Home Affordability in 55044
Lakeville, MN — Dakota County
The median home price in ZIP code 55044 (Lakeville) is $425,000 with a median household income of $95,000. The price-to-income ratio is 4.5x.
Median Home Price
$425,000
Median Income
$95,000
Price-to-Income
4.5x
Est. Affordable Home
$369,000
Property Tax Rate
0.98%
Annual Property Tax
$4,165
Cost of Living
105
Metro Area
Minneapolis MSA
Down Payment Scenarios for ZIP 55044
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $12,750 | $412,250 | Yes |
| 5% | $21,250 | $403,750 | Yes |
| 10% | $42,500 | $382,500 | Yes |
| 20% | $85,000 | $340,000 | No |
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