Lakeville
Lakeville city, Minnesota
Lakeville, Minnesota, is a true gem for those seeking a vibrant, family-focused community without the sticker shock of some other Twin Cities suburbs. With a population exceeding 70,000, this city offers a welcoming atmosphere, combining the charm of a smaller town with the amenities of a larger metropolitan area. While the median home value of $395,900 sits slightly above the national average, the exceptional quality of life and the strong sense of community more than justify the investment. Lakeville boasts a remarkably high median household income of $129,069, nearly double the national figure, reflecting the area's economic prosperity and the residents' financial stability.
From an investment perspective, Lakeville presents a compelling opportunity. The housing market is robust, driven by the area's excellent schools, abundant parks, and low crime rates, creating a highly desirable environment for families. This is a place where residents feel safe, with crime statistics consistently below the national average. Lakeville is a fantastic choice for families seeking a safe, friendly environment, and those who value a strong sense of community.
Lakeville, Minnesota at a Glance
Lakeville is a city in Lakeville city, Minnesota with a population of approximately 70,696. The median home value is $395,900 and the median household income is $129,069. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $850 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$395,900
Median Income
$129,069
Population
70,696
Walk Score
0
Air Quality
AQI 28
Good
Climate Risk
Relatively Moderate
Good
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- Population
- 70,696
- Median Age
- N/A
- Median Household Income
- $129,069
73% above nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 3.8%
69% below nat'l avg
- Median Home Value
- $395,900
40% above nat'l avg
- Median Rent
- $850
27% below nat'l avg
- Homeownership Rate
- 84.0%
27% above nat'l avg
- Affordability Index
- 171
71% above nat'l avg
- Violent Crime Rate
- 1.2 per 1K
67% below nat'l avg
- Property Crime Rate
- 5.7 per 1K
70% below nat'l avg
- AQI
- 28
33% below nat'l avg
- Category
- Good
- Overall Risk
- Relatively Moderate
- Risk Score
- 77.17
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 14.1¢/kWh
15% below nat'l avg
- Est. Monthly Electric
- $127
7% below nat'l avg
- Unemployment Rate
- 2.5%
32% below nat'l avg
- Poverty Rate
- 3.8%
69% below nat'l avg
Weather & Climate in Lakeville
Avg High
54°F
Avg Low
36°F
Annual Rainfall
"
Avg Humidity
NaN%
Political Landscape
→ Politically stable
Based on Benton County county-level presidential election data
Culture & Things to Do in Lakeville
Pan-O-Prog
A week-long festival with parades, fireworks, and community events.
Lakeville Farmers Market
A seasonal market offering fresh produce and local goods.
Lakeville Heritage Days
A celebration of Lakeville's history with demonstrations and activities.
Lakeville Art Festival
An annual art festival showcasing local artists and their work.
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