Population 64,160 · Census ACS 2020–24
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Population and households in Lakeville
Household size in Lakeville
| Period | Lakeville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 3.03 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 3.02 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 2.91 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 2.93 | 2.58 | 2.52 | 2.65 |
| Change | −0.10 | −0.00 | +0.00 | −0.03 |
Households in Lakeville are large by national standards, averaging 2.93 people against 2.65 for the U.S. That usually means more families with children at home. Household size has dropped from 3.03 in 2006–10, a much bigger shift than nationally. Only 12 of the 188 Minnesota cities with 5,000+ people have larger households.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Lakeville
| Period | Lakeville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 34.1 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 36.0 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 37.8 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 37.6 | 39.2 | 40.0 | 40.1 |
| Change | +3.4 | +2.5 | +2.1 | +2.3 |
Lakeville is a little younger than the country as a whole: its median age is 37.6, against 40.1 nationally. The median age has climbed from 34.1 in 2006–10, mirroring the country. The youngest areas are in the center, the oldest in the southwest.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Lakeville
| Period | Lakeville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 8.5% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 9.1% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 8.5% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 8.0% | 9.8% | 9.6% | 11.6% |
| Change | −0.6 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single parents head only 8.0% of households in Lakeville, well below the national share of 11.6%. The single-parent share has edged down 0.6 points since 2006–10, mirroring the country.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Lakeville
Renters in Lakeville
| Period | Lakeville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 8.4% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 12.0% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 14.2% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 12.4% | 29.3% | 27.8% | 34.8% |
| Change | +4.0 pts | +2.0 pts | +2.0 pts | +1.5 pts |
Lakeville is overwhelmingly a place of homeowners: only 12.4% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. Just over one in five owners (20.8%) have paid off their mortgages, well below the national share of 39.8%. The renter share has risen 4.0 points since 2006–10, as it has nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Lakeville
| Period | Lakeville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.2% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 3.6% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 2.7% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 4.1% | 5.7% | 8.3% | 9.6% |
| Change | −1.1 pts | −1.3 pts | −0.9 pts | −1.8 pts |
Only 4.1% of homes in Lakeville are vacant, far below the national rate of 9.6%, which usually means strong demand for housing. Vacancy is down 1.1 points from 2006–10, in line with the national trend.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Lakeville
| Period | Lakeville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1994 | 1975 | 1973 | 1974 |
| 2010–14 | 1994 | 1976 | 1974 | 1975 |
| 2015–19 | 1997 | 1977 | 1975 | 1977 |
| 2020–24 | 2002 | 1980 | 1978 | 1980 |
| Change | +7 | +4 | +5 | +6 |
Lakeville has newer housing than the country as a whole: the median home was built in 2002, versus 1980 nationally. The median year built has moved up from 1994 in 2006–10, a sign of steady new building. Newer construction is concentrated in the east, while the northwest has the oldest housing. Only six of the 188 Minnesota cities with 5,000+ people have newer homes.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Lakeville
| Period | Lakeville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,192 | $1,007 | $882 | $965 |
| 2010–14 | $1,324 | $1,077 | $953 | $1,040 |
| 2015–19 | $1,504 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $2,020 | $1,603 | $1,404 | $1,571 |
| Change | +$827 | +$597 | +$522 | +$606 |
A typical rental in Lakeville costs $2,020 a month with utilities, well above the national median of $1,571. Rents are up $827 a month from 2006–10, a 69% jump, faster than rents rose nationally. The typical renter here spends 37.5% of household income on rent, well over the 30% mark often used to define affordable rent, so many renters here are stretched. Renters on a budget will find the lowest rents in the west; the highest are in the north.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Lakeville
Bachelor's degrees in Lakeville
| Period | Lakeville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 45.2% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 49.0% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 52.8% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 53.8% | 45.4% | 39.6% | 35.6% |
| Change | +8.6 pts | +8.1 pts | +7.4 pts | +7.2 pts |
Lakeville is highly educated: more than half of adults 25 and older (53.8%) hold at least a bachelor's degree, far above the national share of 35.6%. The share with a degree has risen 8.6 points since 2006–10, mirroring the country. College graduates are most concentrated in the center and least in the northwest.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Lakeville
| Period | Lakeville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 96.3% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 96.5% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 97.2% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 97.0% | 94.0% | 93.7% | 89.3% |
| Change | +0.7 pts | +1.6 pts | +2.3 pts | +4.3 pts |
Finishing high school is nearly universal in Lakeville: 97.0% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. The share with a diploma is up 0.7 points from 2006–10, a smaller shift than nationally. Lakeville has a higher share of high school graduates than the great majority of Minnesota cities.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Lakeville
| Period | Lakeville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 4.5% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 4.2% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 3.0% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 2.2% | 4.0% | 4.1% | 5.4% |
| Change | −2.3 pts | −2.7 pts | −2.4 pts | −2.7 pts |
The job market in Lakeville has been strong: just 2.2% of the labor force was out of work and looking, well below the national rate of 5.4%. Since 2006–10, unemployment has fallen 2.3 points, as it has nationally. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Lakeville compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Lakeville | 2.93 | 37.6 | 8.0% | 12.4% | 4.1% | 2002 | $2,020 | 53.8% | 97.0% | 2.2% |
| Farmington | 2.96 | 36.4 | 11.1% | 11.1% | 3.8% | 1995 | $1,650 | 40.0% | 94.3% | 2.8% |
| Apple Valley | 2.68 | 39.7 | 11.9% | 26.4% | 3.0% | 1990 | $1,734 | 45.7% | 93.5% | 3.2% |
| Burnsville | 2.55 | 38.0 | 10.6% | 35.3% | 3.8% | 1981 | $1,569 | 39.0% | 92.4% | 5.1% |
| Rosemount | 2.82 | 39.5 | 9.4% | 12.7% | 3.5% | 1995 | $1,669 | 48.8% | 97.0% | 3.0% |
| Savage | 2.83 | 39.4 | 8.1% | 14.1% | 2.6% | 1996 | $1,845 | 54.4% | 96.4% | 5.3% |
| Elko | 2.92 | 44.7 | 3.6% | 3.3% | 4.8% | 1983 | $1,821 | 40.7% | 98.6% | 3.0% |
| Prior Lake | 2.84 | 40.9 | 6.3% | 11.7% | 4.3% | 1996 | $1,878 | 50.8% | 97.0% | 1.6% |
| Elko New Market | 3.18 | 34.0 | 7.4% | 3.6% | 7.5% | 2004 | $2,196 | 42.4% | 95.5% | 0.2% |
| New Market | 2.93 | 39.1 | 5.5% | 7.1% | 8.3% | 1992 | $2,200 | 49.3% | 96.8% | 1.6% |
| Castle Rock | 2.77 | 42.1 | 8.0% | 6.7% | 4.6% | 1980 | $1,374 | 30.1% | 97.4% | 1.3% |
All figures 2020–24.
Cities with similar populations: Chesterfield, VA · Danville, CA · Rosemead, CA · Monroe, NC · Novi, MI · Ormond Beach, FL · Panama City, FL · Petersburg, VA · Piscataway, NJ · Pocatello, ID
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Lakeville. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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