House Prices

House Prices & Home Values Lakeville, MN 2026


Average Data

average house price$811,162
average size per house2734 ft²
average price per ft²297 $ / ft²

04/04/2026 - The value range (VR) for house prices in Lakeville, MN is $375/ sqft to $375/ sqft. An average home with 2734 sqft costs approximately $1,025,250 to $1,025,250. Lakeville, MN includes 1 ZIP codes and it is located in Dakota county. The lowest prices are found in ZIP 55044, while the highest are in ZIP 55044. The average price per sqare feet is $297. Our analysis is based on 12 property listings.

Avergage prices by ZIP codes Lakeville

55044346 $ / ft²




Historical development of home values in Lakeville

Year Estimated value (USD) Change vs. 2025
2010 $376,718 -53.6%
2011 $362,151 -55.4%
2012 $361,176 -55.5%
2013 $374,675 -53.8%
2014 $393,306 -51.5%
2015 $413,492 -49.0%
2016 $435,071 -46.4%
2017 $458,553 -43.5%
2018 $483,904 -40.3%
2019 $506,342 -37.6%
2020 $532,518 -34.4%
2021 $605,681 -25.3%
2022 $706,089 -13.0%
2023 $744,603 -8.2%
2024 $787,679 -2.9%
2025 $811,162 0.0%

Graph: estimated home values in Lakeville over time (USD)



Example: 100% financing house in Lakeville

Loan amount: $811,162

Interest rate: 6.00%

Fixed monthly payment: $4,863.33

Breakdown in the 1st month:
Interest portion: $4,055.81  –  Principal portion: $807.52

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $48,398.75 $9,961.16 $801,200.84
2 $47,784.37 $10,575.55 $790,625.29
3 $47,132.09 $11,227.82 $779,397.46
4 $46,439.58 $11,920.33 $767,477.13
5 $45,704.36 $12,655.55 $754,821.58
6 $44,923.79 $13,436.12 $741,385.46
7 $44,095.08 $14,264.83 $727,120.64
8 $43,215.26 $15,144.65 $711,975.98
9 $42,281.17 $16,078.74 $695,897.24
10 $41,289.47 $17,070.44 $678,826.80
11 $40,236.60 $18,123.31 $660,703.49
12 $39,118.80 $19,241.12 $641,462.37
13 $37,932.05 $20,427.87 $621,034.51
14 $36,672.10 $21,687.81 $599,346.70
15 $35,334.44 $23,025.47 $576,321.23
16 $33,914.28 $24,445.63 $551,875.60
17 $32,406.53 $25,953.38 $525,922.22
18 $30,805.78 $27,554.13 $498,368.09
19 $29,106.30 $29,253.61 $469,114.48
20 $27,302.01 $31,057.91 $438,056.57
21 $25,386.42 $32,973.49 $405,083.08
22 $23,352.69 $35,007.22 $370,075.86
23 $21,193.52 $37,166.39 $332,909.46
24 $18,901.18 $39,458.73 $293,450.73
25 $16,467.45 $41,892.46 $251,558.27
26 $13,883.61 $44,476.30 $207,081.97
27 $11,140.41 $47,219.50 $159,862.47
28 $8,228.02 $50,131.89 $109,730.57
29 $5,135.99 $53,223.92 $56,506.65
30 $1,853.26 $56,506.65 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Lakeville, MN


1500 sqft3900 sqft
Ø selling price$539,056$1,146,717
Ø fast selling$490,051$1,032,046
Ø high price sale$588,060$1,261,389

In 2026, houses in Lakeville, MN will be offered at an average price of $297 per square foot. A 1,500 sqft home priced at $539,056 is 21.18% more expensive per square foot than a 3,900 sqft home priced at $1,146,717. Home prices in Lakeville, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $793,882. Sellers who can wait longer may achieve a higher price of up to $970,300.


Lakeville, MN Community Guide

Location and Lifestyle

Lakeville, MN is a fast-growing southern Twin Cities suburb known for its parks, lakes, and family-friendly neighborhoods.

Located along I-35, Lakeville offers quick commutes to Minneapolis and Saint Paul while maintaining a relaxed suburban feel.

This Dakota County city blends scenic natural spaces with a thriving local economy and a strong community spirit.

Outdoors and Things to Do

Outdoor lovers enjoy Lake Marion, Antlers Park, and Ritter Farm Park for boating, swimming, hiking, and winter recreation,
making Lakeville a four-season destination.

Lakeville?s extensive trail system connects neighborhoods to schools, playgrounds, and sports complexes like Ames Arena and King Park.

Signature events such as Pan-O-Prog and the Lakeville Art Festival bring residents and visitors together with parades, live music, and local vendors.

For arts and entertainment, the Lakeville Area Arts Center hosts performances, classes, and community exhibitions year-round.

Schools, Housing, and Business

Highly rated ISD 194 schools and numerous youth programs make Lakeville a top choice for families in Minnesota.

Homebuyers find a range of real estate options from new-construction neighborhoods to established lakeside homes, with convenient retail, dining, and craft breweries nearby.

Businesses benefit from a skilled workforce, accessible industrial parks, and a supportive city government focused on sustainable, balanced growth.



FAQ – Home Values in Lakeville

What is the median home value in Lakeville in 2026?

In 2026, the typical home value in Lakeville is about $811,162 for an average home size of 2734 square feet. This corresponds to an average price of roughly $297 per square foot.

What is the average cost per square foot in Lakeville?

In 2026, homes in Lakeville sell for an average of around $297 per square foot, with a typical range between $375 and $375 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Lakeville is about 2734 square feet, with an estimated 2026 value around $811,162.



Locations close to Lakeville, MN

Lindstrom, MN146 $ / ft²
Lonsdale, MN143 $ / ft²
Marine On Saint Croix, MN335 $ / ft²
Lakeland, MN141 $ / ft²
Lake Elmo, MN195 $ / ft²
Lake City, MN134 $ / ft²




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