What percentage of people rent in Lakeville, MN?

Name: Renters and owners in Lakeville, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

12.2% (±1.4 points) of the occupied homes in Lakeville, MN are rented (2020–2024 American Community Survey).

That is 3,142 renting households against 22,543 that own their home.

In Lakeville, the share of households that rent went from 14.5% in 2015–2019 to 12.2% in 2020–2024 (−2.3 percentage points), a measurable decrease.

Figures last updated on November 12, 2026.

Households that rent: 12.2% (±1.4 points)
Renting households: 3,142 (±388)
Median renter income: $51,220 (±$13,098)

Who rents and who owns in Lakeville

Tenure, estimate (90% margin of error)
	Lakeville	Dakota County	Minnesota	United States
Renter-occupied share	12.2% (±1.4 points)	25.1% (±0.6 points)	27.8% (±0.2 points)	34.8%
Renting households	3,142 (±388)	43,687 (±1,026)	641,268 (±4,528)	45,017,354
Owning households	22,543 (±524)	130,675 (±1,057)	1,666,687 (±7,556)	84,210,142
Average renter household size	2.2 (±0.2)	2.1 (±0.0)	2.0 (±0.0)	2.3
Average owner household size	3.0 (±0.1)	2.7 (±0.0)	2.6 (±0.0)	2.6
Median renter household income	$51,220 (±$13,098)	$60,763 (±$2,526)	$51,080 (±$531)	$52,966
Median owner household income	$151,780 (±$6,641)	$125,301 (±$2,231)	$108,214 (±$476)	$100,009

In Lakeville, the renter share is lower than in Dakota County (25.1%).

It is also lower than in Minnesota (27.8%).

It is lower than the national figure (34.8%).

In Dakota County, Lakeville ranks 18 of 33 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 1059 of 2,628.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Lakeville has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	14.5% (±1.6 points)	12.2% (±1.4 points)	−2.3 percentage points	Measurable decrease
Median gross rent	$1,360 (±$122)	$1,806 (±$96)	+32.8%	No measurable change after inflation
Median household income	$110,212 (±$2,479)	$139,041 (±$6,972)	+26.2%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Lakeville

Nearest places with a published estimate, compared with Lakeville
Place	Distance	Households that rent	Compared with this place
Lakeville	—	12.2% (±1.4 points)	—
Farmington	4.2 mi	13.5% (±2.6 points)	Not measurably different
Credit River	5.4 mi	2.5% (±2.9 points)	Lower
Apple Valley	5.4 mi	26.6% (±1.6 points)	Higher
Burnsville	6.2 mi	35.3% (±1.9 points)	Higher
Eureka Township	6.7 mi	6.9% (±4.1 points)	Lower
New Market Township	7.6 mi	2.0% (±2.4 points)	Lower
Empire	7.8 mi	5.7% (±2.9 points)	Lower
Savage	8.0 mi	14.2% (±2.4 points)	Not measurably different

Nearby places with a measurably lower figure: Credit River, MN (2.5%), Eureka Township, MN (6.9%), New Market Township, MN (2.0%).

Nearby places with a measurably higher figure: Apple Valley, MN (26.6%), Burnsville, MN (35.3%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Dakota County, place by place

Rank	Place	Households that rent
12	Randolph	20.8% (±12.2 points)
13	New Trier	15.6% (±11.0 points)
14	Farmington	13.5% (±2.6 points)
15 (tie)	Rosemount	12.6% (±1.9 points)
15 (tie)	Greenvale Township	12.6% (±13.0 points)
17	Vermillion Township	12.5% (±7.2 points)
18	Lakeville	12.2% (±1.4 points)
19	Waterford Township	11.8% (±8.9 points)
20	Marshan Township	9.1% (±4.9 points)
21	Vermillion	8.6% (±6.6 points)
22	Eureka Township	6.9% (±4.1 points)
23	Sciota Township	6.4% (±6.8 points)
24	Hampton Township	6.3% (±4.5 points)

Showing 13 of 33 places in Dakota County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Lakeville

How many renters are there in Lakeville?

Lakeville has an estimated 3,142 (±388) renting households, 12.2% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Lakeville?

In Lakeville, the share of households that rent went from 14.5% in 2015–2019 to 12.2% in 2020–2024 (−2.3 percentage points), a measurable decrease.

How big are renting households in Lakeville?

A renting household in Lakeville has 2.2 people on average, against 3.0 in an owned home.

How much do renters earn in Lakeville?

The median renting household in Lakeville, MN has an income of $51,220 (±$13,098) a year, against $151,780 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lakeville city, Minnesota (place:35180, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.