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% |
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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).
Where to stay in Lakeville
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Data from the American Community Survey (ACS) 5-Year estimates.
Source: U.S. Census Bureau ACS, 2026.