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Lake Mills, IA
Full City Profile · Iowa · Winnebago County County
3.0
/5.0
B
Good
2,054
Population
758/sq mi density
$70,333
Median Income
$33,609 per capita
$127,100
Home Value
$165,001 Zillow
$615
Median Rent
21.3% income on rent
45°F
Avg Temperature
260 sunny days/yr
302
Violent Crime/100K
1,260 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$70,333 median income, 1.9% unemployment
A+
Affordability
5.0 / 5.0
$127,100 home value, $615/mo rent
F
Safety
1.0 / 5.0
302 violent crimes/100K
C
Education
2.4 / 5.0
17.3% bachelor's degree or higher
Housing Overview
Median Home Value
$127,100
55% below
US avg: $281,900
Median Rent
$615/mo
47% below
US avg: $1,163/mo
Homeownership Rate
67.1%
3% above US avg (65.4%)
Total Housing Units
971
Median year built: 1963
Home Value by Source
Census Median
$127,100
Zillow (ZHVI)
$165,001
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
67.1%
Owner-Occupied
32.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent:
$615/mo
Affordability & Housing Stock
Rent Burden
21.3%
of renters spending 30%+ of income on housing
31% below US avg (31.0%)
Median Year Built
1963
Average age of housing stock: 63 years
Homeownership Rate
67.1%
Complete Housing Data
Home Values
| Census Median Value | $127,100 |
| Zillow Home Value (ZHVI) | $165,001 |
Rent
| Census Median Rent | $615 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
Ownership & Stock
| Owner-Occupied | 67.1% |
| Renter-Occupied | 32.9% |
| Homeownership Rate | 67.1% |
| Total Housing Units | 971 |
| Median Year Built | 1963 |
| Rent Burden | 21.3% |