Housing in Lakeville, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$491,000
Median List Price
$535,235
Price Per Sq Ft
$192
Days on Market
87
Active Inventory
204
Months of Supply
4.0
Balanced market
Zillow Home Value
$475,672
ZHVI — January 2026
Zillow Rent Index
$1,917
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
33.3%
Off Market in 2 Weeks
25.7%
Sale-to-List Ratio
99.2%
Buyer's market
Market Activity
Source: RedfinHomes Sold
51
New Listings
83
Pending Sales
70
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$192
Median List $/SF
$209
Lakeville vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Lakeville is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$425,200
Median Rent
$1,727
Total Housing Units
25,576
Vacancy Rate
2.4%
Owner Occupied
87.8%
Renter Occupied
12.2%
Median Property Tax
$4,313
per year
Monthly Cost (w/ Mortgage)
$2,036
Housing Types
The current median sale price in Lakeville, MN is $491,000 according to Redfin data. Homes spend a median of 87 days on the market. 33.3% of homes sold above asking price. The market has 4.0 months of supply. The median price per square foot is $192. Zillow's observed rent index is $1,917/month. About 87.8% of housing units are owner-occupied. The median year homes were built is 1998. There are 25,576 total housing units.