Zip 55044 (Lakeville, MN) Housing

The median value of housing in 55044 Lakeville, MN is $466,000, which is higher than the US median value of $338,100. Additionally, the 1 year house appreciation rate in Lakeville is 6.66%, which is lower than the US's 1 year house appreciation rate of 8.27%. Thus, it appears that despite Lakeville having a higher median home value than the US average, it has not appreciated as quickly over the past year as compared to the national average.

The median home cost in Lakeville (zip 55044) is $466,000. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Lakeville (zip 55044) is up 12.2%.

Average Age of Homes

- The median age of Lakeville (zip 55044) real estate is 21 years old

The Rental Market in Lakeville (zip 55044)

- Renters make up 11.9% of the Lakeville (zip 55044) population
- 0.7% of houses and apartments in Lakeville (zip 55044), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lakeville, Minnesota	United States
	20,778.0	139,647,020.0
	24	42
	$466,000	$338,100
	12.2%	16.6%
	47.9%	57.0%
	94.0%	101.1%
	$11.01	$10.98
	$4,104	$2,690
	85.4%	57.4%
	2.9%	11.2%
	11.7%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	0.1%	0.7%
	1.1%	0.4%
	0.9%	3.6%
	0.1%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.3%	2.4%
	0.6%	2.8%
	0.0%	3.9%
	0.4%	4.5%
	2.5%	11.3%
	3.6%	13.0%
	18.4%	20.1%
	31.9%	13.6%
	23.6%	8.3%
	14.7%	9.7%
	2.3%	3.9%
	0.6%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	1.5%	0.2%
	24.2%	13.6%
	24.2%	13.6%
	26.0%	13.6%
	17.4%	13.2%
	7.1%	14.8%
	26.0%	13.6%
	1.8%	10.0%
	1.4%	4.7%
	1.7%	12.2%

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