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Lakeville city, MN

ZIP Code 55044 — Lakeville city, MN Demographics & Data

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Map, Quick Facts & Location

Quick Facts

Local time
Population
63,280
Median Income
$140,612
+87% vs US avg
Home Value
$464,500
+33% vs US avg
Median Rent
$1,586
+36% vs US avg
Median Age
37.3 yrs
-4% vs US avg
Area Code
Congress
Top Ancestry
GermanNorwegianIrish
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Location
Coordinates
44.6421, -93.2764
Elevation
980 ft
Land Area
64.2 sq mi
Water Area
1.9 sq mi (3% water)

At a glance

Population
63,280
Density
N/A
Median income
$140,612
+87% vs US avg
Home value
$464,500
+33% vs US avg
Median rent
$1,586
+36% vs US avg
Timezone

Overview of ZIP Code 55044

Tech hubTech / corporate campus area
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Sunrise, sunset & moon

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What to know about ZIP 55044

ZIP code 55044 covers Lakeville, MN in Dakota County with a population of about 63,280.

At a glance, the area shows median age of 37.3 versus a U.S. median of about 38.9.

It sits in telephone area code 952; U.S. House district MN-2; the MINNEAPOLIS - ST. PAUL media market.

Local search focus: Tech hub

Lakeville, MN aligns with a tech / corporate-campus profile (high remote-work / education / income profile or known campus context). Broadband quality, remote-work share, and nearby employer campuses often matter as much as classic residential stats.

Income and economy in Lakeville, MN

Median household income in ZIP 55044 is about $140,612 — about 87% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 3.1%; unemployment rate near 2.5%; 54.3% of adults with a bachelor’s degree or higher (about 20.6 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Retail trade, and Professional services; about 22.2% of workers reporting work-from-home (about 7.0 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Housing and affordability in ZIP 55044

Median home value is about $464,500 — about 33% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,586 (about 36% above the U.S. median rent ($1,163)), and owner-occupancy near 87.8% (about 22.3 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 55044 in Lakeville, MN, a household would need roughly $128,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,984. That is roughly in line with the local median household income ($140,612). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Climate risk and migration signals

FEMA’s National Risk Index rates natural-hazard risk for Lakeville city, MN as Relatively Moderate (composite score 89.5), which is elevated versus much of the country. The strongest component scores on US5 are flood (88.7) and wildfire (39.6). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Lakeville city, MN show little to no average snow and around 32.3 inches of annual precipitation.

IRS migration statistics show a net inflow of about 4,492 for ZIP 55044 (Lakeville city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Nearby (from this ZIP)

Airport MSP (16.7 miles (26.8 km)) · Bethany Global University (11.6 miles (18.6 km)) · Mississippi National River & Recreation Area (22.5 miles (36.2 km)) · VA: Fort Snelling National Cemetery (15.6 miles (25.1 km))

Full lists and map pins are in the Infrastructure section below.