Lakeville has been one of the fastest-growing cities in Minnesota for two decades, and that growth has produced a large population of homeowners who bought in 2005-2015 and now sit on strong equity in homes that hold their value. It's a two-sided market for Brian, active move-up families on one side, empty-nesters and early retirees on the other.
The Lakeville housing market
Median home values in Lakeville run in the mid-$500s, with executive homes and lake-adjacent properties climbing significantly higher. Dakota County property taxes are typically lower than Hennepin for comparable homes.
Reverse mortgages in Lakeville
Lakeville homeowners approaching or in retirement often use HECM for Purchase to move down into a single-level home in Lakeville itself, or a nearby 55+ community, without a monthly mortgage payment.
Neighborhoods
- Cedar Highlands
- Kenwood Trail
- Spirit of Brandtjen Farm
- Fairfield Business Campus area
- Airlake
Loan options for Lakeville
- Conventional & Jumbo
- Jumbo Purchase
- Reverse Mortgage (HECM)
- Jumbo Reverse
- HECM for Purchase
- VA & FHA
- Refinance
Attractions & landmarks
- Lake Marion
- Antlers Park
- Ritter Farm Park
- Downtown Lakeville
- Steve Michaud Park
Schools
Lakeville Area Schools (ISD 194) is consistently one of the highest-performing districts in Minnesota and a primary anchor for home values.