,800 (±$6,963) | $157,100 (±$7,318) | $329,300 (±$903) | $332,700 |
| Median real estate taxes (a year) | $1,396 (±$123) | $1,460 (±$65) | $3,357 (±$10) | $3,119 |
| Built before 1980 | 88.7% (±11.8 points) | 79.5% (±4.9 points) | 52.1% (±0.3 points) | 49.7% |
| Average commute | 17.8 minutes (±2.3) | 18.4 minutes (±1.3) | 22.7 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 87.7% (±5.5 points) | 89.1% (±1.7 points) | 91.6% (±0.1 points) | 91.0% |
| Median age of residents | 43.3 years (±4.0) | 44.5 years (±0.7) | 38.8 years (±0.1) | 38.9 years |
Lakefield covers 1.3 square miles of land, about 1,126 residents per square mile (Census Bureau Gazetteer).
How Lakefield has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,763 (±123) | 1,507 (±108) | −14.5% | Measurable decrease |
| Housing units | 848 (±63) | 770 (±68) | −9.2% | Not a measurable change |
| Median gross rent | $774 (±$67) | $770 (±$279) | −0.5% | No measurable change after inflation |
| Median home value | $93,000 (±$5,442) | $133,800 (±$6,963) | +43.9% | Up after inflation |
| Median household income | $51,944 (±$5,377) | $71,648 (±$7,442) | +37.9% | No measurable change after inflation |
| Median owner cost with a mortgage | $885 (±$77) | $1,133 (±$66) | +28.0% | No measurable change after inflation |
| Median real estate taxes | $1,048 (±$101) | $1,396 (±$123) | +33.2% | No measurable change after inflation |
| Households that rent | 16.6% (±5.0 points) | 10.4% (±3.9 points) | −6.2 percentage points | Not a measurable change |
| Rental vacancy rate | 5.8% (±9.2 points) | 13.6% (±19.2 points) | +7.8 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Lakefield
In 2025, the Lakefield Police Department reported 0 violent and 59 property crimes per 100,000 residents to the FBI.
Across Jackson County, the departments that report recorded 112 violent and 193 property crimes per 100,000 residents that year.
Places near Lakefield
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Heron Lake Township | 3.3 mi | $1,047 | $209,700 | 14.2% |
| Hunter Township | 3.7 mi | — | $236,900 | 15.4% |
| Des Moines Township | 6.1 mi | — | $256,300 | 11.5% |
| Rost Township | 6.2 mi | $675 | $237,500 | 11.3% |
| West Heron Lake Township | 6.3 mi | — | $120,800 | 5.2% |
| Belmont Township | 7.3 mi | — | $321,100 | 12.2% |
| Delafield Township | 8.4 mi | — | $216,700 | 6.3% |
| Okabena | 8.6 mi | — | $108,300 | 5.4% |
Places in Minnesota most like Lakefield
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Dalton | $755 | $106,800 | $68,659 | 10.8% |
| Gilbert | $698 | $126,000 | $64,625 | 16.2% |
| Danube | $912 | $141,300 | $61,944 | 14.2% |
| Heron Lake | $833 | $88,600 | $68,000 | 16.9% |
| Edgerton | $825 | $132,100 | $68,894 | 7.9% |
| Adrian | $950 | $165,500 | $73,438 | 11.4% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Minnesota.
HUD Fair Market Rent for Lakefield, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $706 | $922 | $1,014 | $1,328 | $1,333 |
HUD income limits for Lakefield, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $20,850 | $34,700 | $55,550 |
| 2 people | $23,800 | $39,650 | $63,450 |
| 3 people | $27,320 | $44,600 | $71,400 |
| 4 people | $33,000 | $49,550 | $79,300 |
| 5 people | $38,680 | $53,550 | $85,650 |
| 6 people | $44,360 | $57,500 | $92,000 |
| 7 people | $50,040 | $61,450 | $98,350 |
| 8 people | $55,720 | $65,450 | $104,700 |
These are the limits HUD sets for its housing programs in the Jackson County, MN, where HUD’s median family income for fiscal year 2026 is $99,100.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lakefield
How many renters are there in Lakefield?
Lakefield has an estimated 70 (±26) renting households, 10.4% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Lakefield?
The median household income in Lakefield is $71,648 (±$7,442) a year (2020–2024 American Community Survey).
What is the average home value in Lakefield, MN?
The Census Bureau publishes the median: $133,800 (±$6,963) for owner-occupied homes in Lakefield (2020–2024 American Community Survey).
What is the average mortgage payment in Lakefield?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Lakefield, MN is $1,133 (±$66) a month, including taxes, insurance and utilities.
How much are property taxes in Lakefield?
The median real estate tax paid by homeowners in Lakefield, MN is $1,396 (±$123) a year (2020–2024 American Community Survey).
How many homes are in Lakefield?
Lakefield, MN has an estimated 770 (±68) housing units, occupied and vacant (2020–2024 American Community Survey).
Is Lakefield growing?
In Lakefield, the number of residents went from 1,763 in 2015–2019 to 1,507 in 2020–2024 (−14.5%), a measurable decrease.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Lakefield city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lakefield city, Minnesota
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lakefield city, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lakefield city, Minnesota
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Lakefield city, Minnesota
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Lakefield city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lakefield city, Minnesota
- HUD Fair Market Rents, fiscal year 2027: Jackson County, MN
- HUD Income Limits, fiscal year 2026: Jackson County, MN
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Lakefield Police Department (ORI MN0320200)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lakefield city, Minnesota (place:34316, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .