Population 6,409 · Census ACS 2020–24
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Population and households in Diamond Lake
Household size in Diamond Lake
| Period | Diamond Lake | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.48 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 2.57 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 2.69 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 2.31 | 2.58 | 2.52 | 2.65 |
| Change | −0.17 | −0.00 | +0.00 | −0.03 |
Diamond Lake is a place of small households, averaging 2.31 people against 2.65 for the U.S., which points to many singles, couples and roommates and relatively few children. Household size has dropped from 2.48 in 2006–10, a much bigger shift than nationally. Households are largest in the north and smallest in the southwest.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Diamond Lake
| Period | Diamond Lake | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 37.2 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 38.7 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 37.5 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 40.8 | 39.2 | 40.0 | 40.1 |
| Change | +3.6 | +2.5 | +2.1 | +2.3 |
At 40.8, the median age in Diamond Lake is close to the national median of 40.1, so its age mix looks much like the country's. The population here is older than in the Minneapolis area overall, where the median age is 39.2. Since 2006–10, the median age has climbed from 37.2, in line with the national trend.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Diamond Lake
| Period | Diamond Lake | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 11.5% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 10.1% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 5.2% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 11.0% | 9.8% | 9.6% | 11.6% |
| Change | −0.5 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single parents head just over one in ten households in Diamond Lake (11.0%), close to the national share of 11.6%. Single parents are more common here than in the Minneapolis area as a whole (9.8%).
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Diamond Lake
Renters in Diamond Lake
| Period | Diamond Lake | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.9% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 7.9% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 12.1% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 11.0% | 29.3% | 27.8% | 34.8% |
| Change | +1.1 pts | +2.0 pts | +2.0 pts | +1.5 pts |
Only 11.0% of households in Diamond Lake rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. Among homeowners, 19.1% have no mortgage at all, well below the national share of 39.8%. The renter share is up 1.1 points from 2006–10, as it has nationally. Few Minneapolis neighborhoods have a lower share of renters: only four of 60.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Diamond Lake
| Period | Diamond Lake | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 4.6% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 3.9% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 5.8% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 3.7% | 5.7% | 8.3% | 9.6% |
| Change | −0.9 pts | −1.3 pts | −0.9 pts | −1.8 pts |
Only 3.7% of homes in Diamond Lake are vacant, far below the national rate of 9.6%, which usually means strong demand for housing. Vacancy has edged down 0.9 points since 2006–10, in line with the national trend. Of Minneapolis' 60 neighborhoods, only three have a lower vacancy rate.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Diamond Lake
| Period | Diamond Lake | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1947 | 1975 | 1973 | 1974 |
| 2010–14 | 1947 | 1976 | 1974 | 1975 |
| 2015–19 | 1945 | 1977 | 1975 | 1977 |
| 2020–24 | 1948 | 1980 | 1978 | 1980 |
| Change | +1 | +4 | +5 | +6 |
Diamond Lake is a place of older homes: half were built before 1948, while the national median is 1980. That means established neighborhoods, and more houses that may need updating. Newer construction is concentrated in the center, while the north has the oldest housing.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Diamond Lake
| Period | Diamond Lake | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,605 | $1,007 | $882 | $965 |
| 2010–14 | $1,431 | $1,077 | $953 | $1,040 |
| 2015–19 | $1,431 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $1,788 | $1,603 | $1,404 | $1,571 |
| Change | +$183 | +$597 | +$522 | +$606 |
The median renter in Diamond Lake pays $1,788 a month for rent and utilities, above the national median of $1,571. Rent has climbed $183 a month since 2006–10, up 11%, a slower climb than the nation's. The typical renter here spends 25.4% of household income on rent, comfortably under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally. The priciest rents are in the north; the most affordable are in the southwest.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Diamond Lake
Bachelor's degrees in Diamond Lake
| Period | Diamond Lake | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 52.4% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 54.0% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 57.1% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 70.4% | 45.4% | 39.6% | 35.6% |
| Change | +18.0 pts | +8.1 pts | +7.4 pts | +7.2 pts |
Diamond Lake is highly educated: about seven in ten adults 25 and older (70.4%) hold at least a bachelor's degree, far above the national share of 35.6%. Since 2006–10, the share with a degree has risen 18.0 points, in line with the national trend. College graduates are most concentrated in the northeast and least in the southwest.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Diamond Lake
| Period | Diamond Lake | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 97.2% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 93.9% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 97.5% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 98.4% | 94.0% | 93.7% | 89.3% |
| Change | +1.3 pts | +1.6 pts | +2.3 pts | +4.3 pts |
Finishing high school is nearly universal in Diamond Lake: 98.4% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. Since 2006–10, the share with a diploma has edged up 1.3 points, a smaller shift than nationally. Diamond Lake has a higher share of high school graduates than at least four in five Minneapolis neighborhoods.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Diamond Lake
| Period | Diamond Lake | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.8% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 5.3% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 1.4% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 5.6% | 4.0% | 4.1% | 5.4% |
| Change | −1.2 pts | −2.7 pts | −2.4 pts | −2.7 pts |
At 5.6%, unemployment in Diamond Lake is close to the national rate of 5.4%. The rate is higher than in the Minneapolis area overall (4.0%). Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Diamond Lake compared with nearby neighborhoods
| Neighborhood | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Diamond Lake | 2.31 | 40.8 | 11.0% | 11.0% | 3.7% | 1948 | $1,788 | 70.4% | 98.4% | 5.6% |
| Hale | 2.49 | 39.4 | 5.1% | 13.5% | 7.5% | 1938 | $1,808 | 80.9% | 99.1% | 1.7% |
| Windom | 2.32 | 38.7 | 6.1% | 48.5% | 6.4% | 1956 | $1,453 | 56.8% | 96.3% | 7.1% |
| Minnehaha | 1.90 | 46.5 | 6.3% | 25.0% | 9.1% | 1960 | $1,502 | 71.3% | 96.6% | 2.0% |
| Wenonah | 2.51 | 34.7 | 11.0% | 23.2% | 9.8% | 1954 | $1,281 | 51.6% | 88.5% | 5.1% |
| Fuller Tangletown | 2.37 | 40.5 | 9.1% | 15.4% | 8.0% | 1943 | $1,700 | 82.0% | 98.4% | 3.2% |
| Northrop | 2.32 | 40.0 | 6.1% | 16.1% | 7.3% | 1939 | $1,359 | 69.6% | 95.3% | 4.1% |
| Kenny | 2.36 | 39.1 | 6.2% | 8.0% | 2.8% | 1950 | $2,016 | 82.2% | 100.0% | 4.0% |
| Keewaydin | 2.22 | 42.4 | 5.9% | 11.1% | 6.3% | 1938 | $1,682 | 63.8% | 96.5% | 3.1% |
| Lynnhurst | 2.60 | 44.4 | 4.9% | 7.3% | 3.4% | 1939 | $1,763 | 85.1% | 98.7% | 3.9% |
| Ericsson | 2.26 | 41.7 | 2.7% | 15.6% | 8.3% | 1947 | $1,847 | 65.6% | 97.5% | 3.0% |
All figures 2020–24.
Neighborhoods with similar populations: Westowne, Catonsville, MD · Downtown Troy, Troy, MI · Sunset Hills, Lawrence, KS · Coronado, Kansas City, KS · Corbett, Tucson, AZ · Tippecanoe, Milwaukee, WI · Town of Lake, Milwaukee, WI · University Hills, Denver, CO · Brookland, Washington, DC · Verdugo Woodlands, Glendale, CA
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Diamond Lake. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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