Lakeville, Minnesota Population 2026
Updated April 2026 · US Census ACS 2023 5-Year Estimates
The population of Lakeville, Minnesota is 72,480 as of the 2023 American Community Survey, making it the 9th-largest city in Minnesota. The median household income is $138,119, the median home value is $425,200, and the median age is 36.9.
The population has grown 38.8% since 2010 (56,161 → 77,971).
72,480
Population
1963
People / sq mi
$138,119
Median Income
$425,200
Median Home Value
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Lakeville covers 36.9 sq mi of land at 1963 people per square mile.
About Lakeville, MN
Homeownership is the standout figure in Lakeville: 87.8% of homes are owner-occupied, higher than the national rate. With 72,480 residents, Lakeville is a city in Minnesota. That makes it one of the ten largest cities in Minnesota in the country, at #9 by population.
Income is a real outlier — the median household pulls in $138,119, putting Lakeville near the top of US cities. Poverty is among the lowest of comparable US cities, at 2.0% — below the national 12.4%. Median home value is $425,200, with typical rent around $1,727.
About 50.9% of adults 25 and older have a bachelor’s degree, above the 35.0% national figure. A solid 20.7% of workers are based at home, above the national 14.0%, and the average commute runs about 25 minutes each way.
The ownership rate anchors the housing story in Lakeville, and tends to move with the age structure and home-value figures above.
Lakeville city Population History (2010-2024)
The city of Lakeville city had a population of 56,161 in 2010 and 77,971 in 2024, a 38.8% growth over 14 years. The peak was 77,971 in 2024. Average annual growth rate: 2.37%.
77,971
Population (2024)
56,161
Population (2010)
77,971
Peak (2024)
2.37%
Avg Annual Growth
| Year | Population |
|---|---|
| 2010 | 56,161 |
| 2011 | 56,711 |
| 2012 | 57,471 |
| 2013 | 58,697 |
| 2014 | 59,976 |
| 2015 | 60,791 |
| 2016 | 61,997 |
| 2017 | 63,677 |
| 2018 | 65,778 |
| 2019 | 67,317 |
| 2020 | 70,030 |
| 2021 | 72,732 |
| 2022 | 74,615 |
| 2023 | 76,393 |
| 2024 | 77,971 |
Race & Ethnicity
| White | 80.8% |
| Black or African American | 4.3% |
| Asian | 0.0% |
| Hispanic or Latino (any race) | 1.2% |
| Two or More Races | 0.0% |
Economy & Income
$138,119
Median Household Income
$56,494
Per Capita Income
2.0%
Poverty Rate
1.8%
Unemployment Rate
Housing
$425,200
Median Home Value
$1,727
Median Rent
87.8%
Owner-Occupied
Education
97.1%
High School+
50.9%
Bachelor's+
Commute
2.0%
Drive Alone
68.5%
Public Transit
20.7%
Work From Home
24.6 min
Avg Commute
Community Profile
25.9%
Foreign Born
88.8%
Non-English at Home
5.5%
Veterans
7.5%
With Disability
97.7%
Health Insurance
97.3%
Internet Access
Employment by Industry
| Professional, Scientific & Management | 23.0% |
| Finance, Insurance & Real Estate | 12.3% |
| Information | 11.9% |
| Manufacturing | 10.0% |
| Education, Health Care & Social Services | 6.4% |
| Construction | 5.6% |
| Retail Trade | 5.3% |
| Public Administration | 3.9% |
| Arts, Entertainment & Food Services | 3.1% |
| Transportation & Warehousing | 2.5% |
| Agriculture & Mining | 0.2% |
Largest cities in Minnesota
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Metro areas in Minnesota
City rankings
Frequently Asked Questions
Lakeville, Minnesota has a population of 72,480 according to the US Census Bureau's 2023 American Community Survey 5-year estimates, making it the 9th-largest city in Minnesota.
The median household income in Lakeville, Minnesota is $138,119, with 2.0% of residents living below the federal poverty level.
The median home value in Lakeville, Minnesota is $425,200, with median monthly rent at $1,727 and a homeownership rate of 87.8%.
The median age in Lakeville, Minnesota is 36.9 years. The population is 51.2% male and 48.8% female.
The population has grown 38.8% since 2010 (56,161 → 77,971).
Lakeville city, MN Climate
Lakeville city, MN has an average annual temperature of 7°C (45°F) and receives about 774 mm of precipitation per year. The warmest month is July and the coldest is January. Figures are 1970–2000 climate normals.
7°C
Avg Temp
774
Precip (mm/yr)
Jul
Hottest Month
Jan
Coldest Month
| Month | Avg (°C/°F) | Precip |
|---|---|---|
| January | -11° / 12° | 24 mm |
| February | -7° / 19° | 19 mm |
| March | 0° / 31° | 48 mm |
| April | 8° / 46° | 64 mm |
| May | 15° / 59° | 90 mm |
| June | 20° / 68° | 106 mm |
| July | 22° / 72° | 105 mm |
| August | 21° / 70° | 105 mm |
| September | 16° / 61° | 79 mm |
| October | 9° / 49° | 58 mm |
| November | 0° / 32° | 50 mm |
| December | -8° / 18° | 26 mm |
1970–2000 normals from WorldClim 2.1 (~9 km grid). Precipitation can be less precise near mountains or coastlines, where rainfall varies sharply over short distances.
Best time to visit Lakeville city, MN
The most comfortable months to visit Lakeville city, MN are typically August, June and July, when temperatures are mildest and rainfall is relatively low. The hottest month is July (around 28°C high). The coldest is January (near -16°C low). June is usually the wettest month.
Where to stay near Lakeville
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Data from the American Community Survey (ACS) 5-Year estimates.
Source: U.S. Census Bureau ACS, 2026.