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Advertise here →Lakeville, MN · Houses & Market Data
Lakeville, Minnesota houses and real estate market data.
Houses in Lakeville, MN (Dakota County) — Census median home value $425,200, county listing prices down about 3.1% over the past year. Market data for Lakeville houses and the broader area.
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Lakeville, MN is in Dakota County, Minnesota — this guide covers houses in Lakeville and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 72,480, with a median household income of $138,119. Census data puts Lakeville houses at a median value of $425,200 (all owner-occupied homes); Dakota County's current median listing price runs $465,000, down about 3.1% over the past year.
Info from government sites and builders may have provided source info.
Market overview
Lakeville housing market
Lakeville is in Dakota County, Minnesota. Manifest Census and county price-trend data provide baseline context for houses in Lakeville and the surrounding county market.
Median home value (Census ACS)
$425,200
Population (Census ACS)
72,480
Median household income
$138,119
County price trend (2025)
1.49% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Lakeville market snapshot
Population
72,480
County
Dakota County
Median Household Income
$138,119
Median Home Value (city)
$425,200
Median Listing Price (Dakota County)
$465,000
Median Gross Rent
$1,727/mo
Price Trend (YoY)
-3.1%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About
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What makes Lakeville different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Lakeville's median home value — across all owner-occupied homes, not just recent sales — at $425,200. Separately, Dakota County's current median listing price (via Realtor.com data, 2026-06-01) runs $465,000. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Dakota County's FHFA house price index shows a 1.49% annual change in 2025.
Population & Income
Lakeville has an estimated population of 72,480 and a median household income of $138,119, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Lakeville's Census-reported median home value works out to about 3.1x the area's median household income, and median gross rent runs roughly 15% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Nearby
Places around Lakeville
County guide: Dakota County — cities, market context, and local resources for the county that includes Lakeville.
USAHouses.com also helps visitors looking in nearby Dakota County and other Minnesota communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
Nearby communities include Farmington, Apple Valley, Burnsville, Empire, Rosemount, Eagan, Coates, Hampton, Inver Grove Heights, Vermillion, Mendota Heights, Mendota, Randolph, Northfield, Sunfish Lake, New Trier.
Farmington market data
Nearby city · ~4.2 mi
Apple Valley market data
Nearby city · ~5.4 mi
Burnsville market data
Nearby city · ~6.2 mi
Empire market data
Nearby city · ~7.8 mi
Rosemount market data
Nearby city · ~10.2 mi
Eagan market data
Nearby city · ~10.6 mi
Coates market data
Nearby city · ~11.1 mi
Hampton market data
Nearby city · ~13.1 mi
Inver Grove Heights market data
Nearby city · ~14.1 mi
Vermillion market data
Nearby city · ~14.2 mi
Mendota Heights market data
Nearby city · ~15.2 mi
Mendota market data
Nearby city · ~15.3 mi
Randolph market data
Nearby city · ~15.4 mi
Northfield market data
Nearby city · ~15.8 mi
Sunfish Lake market data
Nearby city · ~15.8 mi
New Trier market data
Nearby city · ~16.5 mi
More Minnesota cities with market guides: Rochester, Bloomington, Duluth, Brooklyn Park, Plymouth, Woodbury, Blaine, Maple Grove.
Rochester market data
Same-state city guide
Bloomington market data
Same-state city guide
Duluth market data
Same-state city guide
Brooklyn Park market data
Same-state city guide
Plymouth market data
Same-state city guide
Woodbury market data
Same-state city guide
Blaine market data
Same-state city guide
Maple Grove market data
Same-state city guide
Adjacent-county Census places with USAHouses.com pages: Credit River (~5.4 mi), Savage (~8.0 mi), Elko New Market (~8.6 mi), Prior Lake (~9.9 mi), Bloomington (~11.1 mi), Shakopee (~12.8 mi), Richfield (~13.8 mi), Eden Prairie (~15.7 mi), Edina (~15.8 mi), St. Paul Park (~16.8 mi), Newport (~18.5 mi), Hopkins (~18.8 mi), Cottage Grove (~19.1 mi), Jordan (~19.1 mi), St. Louis Park (~19.6 mi), Minneapolis (~19.9 mi).
New construction: New homes near Lakeville (Minneapolis St Paul) · Minnesota new construction.
Census & home facts
Lakeville data from published sources
Population (ACS 2023)
72,480
Median home value (ACS 2023)
$425,200
Median household income (ACS 2023)
$138,119
Median gross rent (ACS 2023)
$1,727
County FHFA annual change (2025)
1.49%
County median listing price (FRED/Realtor.com) (2026-06-01)
$465,000
Census place type
city
County
Dakota County
Land area (Census Gazetteer 2024)
36.91 sq mi
Census GEOID
2735180
Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.
NewUSAHouses.com communities
Closest verified new-home communities near Lakeville
Availability and pricing are controlled by the builder and may change; confirm with the builder.
Caslano ↗
Lennar · Lakeville, Minnesota · ~0.9 mi · from $595,990
Cook Lake Highlands ↗
Robert Thomas Homes · Lakeville, Minnesota · ~1.5 mi
Ritter Meadows ↗
Robert Thomas Homes · Lakeville, Minnesota · ~1.5 mi
The Harvest ↗
Robert Thomas Homes · Lakeville, Minnesota · ~1.5 mi
Applewood Pointe ↗
Robert Thomas Homes · Lakeville, Minnesota · ~1.5 mi
Local life
Life in Lakeville
Schools
ROSEMOUNT-APPLE VALLEY-EAGAN — 41 schools, 29,221 students enrolled, per the U.S. Department of Education's Common Core of Data. Dakota addresses may be served by ROSEMOUNT-APPLE VALLEY-EAGAN, but attendance zones vary by street — confirm assigned schools with the district before making a move.
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Common questions
Lakeville FAQ
What are houses worth in Lakeville, MN?
The Census Bureau's American Community Survey puts the median value of houses in Lakeville at $425,200. Dakota County's current median listing price runs $465,000, down about 3.1% over the past year.
How much do houses cost in Lakeville, MN?
For owner-occupied houses in Lakeville, Census ACS data shows a median value of $425,200. Active listing prices in Dakota County may differ — see the market snapshot above.
What types of houses are in Lakeville, MN?
Lakeville houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Dakota County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Lakeville, MN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Lakeville's population at approximately 72,480.
What's the median rent in Lakeville, MN?
The Census ACS estimates median gross rent in Lakeville at approximately $1,727 per month.
What is the median household income in Lakeville, MN?
Census ACS data puts the median household income in Lakeville at approximately $138,119.
Is the Lakeville housing market growing?
Dakota County's FHFA house price index shows a 1.49% annual change in 2025.
Is Lakeville, MN affordable relative to income?
Census ACS data puts Lakeville's median home value at about 3.1 times the median household income, with median gross rent equal to roughly 15% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
What school district serves Lakeville, MN?
Manifest and public school-directory data suggest ROSEMOUNT-APPLE VALLEY-EAGAN for many Lakeville addresses, but attendance zones vary by street — verify your assigned schools with the district before making a move.
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