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Lakeville

Lakeville

$519,554 Average Value
$216 Average Price per Sq Ft
530 Homes For Sale

Lakeville blends suburban living with outdoor fun

Lakeville is a popular Twin Cities suburb in Dakota County that combines water access with a variety of home styles and prices, which attracts a wide range of buyers. Several parks surround Lake Marion, where residents can spend time fishing, boating or relaxing on a beach. Adding to the area’s appeal is a strong school district and easy commutes to Minneapolis via Interstate 35. The city’s downtown, filled with restaurants, breweries and businesses, is a source of pride.

Lakeville has a downtown hub.
Lakeville has a downtown hub.
Lakeville is a large suburb near Minneapolis.
Lakeville is a large suburb near Minneapolis.
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What homebuyers can pay for ramblers and New Traditional homes

Many of Lakeville’s ramblers, split-levels, traditional two-story houses and New Traditional homes were built after 1980, with subdivisions still being added. Prices for single-family homes generally range from the lower $200,000s for a small rambler to upwards of $2 million for a luxury estate. Townhomes can run from the lower $200,000s to more than $1 million. The community tends to be more expensive than many nearby communities, including Burnsville, Apple Valley and Farmington. “The real estate market is good, and values continue to increase,” says Michelle Hoagland, a Realtor with Keller Williams Preferred Realty. Dakota County property taxes are well below the Twin Cities metro average.

Ramblers line the streets near downtown Lakeville.
Ramblers line the streets near downtown Lakeville.
New Traditional homes are being built on the north side of Lakeville.
New Traditional homes are being built on the north side of Lakeville.
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Lakeville South High School serves the region.
Lakeville South High School serves the region.

Many students are zoned for Lakeville Area Schools

Students are primarily served by Lakeville Area Schools, a highly rated district. Lakeville North High School offers an engineering innovation career pathway with classes in manufacturing, welding and engineering design. Some students in the eastern half of the city fall under Rosemount-Apple Valley-Eagan Public Schools or Farmington Area Public Schools. Nearby private options include the highly rated Christian Heritage Academy.

You can spend a day by the lake or play a round of golf

Lakeville lives up to its name. During warmer months, visitors often head to the shores of Lake Marion, the city's largest lake, for fishing and boating. Antlers Park, at the lake’s eastern end, provides a swimming beach and a pier, as well as plenty of space for picnics. Juno Trail runs along the lake’s western edge, connecting joggers and bikers to several green spaces, including Casperson Park and its popular boat launch. Aronson Park is a community sports hub, and Steve Michaud Park stands out for its zip line. Horse owners can ride along equestrian trails at Ritter Farm Park, which also has a dog park. Crystal Lake Golf Club takes public tee times for its 18-hole course.

Lakeville residents can fish at Casperson Park.
Lakeville residents can fish at Casperson Park.
Lakeville residents can take strolls along the area's numerous walking paths.
Lakeville residents can take strolls along the area's numerous walking paths.
Catch some air at the Casperson Park bike course.
Catch some air at the Casperson Park bike course.
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Commuters can take Interstate 35 to get to Minneapolis.
Commuters can take Interstate 35 to get to Minneapolis.

An easy drive to downtown Minneapolis

Interstate 35 cuts through the western part of the city, providing a direct route into downtown Minneapolis, about 25 miles away. The commute can take 30 minutes to an hour, depending on traffic conditions. Residents often work downtown, though some have jobs at the city’s Amazon fulfillment center or in various business parks. Minneapolis-Saint Paul International Airport is about 20 miles away, or a 25- to 40-minute drive. Minnesota Valley Transit Authority buses can take riders to downtown Minneapolis and to nearby communities like Apple Valley.

Try craft beer, classic burgers and ice cream in Lakeville's downtown

The city’s dining district, which surrounds Holyoke Avenue between Upper 206th and 210th streets, ranges from casual brewpubs to chef-driven kitchens. “We’re pretty proud of our downtown area – not a lot of Twin City suburbs have a dedicated downtown,” says Justin Miller, the Lakeville city administrator. You can try places like:

  • Lakeville Brewing Company, a pet-friendly brewpub with lawn games
  • The Better Half, an upscale New American restaurant
  • Dairy Delite, an old-school ice cream stand with outdoor seating
  • B-52 Burgers and Brew, a casual spot for elevated bar food
  • Tapestry Coffee, a cafe that is popular for remote work
You can pick up clothing and essentials at Fleet Farm. At Burnsville Center in nearby Burnsville, people can shop at places like JCPenney and Dick’s Sporting Goods. From June through October, the Lakeville Farmers Market sets up downtown, with vendors selling fresh produce and baked goods, among other things.

The Better Half restaurants is a standout in downtown Lakeville.
The Better Half restaurants is a standout in downtown Lakeville.
B-52 Burgers & Brew is a popular spot.
B-52 Burgers & Brew is a popular spot.
Lakeville Brewing Company is part of downtown Lakeville.
Lakeville Brewing Company is part of downtown Lakeville.
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People gather for several festival each year

Residents come together for events throughout the year to celebrate artists, restaurants and the city itself. Some of the most popular ones include:

  • Panorama of Progress Festival, an extended summer celebration with more than 80 events, including a carnival
  • Live at the Lake, a free Wednesday evening concert series on Lake Marion
  • Lakeville Art Festival, a September weekend event that brings art exhibitions and food trucks
  • Taste of Lakeville, a food festival with samples from the city’s restaurants and breweries

The bandshell at Casperson Park hosts the Live at the Lake concert series.
The bandshell at Casperson Park hosts the Live at the Lake concert series.
The Panorama of Progress Festival includes carnival rides.
The Panorama of Progress Festival includes carnival rides.
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Ryan Kohn
Written By
Ryan Kohn
Brandon Rowell
Photography Contributed By
Brandon Rowell
Derek Fowler
Video By
Derek Fowler

Interested in learning more about homes in this area? Reach out to Joseph Clark, an experienced agent in this area.

Agents Specializing in Lakeville, MN

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Area Facts

Number of Homes
19,724
Number of Homes for Sale
530
Median Year Built
2000
Months of Supply
5.00
Average Single Family Home Size Sq Ft
2,763
Significantly above the national average
1,934
Average Townhouse Size Sq Ft
2,119
Average 2 Bedroom Size Sq Ft
2,057
Median Lot Size Sq Ft
13,068

Open Houses

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Lakeville Has More Owners

Rental Home Trends

Number of Homes for Rent
27
Median Rent
$2,770
Median Single Family Home Rent
$2,947
Median 4 Bedroom Single Family Home Rent
$2,999
Median Townhouse Rent
$2,373
Median 3 Bedroom Townhouse Rent
$2,400

Demographics

Total Population
76,330
Median Age
38
Population under 18
28.6%
On par with the national average
23.8%
Population over 65
13.2%
Below the national average
19.1%

Finances

Median Household Income
$121,702
Significantly above the national average
$79,597
Average Household Income
$144,648

Education and Workforce

High School Graduates
96.6%
College Graduates
48.8%
Above the national average
34.1%
Advanced Degrees
14.2%
% Population in Labor Force
81.4%
Above the national average
64.9%

Weather

Annual Precipitation
31''
Average Winter Low Temperature
8°F
Average Summer High Temperature
82°F
Annual Snowfall
55''

Area Factors

Moderately bikeable

Bikeability®

60 / 100

Somewhat walkable

Walkability®

30 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Lakeville