Housing & Real Estate — Lakeville, Minnesota
Overview
| Total Housing Units | 25,576 |
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| Occupied | 24,959 |
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| Vacant | 617 |
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| Owner-Occupied | 21,921 |
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| Renter-Occupied | 3,038 |
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| Median Home Value (Census) | $452,500 |
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| Estimated 2026 | ~$523,000 |
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| Median Rent | $1,727/mo |
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| Median Property Tax | $4,498/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | moderate |
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| Rent as % of Income | 14.9% |
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| Severely Rent-Burdened | 45.0% |
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Housing Age
| Built 2010 or later | 6,519 |
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| Built 2000-2009 | 6,189 |
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| Built 1990-1999 | 6,159 |
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| Built before 1960 | 1,099 |
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| Median Year Built | 1997 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
