Median price for residential apartments in Lakeville, MN as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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709 Lakeville, MN, USA apartments for sale
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Lakeville
According to statistics, the population in Lakeville, MN amounts to 61,056, which shows growth 2% compared to the previous year. The median age of the city’s residents is 36. The average household income is $102,943, shifting growth 4% from the past year, and the average property value in Lakeville, MN growth 6% to $276,500 throughout the year.
| Population | 61,056 |
| Median Age | 35.9 |
| Poverty Rate | 4% |
| Household Income | $102,943 |
| Number Of Employees | 35,111 |
| Median Property Value | $276,500 |
Household Income
The average household income in Lakeville, MN grew from $98,864 to $102,943 in the past year. This data is an estimate based upon 20,825 households in Lakeville, MN . The chart below presents how household income is distributed in Lakeville, MN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Lakeville, MN shifted from $260,400 to $276,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Lakeville, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Lakeville, MN properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Lakeville, MN compared to median property taxes around the country. The prevalent amount of property taxes in Lakeville, MN equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Lakeville, MN, USA
Average apartment sale in Lakeville: $530,585 (+0.1%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $256,525 | -37.5% |
| 2-bed apartments | $372,648 | -0.4% |
| 3-bed apartments | $452,080 | +0.6% |
| 4+ bed apartments | $604,254 | +0.8% |
During Jan 2023, the average price for an apartment in/near Lakeville, MN increased by 0.1% to $530,585.
Knowing the current property prices is key if you plan to buy a studio in Lakeville, MN. The average price for a studio has decreased since the last month, currently being $256,525. Asking price for 2-bed apartment also decreased by 0.4% and a place of this size will now cost you $372,648. A 3-bed apartment goes for $452,080, it increased by 0.6% lately. We discerned the rise of 4- and more bed apartment price. It increased by 0.8% and made it up to $604,254.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Townhouses for sale | $449,832 | -0.2% |
| Other for sale | $414,900 | +0% |
| Land for sale | $149,000 | -67.4% |
| Houses for sale | $561,618 | +1.4% |
| Condos for sale | $403,870 | -11.5% |
| Lofts for sale | $564,159 | +0% |
| Apartments for sale | $129,400 | +23.4% |
The average cost of an apartment in Lakeville, MN rised by 23.4% to $129,400. Price reports demonstrate that house price increased by 1.4% this month making it up to $561,618. Condos faced an upward trend these days. The median price for a condo decreased by 11.5%, it’s now available for $403,870. The price statistics of lofts have not significantly changed, it now still goes for $564,159. The property value of townhouses decreased by 0.2%, you’ll have to spend around $449,832 to get one. The average price of the land for sale in Lakeville, MN has decreased by 67.4%, and now equals $149,000. Other types of properties for sale would cost $414,900 on average. Our data shows that this amount has stayed roughly the same compared to Dec.
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