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Lakeville’s market trend is like most Twin City suburban communities which it is currently is in a buyers market. Interest rates are currently experiencing slight downward pressure.

Location Characteristics: Lakeville is located in the southeast corner of the Twin Cities metropolitan area, within Dakota County. The community offers a well-balanced atmosphere of planned development and managed growth, coupled with a respect for rural history and an appreciation of the city’s beautiful environment. At one time Lakeville was a rural community that serviced surrounding agricultural activities. In recent years, it’sconvenient access to the metropolitan area has stimulated both residential and commercial growth. Located at the edge between urban and rural service areas, Lakeville proudly maintains a historic downtown neighborhood and other mature residential areas. The community realizes that growth is inevitable and has focused on planning for development that retains the community’s unique atmosphere.