What is the population of Lakeville city?

Lakeville city has 72,480 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #9 of 914 in Minnesota.

What is the median household income in Lakeville city?

Median household income in Lakeville city is $138,119 a year, 75.9% above the national figure of $78,538.

How much does it cost to rent or buy in Lakeville city?

Median gross rent is $1,727 a month and the median home value is $425,200, so rent absorbs about 15% of median household income.

Is Lakeville city affordable compared with the rest of the US?

Homes cost about 3.1× the local median income here versus roughly 3.9× nationally, so Lakeville city is more affordable to buy in than the typical US market, and rent takes 15% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Minnesota · Census place 35180

Lakeville, MN population, income and ZIP codes

Quick answer

The population of the city of Lakeville, Minnesota (Lakeville, MN — Census place “Lakeville city”) is 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. Looking for the Lakeville Minnesota ZIP code list? 1 ZIP codes serve Lakeville, MN: 55044.

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

Lakeville ZIP codes (Minnesota)

Census ZCTAs whose delivery area overlaps Lakeville.

The Lakeville MN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

55044

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

Lakeville city, MN in context

How this area compares with national benchmarks.

Lakeville city is a small city in Minnesota, with 72,480 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #9 of 914 ranked by population — larger than 99% of them. The median age here is 36.9 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this size the Census also publishes one-year estimates; the five-year values used here are steadier and let you compare against smaller neighbours on the same basis.

Households in Lakeville city earn a median of $138,119 a year, 75.9% above the national figure of $78,538 and 83% above the $75,469 median for the 361 Minnesota cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 3.3% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Lakeville city is valued at $425,200, 40.1% above the national figure and 77% above the $240,400 peer median, while median gross rent runs $1,727 a month, 22.8% above the national figure, or roughly $20,724 across a full year. A household on the local median income would put about 15% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 3.1×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 87.8% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Minnesota.

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Frequently asked questions

Common questions about this area.

What is the population of Lakeville city?: Lakeville city has 72,480 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #9 of 914 in Minnesota.
What is the median household income in Lakeville city?: Median household income in Lakeville city is $138,119 a year, 75.9% above the national figure of $78,538.
How much does it cost to rent or buy in Lakeville city?: Median gross rent is $1,727 a month and the median home value is $425,200, so rent absorbs about 15% of median household income.
Is Lakeville city affordable compared with the rest of the US?: Homes cost about 3.1× the local median income here versus roughly 3.9× nationally, so Lakeville city is more affordable to buy in than the typical US market, and rent takes 15% of median income against the 30% cost-burden line.
How current is this Lakeville city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this size the Census also publishes one-year estimates; the five-year values used here are steadier and let you compare against smaller neighbours on the same basis.