LAKEVILLE
Downtown Commute: 25 miles, 30-45 min
Airport Commute: 20 miles, 22-35 min
New Developments 18 Communities
Tax Rate: 1.12-1.13%
Restaurants 35 rated 4.5+
A well-rounded south metro suburb with exceptional housing choice, outdoor amenities, and long-term growth.
Lakeville is one of the stronger all-around options in the south metro because it combines scale, stability, and continued growth better than many competing suburbs. It's a community of roughly 76,000 that has led the metro in single-family home permits since 2013, and it's a top choice for relocation buyers looking for space, modern living, and a strong overall suburban experience. In practice, that gives Lakeville a useful middle ground: it feels established enough to be dependable, but still active enough to offer meaningful new-home opportunity. A big part of Lakeville's appeal is the breadth of its housing environment. There's real depth for buyers comparing locations, floor plans, and neighborhood styles — not just one or two isolated pockets of construction. Communities like Brookshire show the kind of product mix that has helped Lakeville gain traction, with master-planned development, a blend of home types, scenic ponds and wetlands, and neighborhood amenities that make the city attractive to both move-up and relocation buyers. “One of the Twin Cities' strongest markets for new construction, with exceptional housing choice and steady long-term growth.” “More than 100 parks and 140 miles of trails make outdoor living part of everyday life.”
MARKET SNAPSHOT
Median Sales Prices: — Single Family: $549,900 — Townhomes: $374,900 — New Construction: $555,638
Price Per Square Foot: — Resale Homes: $190 — New Construction: $218
Month Supply of Inventory: 3.2
Brandon Doyle | brandon@doylerealestateteam.com | 612–702–7687
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