Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lakeville area can be challenging. Home prices in Lakeville are now at a median cost of $371,686, higher than the Minnesota average of $269,934.
The average cost of rent is $1,642/mo in Lakeville, primarily driven by the current value of real estate in the Lakeville area. While nearly 24.27% of residents own their homes outright in Lakeville, 12.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lakeville is $10,707 per month. Households that rent pay about 15.33% of their income on rent here. Lakeville's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Farmington, MN: less expensive homes
- Apple Valley, MN: less expensive homes
- Burnsville, MN: less expensive homes
- Rosemount, MN: less expensive homes
- Savage, MN: equally priced homes
- Elko, MN: higher priced homes
- Prior Lake, MN: equally priced homes
- Elko New Market, MN: equally priced homes
- New Market, MN: equally priced homes
- Castle Rock, MN: equally priced homes
Cities with Similar Populations
- Chesterfield, VA: less expensive homes
- Danville, CA: higher priced homes
- Rosemead, CA: higher priced homes
- Monroe, NC: less expensive homes
- Novi, MI: equally priced homes
- Ormond Beach, FL: less expensive homes
- Panama City, FL: less expensive homes
- Petersburg, VA: less expensive homes
- Piscataway, NJ: equally priced homes
- Pocatello, ID: less expensive homes
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