Despite its rural classification, the steady population growth suggests Lake Mills might be experiencing suburban influences. This could manifest as newer, more clustered housing developments, potentially offering rural charm with increasing access to amenities typically associated with more populous areas.

The estimated 3,144 housing units for the 2022 population, based on the national average household size, supports the idea of a community balancing space with a growing population. This housing stock likely consists primarily of single-family homes, with potential newer multi-unit developments to accommodate the population increase.

Lake Mills appears to be a growing rural community possibly transitioning towards a more suburban-rural character. The area likely offers residents a lifestyle combining rural tranquility with gradually improving access to services and amenities, potentially attractive to those seeking a balance between nature and community-oriented living.