Zip Code

55044

City

Lakeville, MN

Population & Migration

What is the forecasted population for Zip code 55044 Lakeville, MN?

Population census 2020
55,722
Forecasted population 2025
64,922
16.5% vs. 2020
Forecasted population 2030
65,586
17.7% vs. 2020

Zip code 55044 Lakeville, MN population is forecasted to grow 16.5% by 2025 (11.8 points above the 4.7% national average).

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Housing and Affordability

With a forecasted population of 64,922 people for 2025 zip code 55044 Lakeville, MN will generate a good demand for housing, which is expected to have a deficit of 3,527 houses for 2030. Vacancy rate is 7.3 points below national US average.

Total homes available 2020
19,927
Estimated total home demand in 2030
23,454
Total homes balance inventory
3,527

Average Household Income in zip code 55044 Lakeville, MN
from Internal Revenue Service

Average household income in 2021
$150,594

% of HouseHolds making less than 50K

% of HouseHolds making between 50K and 75K

% of HouseHolds making between 75K and 100K

% of HouseHolds making between 100K and 200K

% of HouseHolds making more than 200K

16.9%

12.3%

13%

39.2%

18.7%

Affordability

Affordability Index
2

Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5

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Drinking water violations

How is the quality of drinking water in Zip code 55044 Lakeville, MN?

County total number of drinking water violations

47

-80%

232

County total number of drinking water contaminations

8

-64%

22

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