How many renters in Lake Park, NC pay more than 30% of their income on rent?

Name: Rent burden in Lake Park, NC, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

85.1% (±17.5 points) of renting households in Lake Park, NC spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).

79.6% spend 35% or more.

The median renting household spends 50.0% or more of its income on rent.

Figures last updated on November 12, 2026.

Paying 30% or more: 85.1% (±17.5 points)
Paying 35% or more: 79.6% (±15.3 points)
Median share of income: 50.0% or more

Rent as a share of income in Lake Park

Renting households by gross rent as a percentage of household income, 2020–2024
Share of income spent on rent	Lake Park	Union County	North Carolina	United States
Less than 15%	0.0% (±13.6 points)	15.5%	14.1%	12.6%
15% to 19.9%	3.8% (±4.6 points)	12.2%	12.6%	12.2%
20% to 24.9%	3.5% (±5.9 points)	18.7%	13.2%	12.6%
25% to 29.9%	7.6% (±8.4 points)	10.4%	11.3%	11.5%
30% to 34.9%	5.5% (±8.4 points)	7.3%	9.3%	9.2%
35% or more	79.6% (±15.3 points)	35.9%	39.6%	41.9%

Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.

Lake Park against Union County, its state and the nation

Estimate (90% margin of error)
	Lake Park	Union County	North Carolina	United States
Paying 30% or more	85.1% (±17.5 points)	43.2% (±4.0 points)	48.9% (±0.6 points)	51.1%
Paying 35% or more	79.6% (±15.3 points)	35.9% (±3.5 points)	39.6% (±0.5 points)	41.9%
Median share of income	50.0% or more	26.7% (±1.8 points)	29.5% (±0.2 points)	30.6%
Median renter household income	$46,875 (±$25,884)	$65,360 (±$6,662)	$48,010 (±$418)	$52,966
Median gross rent	$2,040 (±$250)	$1,496 (±$74)	$1,228 (±$5)	$1,413

In Lake Park, the share of renters paying 30% or more of income is higher than in Union County (43.2%).

It is also higher than in North Carolina (48.9%).

It is higher than the national figure (51.1%).

In Union County, Lake Park ranks 2 of 13 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.

Statewide, it ranks 42 of 650.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Renters paying 30% or more of income in places near Lake Park

Nearest places with a published estimate, compared with Lake Park
Place	Distance	Renters paying 30% or more of income	Compared with this place
Lake Park	—	85.1% (±17.5 points)	—
Indian Trail	1.4 mi	47.3% (±7.9 points)	Lower
Hemby Bridge	1.8 mi	41.9% (±32.1 points)	Lower
Stallings	2.3 mi	41.2% (±18.6 points)	Lower
Matthews	4.9 mi	45.5% (±7.7 points)	Lower
Wesley Chapel	6.4 mi	51.0% (±66.2 points)	Not measurably different
Mint Hill	6.6 mi	43.9% (±12.0 points)	Lower
Unionville	6.6 mi	31.5% (±28.4 points)	Lower
Monroe	7.1 mi	49.1% (±8.4 points)	Lower

Nearby places with a measurably lower figure: Indian Trail, NC (47.3%), Hemby Bridge, NC (41.9%), Stallings, NC (41.2%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Renters paying 30% or more of income across Union County, place by place

Rank	Place	Renters paying 30% or more of income
1	Weddington	90.9% (±31.7 points)
2	Lake Park	85.1% (±17.5 points)
3	Wingate	74.8% (±16.9 points)
4	Mineral Springs	56.5% (±39.9 points)
5	Wesley Chapel	51.0% (±66.2 points)
6	Monroe	49.1% (±8.4 points)
7	Indian Trail	47.3% (±7.9 points)
8	Hemby Bridge	41.9% (±32.1 points)

Showing 8 of 13 places in Union County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates).

Margins of error are at the 90% confidence level.

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Questions about Lake Park

Are renters in Lake Park rent-burdened?

85.1% of renting households in Lake Park pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).

What share of income do renters in Lake Park spend on rent?

The median renting household in Lake Park, NC spends 50.0% or more of its household income on gross rent.

Sources

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) and detailed tables (acs/acs5) for Lake Park village, North Carolina (place:36512, in state:37).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The API needs a free key.

Request a Census API key.

DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M

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.