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ZipNumbers

Minnesota · Census place 35180

Lakeville city, MN

Quick answer

Lakeville city has 72,480 residents, ranking #9 of 914 places in Minnesota. Median household income is $138,119, the median home is worth $425,200 and median gross rent runs $1,727 a month.

Population
72,480Lakeville city residents
Median household income
$138,119Past 12 months, inflation adjusted
Median home value
$425,200Owner-occupied units
Median gross rent
$1,727Rent plus utilities, monthly
Median age
36.9 yrsAll residents
Homeownership rate
87.8%Owner-occupied households

What the numbers mean in Lakeville city

Housing cost measured against local earnings.

A household earning the Lakeville city median would spend about 15% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.3% of residents and 87.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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