Lakeville, MN Real Estate

According to census data in the year 2000 there were 13,799 housing units in Lakeville. This represents a 70.3% growth from 8,105 in 1990.

Of those housing units, 13,391 were located in either urbanized areas or urban clusters, and 408 were located in what is classified as a rural area.

Homeownership rate in Lakeville is about 91.4%. Lakeville's vacancy rate, including seasonal lodging, is about 1.4%. Average household size is 3.17 people.

The majority of houses, apartments or condos in Lakeville were built after 1988.


Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom3.80%
Two Bedrooms12.70%
Three Bedrooms41.30%
Four Bedrooms33.90%
Five Bedrooms or more7.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.24
Median year structure was built1989
Median Value of occupied units$170,400
Median Price asked for vacant units$213,500

Rented Homes, Apartments and Condos

Average Household Size2.4
Median year structure was built1984
Median Monthly Rent asked for vacant units$800

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage14.90%
Home Equity Loan17.10%
Simple Mortgage60.90%
Debt Free6.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.1%