The median home in Lakeville, Minnesota is valued at $475,672, up 0.7% year over year. Typical monthly rent is $1,917, producing a price-to-rent ratio of 20.7x — well above the national average of 18x. Lakeville is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Minneapolis-St. Paul-Bloomington, MN-WI stress score, crash risk, and 12-month forecast →

Home Value$475,672

+0.7%

Rent$1,917/mo

AFFORDABILITY

Enter your income for Lakeville.

Income (annual)

Down Payment

$95,134 on $475,672

Out of reach — 48% of income

Need $128,529/yr to afford.

PITI$2,999

P/I48%

Afford$278K

Gap-$198K

P&I $2,405Tax $444Ins $150

Renting $1,082/mo cheaper ($1,917 rent)6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Minnesota

Compare Lakeville with other housing markets across Minnesota.

Minnetonka Beach$2220K Woodland$1619K Greenwood$1602K Sunfish Lake$1156K Orono$1084K Medicine Lake$1082K Tonka Bay$1059K Deephaven$1018K

Full Minneapolis-St. Paul-Bloomington, MN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Minneapolis-St. Paul-Bloomington, MN-WI metro.

View Minneapolis-St. Paul-Bloomington, MN-WI metro →

LAKEVILLE, MN