All Countries
Lakeville, MN
Full City Profile · Minnesota · Dakota County County
4.0
/5.0
A
Great
72,480
Population
1,963/sq mi density
$138,119
Median Income
$56,494 per capita
$425,200
Home Value
$479,397 Zillow
$1,727
Median Rent
32.1% income on rent
46°F
Avg Temperature
270 sunny days/yr
67
Violent Crime/100K
839 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$138,119 median income, 1.8% unemployment
A+
Affordability
5.0 / 5.0
$425,200 home value, $1,727/mo rent
F
Safety
1.0 / 5.0
67 violent crimes/100K
A+
Education
5.0 / 5.0
50.9% bachelor's degree or higher
Housing Overview
Median Home Value
$425,200
51% above
US avg: $281,900
Median Rent
$1,727/mo
48% above
US avg: $1,163/mo
Homeownership Rate
87.8%
34% above US avg (65.4%)
Total Housing Units
24,820
Median year built: 1997
Home Value by Source
Census Median
$425,200
Zillow (ZHVI)
$479,397
Median Sale Price
$477,000
Median List Price
$547,396
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
87.8%
Owner-Occupied
12.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$1,727/mo
· Zillow rent:
$1,991/mo
Market Indicators (Redfin)
Median Days on Market
84 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
64
Price Drops
25.9%
of listings with price reduction
Price Per Sq Ft
$198
Active Inventory
224
homes for sale
Affordability & Housing Stock
Rent Burden
32.1%
of renters spending 30%+ of income on housing
4% above US avg (31.0%)
Median Year Built
1997
Average age of housing stock: 29 years
Homeownership Rate
87.8%
Complete Housing Data
Home Values
| Census Median Value | $425,200 |
| Zillow Home Value (ZHVI) | $479,397 |
| Median Sale Price | $477,000 |
| Median List Price | $547,396 |
| Price Per Sq Ft | $198 |
Rent
| Census Median Rent | $1,727 |
| Zillow Rent (ZORI) | $1,991 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 84 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 25.9% |
| Homes Sold | 64 |
| Active Inventory | 224 |
| Price Per Sq Ft | $198 |
Ownership & Stock
| Owner-Occupied | 87.8% |
| Renter-Occupied | 12.2% |
| Homeownership Rate | 87.8% |
| Total Housing Units | 24,820 |
| Median Year Built | 1997 |
| Rent Burden | 32.1% |