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Lakeville, MN Real Estate

Lakeville is a city in Dakota County, Minnesota with a population of about 72,480. The median home value is near $425,200, and median rent runs around $1,727/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value
$425,200
Median Rent
$1,727/mo
Population
72,480
Median Income
$138,119
Median Age
36.9
Homeownership
87.8%

Monthly payment on a median Lakeville home

Example for a $425,200 home: 20% down, 30-yr at ~6.75%, MN property tax ~1.05%, 0.4% insurance.

Est. monthly (PITI)
$2,720
Principal & interest
$2,206
Property tax / mo
$372
Down payment (20%)
$85,040

Lakeville at a glance

  • 34.9% of residents 25+ hold a bachelor's degree or higher.
  • 87.8% of occupied homes are owner-occupied.
  • Median household income is $138,119.
  • Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

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