Lakeville, MN Real Estate
According to census data in the year 2000 there were 13,799 housing units in Lakeville.
This represents a 70.3% growth from 8,105 in 1990.
Of those housing units, 13,391 were located in either urbanized areas or urban clusters, and 408 were located in what is classified as a rural area.
Homeownership rate in Lakeville is about 91.4%.
Lakeville's vacancy rate, including seasonal lodging, is about 1.4%.
Average household size is 3.17 people.
The majority of houses, apartments or condos in Lakeville were built after 1988.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 3.80% |
| Two Bedrooms | 12.70% |
| Three Bedrooms | 41.30% |
| Four Bedrooms | 33.90% |
| Five Bedrooms or more | 7.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.24 |
| Median year structure was built | 1989 |
| Median Value of occupied units | $170,400 |
| Median Price asked for vacant units | $213,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1984 |
| Median Monthly Rent asked for vacant units | $800 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 14.90% |
| Home Equity Loan | 17.10% |
| Simple Mortgage | 60.90% |
| Debt Free | 6.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.1% |
