Home values, rents and more in Lakeville, MN
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Lakeville in ProMap- Under $380k
- $380k–$410k
- $410k–$420k
- $420k–$480k
- $480k+
- No data
How Lakeville compares
The typical home in Lakeville, MN is worth about $485,000, according to the Zillow Home Value Index for September 2026. Home values in Lakeville are 25% above the typical value in the Minneapolis metro area ($388,000) and 32% above the U.S. typical value ($366,000).
Over the past year, home values in Lakeville rose 0.9%, compared with +1.7% in the Minneapolis metro area and +1.2% nationally.
Typical rent is $2,101 a month (Zillow Observed Rent Index), 21% above the Minneapolis metro area ($1,736) and 9% above the U.S. ($1,932). Rents rose 1.3% over the past year.
The median household income is $139,041, against $99,833 in the Minneapolis metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 74,354 people live in Lakeville (American Community Survey 2020–24).
Lakeville has the 42nd-highest typical home value of the 203 cities in the Minneapolis metro area and the 47th-highest of 675 in Minnesota with Zillow figures.
Part of: Dakota County, MN · Minneapolis metro area · Minnesota
More for Lakeville in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Crime rates
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby cities
ZIP codes in Lakeville, MN
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.