Lake Park, NC

This village of 3,718 residents needs 266 more housing units over the next five years. Lake Park is part of the Charlotte Regional Transportation Planning Organization.

Housing snapshot

Population
3,718 (2026)
Households
1,426
Median household income
$71,101 (2026)
Typical home value
$431,889
Owner-occupied
76%
Five-year housing need
266 units

Comparison to other North Carolina municipalities

Lake Park: $71,101 Median income (2026 estimate)
<$18K >$156K
Lake Park: 0.47 jobs to household ratio
<0.04 >3.14
Lake Park: No permit data
<0.2% >30.6%
On this page

How affordable is this community?

The typical home in Lake Park, NC is valued at $431,889, well above the North Carolina average of $264,457. At a median household income of $71,101 in Lake Park, NC, affordability is stretched, with households needing roughly $31,088 more to comfortably afford the typical home.

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 is the population changing?

Lake Park, NC has a population of roughly 3,431, growing modestly at 0.5% per year.

Population growth patterns reveal how communities are evolving. This chart shows historical population changes by age group and projects future trends based on demographic patterns.

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 1,426 households, Lake Park, NC is growing modestly at 0.5% 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 Park, NC is heavily oriented toward detached single-family, which makes up 77% of units. Lake Park, NC is a strongly owner-occupied community, with 76% of households owning their home.

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 much new housing supply is needed?

To keep up with growth and fill current housing shortages, Lake Park, NC needs 266 new units over the next 5 years.

236
Units needed to keep up with expected growth
Projected total household growth from 2026 to 2031.
16.5%
Projected household growth rate
Expected increase in total households from 1,426 in 2026 to 1,662 in 2031.
30
Units to address shortages in existing housing stock
Production needs to address vacancy rates and other factors.
6
Replacement housing
Effective annual loss rate is 0.9 per 1,000 units.
24
Rental vacancy adjustment
Rental vacancy is 0.0%. This is below the minimum stable target of 7.4%.
266
Total 5-year housing production need (2026-2031)
53
Annual production pace
Average units needed per year to meet 5-year need
18.9%
Total housing unit growth
Percent increase in housing stock over 5 years
3.8%
Annual housing unit growth
Average percent increase in housing stock per year

How does this place compare to similar communities?