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Median Home Price in Lakeville, MN

The median home value in Lakeville, MN is $493,681 as of 2026-06-30, up 0.9% from a year earlier.

Median Home Value

$493,681

Year-over-Year

+0.9%

Population

78,436

Lakeville ranks #13 of 112 Minnesota cities tracked here by median home value, and sits 38.1% above the state's city median of $357,406. It sits in Dakota County, where the county-wide median is $402,628.

Crime in Lakeville

Lakeville police recorded a violent crime rate of 76 per 100,000 residents in 2024 — lower than most cities that report to the FBI. Property crime runs at 571 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Lakeville

How much does a house cost in Lakeville, MN?

The median home value in Lakeville is $493,681. That's up 0.9% from a year earlier. That is about 38.1% above the typical county in Minnesota.

Is Lakeville expensive compared to the surrounding area?

Homes in Lakeville are more expensive than Dakota County as a whole, where the median is $402,628 — a difference of about 22.6%.

Is Lakeville a safe place to live?

Lakeville police reported 76 violent crimes per 100,000 residents, covering a population of about 78,436. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.