Lakeville

Population: 72,480
Median household income: $138,119
Median home value: $425,200

Lakeville, a community in Dakota County, Minnesota, has 72,480 residents. Its median household income of $138,119 runs above the Dakota County figure of $105,212.

Between 2019 and 2023, Lakeville's population grew 13.4% from 63,915 to 72,480, while its median home value rose 36.7% from $311,100 to $425,200.

72.9% of homes are single-family detached houses. The typical home was built around 1998.

Demographics

ACS 2019–2023

Population: 72,480
Median age: 36.9 yrs
Median household income: $138,119
Median home value: $425,200
Median gross rent: $1,727
Housing units: 25,576
Homeownership rate: 87.8%
Bachelor's degree or higher: 50.9%
Unemployment rate: 2.3%

Trends

ACS 5-year · 2019–2023

Population

63,91572,480

Median household income

$110,212$138,119

Median home value

$311,100$425,200

Median gross rent

$1,360$1,727

Year	Population	Median household income	Median home value	Median gross rent
2019	63,915	$110,212	$311,100	$1,360
2020	65,710	$112,020	$325,400	$1,464
2021	69,026	$119,970	$342,100	$1,604
2022	70,696	$129,069	$395,900	$1,623
2023	72,480	$138,119	$425,200	$1,727

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 57.5%

5 to 1720.1%

18 to 247.5%

25 to 3411.4%

35 to 4415.9%

45 to 5414.2%

55 to 6413.1%

65 to 746.4%

75 and over3.9%

	Count	Share
Under 5	5,454	7.5%
5 to 17	14,603	20.1%
18 to 24	5,412	7.5%
25 to 34	8,230	11.4%
35 to 44	11,527	15.9%
45 to 54	10,302	14.2%
55 to 64	9,469	13.1%
65 to 74	4,645	6.4%
75 and over	2,838	3.9%

Race & ethnicity

	Count	Share
White (non-Hispanic)	57,289	79.0%
Black or African American	3,073	4.2%
American Indian & Alaska Native	167	0.2%
Asian	4,117	5.7%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	469	0.6%
Two or more races	2,912	4.0%
Hispanic or Latino (any race)	4,453	6.1%

Educational attainment (age 25+)

No high school diploma2.9%

High school graduate15.7%

Some college or associate's30.5%

Bachelor's degree34.9%

Graduate or professional degree16.1%

	Count	Share
No high school diploma	1,364	2.9%
High school graduate	7,376	15.7%
Some college or associate's	14,321	30.5%
Bachelor's degree	16,393	34.9%
Graduate or professional degree	7,557	16.1%

Commute to work

Mean travel time to work: 25 min

Drove alone68.5%

Carpooled7.3%

Public transit2.0%

Walked0.7%

Bicycle0.1%

Worked from home20.7%

Other means0.7%

How workers get to work

	Count	Share
Drove alone	26,948	68.5%
Carpooled	2,871	7.3%
Public transit	783	2.0%
Walked	290	0.7%
Bicycle	51	0.1%
Worked from home	8,152	20.7%
Other means	262	0.7%

Travel time

	Count	Share
Under 15 min	7,233	23.2%
15 to 29 min	12,163	39.0%
30 to 44 min	8,254	26.5%
45 to 59 min	2,512	8.0%
60+ min	1,043	3.3%

Households

Average household size: 2.90
Poverty rate: 3.3% (2,379 of 71,906)

	Count	Share
Family households	19,778	79.2%
Nonfamily households	5,181	20.8%

Housing

Median year structure built: 1998

Occupancy

	Count	Share
Occupied	24,959	97.6%
Vacant	617	2.4%

Tenure (of occupied units)

	Count	Share
Owner-occupied	21,921	87.8%
Renter-occupied	3,038	12.2%

1-unit, detached72.9%

1-unit, attached15.7%

2 to 4 units1.4%

5 to 19 units1.6%

20 or more units5.2%

Mobile home & other3.2%

Units in structure

	Count	Share
1-unit, detached	18,641	72.9%
1-unit, attached	4,004	15.7%
2 to 4 units	365	1.4%
5 to 19 units	402	1.6%
20 or more units	1,340	5.2%
Mobile home & other	824	3.2%

Geography

Place GEOID: 2735180
Type (LSAD): 25
Land area: 37 sq mi
Water area: 1.76 sq mi
Center point: 44.6761, -93.2517