Median Income
$55,179
27% lower than US avg
Home Value
$122,300
57% lower than US avg
Bachelor's+
14.5%
57% lower than US avg
Median Rent
$769
34% lower than US avg
Obesity Rate
34.1%
6% higher than US avg
Unemployment
2.0%
44% lower than US avg
Poverty Rate
9.8%
21% lower than US avg
How Lakeville Compares to the U.S. Average (100% = U.S. avg)
People
Population669
Median Age39.2 yrs
Density1,062/mi²
Male / Female42% / 58%
Largest GroupWhite 98%
Veterans6.1%
Economy
B+
Median Income$55,179
Per Capita$30,734
Unemployment2.0%
Poverty9.8%
County GDP$19,493M
Commute24 min
Housing
A+
Home Value$122,300
Rent$769
OwnershipN/A
Zillow$272,694
Rent Burden25.6%
Health
Obesity34.1%
UninsuredN/A
Depression29.7%
Heart Disease5.5%
Climate
Avg Temp49°F
AQI41 (Good)
Rain41.9 in/yr
Elevation850 ft
Education
C
Bachelor's+14.5%
High School+90.0%
School Score6.01
Community
2024 VoteR 49% / D 50%
Commute24 min
Broadband81.3%
Libraries15
Is Lakeville a Good Place to Live?
Based on current data, Lakeville receives an overall livability score of 3.7 out of 5.0, earning a grade of B+. Key strengths include low unemployment, affordable housing, high health insurance coverage. Areas to be aware of include below-average incomes. Lakeville offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Lakeville is $55,179, 27% below the national average of $75,149. The job market is very strong with unemployment at just 2.0%. 9.8% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 24 minutes.
Cost of Living & Housing
The median home value in Lakeville is $122,300, 57% below the national median — offering relatively affordable homeownership. Renters pay a median of $769 per month, below the national average — a plus for affordability. At just 2.2x median income, home prices are very affordable relative to local earnings.
Education
14.5% of residents hold a bachelor's degree, below the national average of 33.7%. 90.0% have completed high school. Area schools have an average test score of 6/10.
Climate & Weather
Lakeville experiences four distinct seasons with an average temperature of 49°F. Winters average 23°F in January while summers reach 71°F in July. Annual precipitation totals 41.9 inches, including 36.6 inches of snow. Air quality is rated Good with a median AQI of 41.
Lakeville has a population of 669 with a density of 1,062 people per square mile. The median age is 39.2 years, 1% older than the national median of 38.9. The city is predominantly White (98.1%).
Population
39.2yrs
Median Age
1% above US avg
Race & Ethnicity
Lakeville vs U.S. Average
Language Spoken at Home
| English Only | 96.5% |
| 23% above US avg |
| Spanish | 3.5% |
| 74% below US avg |
Social Characteristics
Lakeville vs U.S. Average
The median household income in Lakeville is $55,179, which is 27% below the national average of $75,149. The unemployment rate is 2.0% (below the 3.6% US average). 9.8% of residents live below the poverty line. Workers commute an average of 24 minutes.
Income: Lakeville vs U.S.
Income
| Median HH Income | $55,179 |
| 27% below US avg |
| Per Capita Income | $30,734 |
| Avg Weekly Wage | $1,140 |
| IRS Avg AGI | $73,799 |
Employment & Poverty
| Unemployment | 2.0% |
| 44% below US avg |
| Poverty Rate | 9.8% |
| 21% below US avg |
| Establishments (County) | 6,539 |
| County GDP | $19,493M |
Business (County)
| Restaurants | 630 |
| Healthcare | 722 |
| Retail | 895 |
| Manufacturing | 315 |
Tax & Cost of Living
| Property Tax (IRS) | $4,800 |
| 37% above US avg |
| Effective Tax Rate | 3.92% |
Commute & Transportation
| Commute Time | 24.3 min |
| Drive Alone | 83.8% |
| Public Transit | 0.0% |
| Work from Home | 9.1% |
The median home value in Lakeville is $122,300, 57% below the national average. Monthly rent averages $769 (34% below US avg). Zillow estimates the typical home value at $272,694.
Home Values
| Census Median | $122,300 |
| 57% below US avg |
| Zillow ZHVI | $272,694 |
| Median List Price | $429,900 |
Real Estate Market (Redfin)
| Median List Price | $429,900 |
| $/Sq Ft | $155 |
| Homes Sold | 4 |
| Sale-to-List Ratio | 99.2% |
| Price Drops | 0.0% |
| Inventory | 3 |
Rental Costs
| Census Median Rent | $769 |
| 34% below US avg |
| Rent Burden | 25.6% |
HUD Fair Market Rent
| Studio | $816 |
| 1 Bedroom | $882 |
| 2 Bedrooms | $1,096 |
| 3 Bedrooms | $1,391 |
| 4 Bedrooms | $1,590 |
Ownership & Property
Property Tax
| Avg Tax (IRS) | $4,800 |
| 37% above US avg |
| Effective Rate | 3.92% |
In Lakeville, 34.1% of adults are obese (above the 32.1% national rate). 29.7% report depression. 23.8% are physically inactive.
Health Metrics: Lakeville vs U.S. Average (%)
Chronic Conditions
| Obesity | 34.1% |
| 6% above US avg |
| Diabetes | 10.1% |
| Heart Disease | 5.5% |
| High Blood Pressure | 32.8% |
| Asthma | 11.4% |
| COPD | 7.0% |
| Stroke | 2.8% |
Behaviors & Mental Health
| |
| Binge Drinking | 18.8% |
| Physical Inactivity | 23.8% |
| Depression | 29.7% |
| Mental Distress | 20.1% |
| Physical Distress | 12.8% |
Healthcare Access
| Insurance Rate | 97.0% |
| |
| Checkup Rate | 77.9% |
| Premature Death | 9,846/100K |
Food & Exercise
| Food Environment | 7.5/10 |
| Exercise Access | 85.0% |
| Healthcare Facilities | 722 |
Crime Rates: Lakeville vs U.S. Average (per 100,000)
Traffic Safety
| Fatal Crashes (County/yr) | 23 |
Safety Score
Lakeville has an average annual temperature of 49°F (9°C). Winters average 23°F in January while summers reach 71°F in July. Annual precipitation is 41.9 inches. Air quality is rated Good with a median AQI of 41.
Temperature
23°F Jan (-5°C)
71°F Jul (22°C)
| Annual Average | 48.6°F |
| 10% below US avg |
| January Average | 23°F (-5°C) |
| July Average | 71°F (22°C) |
Precipitation & Snow
| Annual Rainfall | 41.9 inches |
| 10% above US avg |
| Snowfall | 36.6 inches/yr |
Air Quality
| AQI Median | 41.0 |
| Rating | Good |
Geography
| Elevation | 850 ft (259 m) |
| Area | 0.6 sq mi (1.6 km²) |
| Population Density | 1,062/sq mi |
| Coordinates | 41.5285°N, 86.2754°W |
| County FIPS | 18141 |