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Lakeville, MN

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US location · verified

Neighborhood intelligence

Your Lakeville relocation brief

Safety, noise, air quality, true cost, hazard, and commute intelligence for Lakeville.

Median rent

$1,806/mo

ACS 2024 5-year

Median household income

$139,041

ACS 2024 5-year

Median home value

$452,500

ACS 2024 5-year

Safety score

99/100

FBI CDE

Weather

55°F (H 62° / L 47°)

Open-Meteo

Buying in Lakeville? Check current mortgage rates early — before you fall in love with a ZIP.

Safety & Crime Index

99/100

FBI CDE

Exceptionally safe for families — 72% below average vs. national FBI data, 2023–2024

Excellent

Noise Level

41 dB — Quiet Suburb

Open-Meteo

Open-Meteo 16-day avg 55°F

Quiet — Low environmental index

Environmental / Air Quality

AQI 35 — Good

Open-Meteo

Low pollen & dust baseline · wind index 69 (100 = avg)

Good / Low Pollen

Neighborhood guide

Living in Lakeville MN

Lakeville offers above-average safety (99/100). Rent runs $1,806/month and median income sits at $139,041.

Lakeville has about 74,354 residents. Scores below are citywide. Your ZIP can land better or worse on rent and crime.

Is Lakeville MN Safe?

Lakeville MN scores 99/100 on safety (well above average). Crime is about 72% below the national average. Most neighborhoods are fine for evening walks; still check the block you actually rent.

Detail: overall crime index 28 (100 = avg); violent crime index 23; property crime index 33. Indexes near 100 track a typical U.S. load. Higher means more crime pressure on that category.

Schools in Lakeville MN

School quality varies by neighborhood in Lakeville. Check GreatSchools.org or your local district for current ratings before you choose a ZIP.

Cost of Living in Lakeville MN

Typical rent in Lakeville is about $1,806/month (on the high side). At $1,806/month for a typical unit, you need about $65,016+ in household income to rent comfortably without stretching (3× rent × 12). Typical home value: $452,500.

Median household income is $139,041, property taxes run about 1.45%, and homes typically sell in around 28 days. Local median income ($139,041) clears the $65,016 comfort line for that rent.

Walk Score 68 (Somewhat Walkable); transit score 42 (Some Transit).

Weather and Climate in Lakeville MN

Average temperature is about 55°F (highs near 62°F, lows near 47°F).

Cooler months cut into patio season; plan indoor hobbies for part of the year. Heating will show up on winter bills more than AC does in summer. If you visit, go in January. That is when the cold is honest.

Who Should Move to Lakeville MN?

Who tends to thrive in Lakeville: (1) Households that want quieter streets (safety sits at 99/100) (2) Dual-income households (at $1,806/month, the rent math works much better with two salaries) (3) Tech and finance workers (the job market is real and local pay near $139,041 helps carry housing costs) (4) People relocating for a job who can pick a safer ZIP (citywide safety is 99/100)

Who should look elsewhere: (1) Single earners under $70k (the rent-to-income ratio is tight at $1,806/month) (2) Anyone stretching past 40% of take-home on housing at $1,806/month (3) Households expecting top marks on rent and safety at once (Lakeville does not clear every bar)

Income sniff test: clear about $65,016 household income for $1,806/month rent. Under that, pick a cheaper ZIP or a different city.

Bottom Line

Lakeville holds up well on the core metrics we publish. Safety at 99/100 makes it a reasonable choice for households who can manage $1,806/month rent. Verify school ratings for your target ZIP separately.

Next steps

Tools for your move

Quotes and listings for Lakeville when you're ready to act.

Relocation deep-dive

Before you sign anything

True ownership costs, insurance hazards, and commute math for Lakeville.

True Cost Matrix

Property tax trajectories and climate-adjusted utility estimates

Monthly carrying cost

$3,091

Mortgage + tax + insurance + HOA

Annual property tax

$6,561

Annual est. $5,580

Est. monthly utilities

$795

Climate-adjusted electric, gas & water

Median home price

$452,500

ACS 2024 5-year

Home price trend

5-year median sale price

+11.2% · 5 yr
$407k
2022
$418k
2023
$429k
2024
$441k
2025
$453k
2026

Modeled from +14.2% cumulative appreciation · median sale price by year

Rent vs buy index

Estimated monthly cost comparison

Renting saves ~$1,285/mo vs buying
$1,806ACS 2024 5-year
Rent
$3,091
Buy

Mortgage

$2,288

Property tax

$547

Insurance

$162

HOA

$95

Buy estimate: 20% down, 30-yr fixed at 6.5% APR · taxes, insurance & HOA included

Property tax trajectory

Effective rate and estimated annual bill on median home

2023

1.33%

$6,004/yr

2024

1.37%

$6,184/yr

2025

1.41%

$6,370/yr

2026

1.45%

$6,561/yr

Buying in Lakeville? See current mortgage rates in minutes.

Disaster & Insurance Risk

Flood zone exposure and average insurance premium impacts

Flood zone

Zone X — minimal flood risk

moderate exposure

Wildfire hazard index

43 (100 = avg)

low exposure

Est. annual homeowners insurance

$1,939/yr

moderate exposure
Wind hazard index69 (100 = avg)
Tornado index—
Earthquake index—
Insurance trendTypical near-term temperature around 55°F

Flood and wind exposure can materially affect premiums — verify FEMA maps and carrier quotes before closing. Estimated annual homeowners insurance: $1,939.

Custom Commute Calculator

Work address, MPG, and toll footprint estimates

Work commute & expense calculator

Monthly gas and toll footprint from Lakeville to your workplace

One-way drive

~24 min

At ~30 mph average

Monthly fuel

$66

18.9 gal · 22 days

Monthly tolls

$0

Round-trip toll estimate

Monthly total

$66

Gas + tolls · 48 min/day

Annual footprint

$792

Commute-only estimate

✓ Data sourced from U.S. Census Bureau, HUD, FBI & Open-Meteo