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.

Home Value$475,672

+0.7%

Rent$1,917/mo

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$95,134 on $475,672

Example: $75,000 household income. Change it above to see your own.

Out of reach48% 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$2.22M Woodland$1.62M Greenwood$1.6M Sunfish Lake$1.16M Orono$1.08M Medicine Lake$1.08M Tonka Bay$1.06M Deephaven$1.02M

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.

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Lakeville, MN