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ZIP Code · MN

ZIP 55044

Pop. 64,762·Dakota County·14th most expensive ZIP in Minnesota
Median rent (all units)
$2,038/mo
Year-over-Year
+7.3%
Month-over-Month
+4.2%
vs US Median
+$73
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 55044 · $2,038
More expensive than 62% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,580
1 BR
$1,790
2 BR
$2,180
3 BR
$2,890
4 BR+
$3,230
Research median
$2,180/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$24,456/yr
At $2,038/mo median
Location
StateMN
CountyDakota County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.3% YoY, +4.2% MoM), not inventory.
Demographics

Who lives here

ZIP 55044 (Lakeville, MN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 53.9% of residents hold a bachelor's degree or higher.

Population
64,762
Median income
$141,551
Median age
37.1
Renters
12%
Age distribution
28.2%
18.1%
29.4%
12.9%
Under 1828.2%
18–3418.1%
35–5429.4%
55–6412.9%
65+11.4%
Gender
51.2%
48.8%
Male51.2%
Female48.8%
Race & ethnicity
78.5%
White78.5%
Black5.9%
Hispanic6.1%
Asian6.5%
Other3%
Education (25+)
14.8%
28.3%
53.9%
No HS diploma3.1%
HS diploma14.8%
Some college28.3%
Bachelor's+53.9%
Housing tenure
88%
Owner88%
Renter12%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 55044 in Lakeville, MN has changed in 5 years

Income
$124,899 → $141,551
up 13.3%
Population
59,141 → 64,762
up 9.5%
Renter share
12.1% → 12%
-0.1 pts
Bachelor's+
53% → 53.9%
+0.9 pts
Median age
36.2 → 37.1
+0.9 yrs

On the earnings side, the typical household in ZIP 55044 in Lakeville, MN now reports about $141,551, up from $124,899 in 2021. The population has grown by 9.5% since 2021, moving from about 59,141 residents to roughly 64,762.

Community

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Local insights

Tips for renters in ZIP 55044

About renting in ZIP 55044

Last updated: July 20, 2026

ZIP code 55044 covers Lakeville, MN. The median rent here is $2,038/mo as of July 2026. A 1-bedroom rents for a median of $1,790/mo. A 2-bedroom rents for a median of $2,180/mo.

At 17% of local median household income ($141,551/yr), ZIP 55044 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55044?

As of July 20, 2026, the median monthly rent in ZIP 55044 (Lakeville, MN) is $2,038. This is based on aggregated data from public sources and community submissions.

How does ZIP 55044 rent compare to the US average?

ZIP 55044's median rent of $2,038/mo is $73 (4%) above the US national median of $1,965/mo.

How does ZIP 55044 compare to other ZIPs in Minnesota?

ZIP 55044 is one of the pricier ZIP codes in Minnesota, ranking #14 out of 123 ZIPs tracked at $2,038/mo.

How much income do you need to rent in ZIP 55044?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (~$39/hour full-time) to afford the median rent of $2,038/mo in ZIP 55044. The local median household income is $141,551/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55044?

Rent in ZIP 55044 has increased 7.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 55044 an affordable place to rent?

ZIP 55044 is considered very affordable for renters. At $2,038/mo, rent takes approximately 17% of the local median household income ($141,551/yr). The standard benchmark is 30%. ZIP 55044 falls comfortably within that range.

What percentage of ZIP 55044 residents rent vs. own?

According to Census data, approximately 12% of ZIP 55044 households are renters, while 88% are owner-occupied. ZIP 55044 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55044 compare to the rest of Lakeville?

ZIP 55044 is pricier than Lakeville as a whole. At $2,038/mo, it's $9 above the Lakeville citywide median of $2,029/mo.

When was rent data for ZIP 55044 last updated?

Rent data for ZIP 55044 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
17%
VERY AFFORDABLE

At $2,038/mo, rent takes ~17% of ZIP 55044's median household income ($141,551/yr). The standard benchmark is 30%.

ZIP 55044 17%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55044 (Lakeville, MN)

Recent submissions

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