Lake Alice, MN

This township of 118 residents needs 8 more housing units over the next five years.

Housing snapshot

Population
118 (2026)
Households
62
Median household income
$76,708 (2026)
Typical home value
$311,776
Owner-occupied
53%
Five-year housing need
8 units

Comparison to other Minnesota municipalities

Lake Alice: $76,708 Median income (2026 estimate)
<$43K >$191K
Lake Alice: None jobs to household ratio
<0.04 >2.53
Lake Alice: No permit data
<0% >14.7%
On this page

How affordable is this community?

A typical home in Lake Alice, MN costs $311,776, somewhat above the Minnesota average of $271,234. Lake Alice, MN's median household income of $76,708 puts the typical home within reach for most households.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

With roughly 62 households, Lake Alice, MN is growing modestly at 1.4% per year.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

The housing stock in Lake Alice, MN is heavily oriented toward detached single-family, which makes up 83% of units. Lake Alice, MN is roughly split between owners and renters, at 53% owner-occupied.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How does this place compare to similar communities?