Lakeville, MA—02347
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lakeville, MA
As of Oct '25, the median home price in Lakeville, MA is $612,000, with a year-over-year change of 1.6%. This indicates that home prices in Lakeville, MA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $612,000 | 1.6% |
| Single Family | $630,000 | 1.8% |
| Condos | $521,000 | 3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $378,000 | -1.3% |
2 Bed | $473,000 | 0.2% |
3 Bed | $611,000 | 1.7% |
4 Bed | $767,000 | 1.7% |
| 5 Bed | $891,000 | 2.2% |
% of Housing Stock
Rental Trends — Lakeville, MA
As of July '25, Rentcast reports the average rent in Lakeville, MA is $3,430, with a year-over-year rent change of 11.4%. Per bedroom, the median rent as of July '25 in Lakeville, MA is 1-bedrooms: $2,100, 3-bedrooms: $4,100. The most common rental property sizes in Lakeville, MA are 2-bedroom and 3-bedroom, accounting for 51.2% and 22.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,100 | $2,100 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,200 | $4,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lakeville, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakeville, MA is 42. This is a decrease of -34.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $750,000 | 6.0% |
Listing Count | 25 | -11.0% |
| Listings as % of Homes | 0.8% | -11.0% |
Days on Market | 42 | -34.0% |
Demographics — Lakeville, MA
As of the latest ACS Survey released in 2023, Lakeville, MA has a population of 11,700, which has increased by 3.5% over the past 5 years. Lakeville, MA is a moderately popular place for families, as children make up 20.0% of the population. The area has a moderately educated workforce, with 39.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,700 | 3.5% |
% Under 18 | 20.0% | -5.2% |
% Seniors | 15.9% | 6.7% |
% WFH | 13.2% | 277.1% |
% w/ College Degree | 39.0% | 1.8% |
As of the latest ACS Survey released in 2023, Lakeville, MA is a predominantly white area, with 93.5% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Lakeville, MA is asian, making up 1.6% of the population. Foreign-born residents account for 4.3% of the population in Lakeville, MA, and this percentage has increased by 19.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.5% | -0.7% |
% Black | 1.2% | 200.0% |
% Hispanic | 1.3% | -45.8% |
% Asian | 1.6% | 128.6% |
% Foreign Born | 4.3% | 19.4% |
Mortgage and Risk — Lakeville, MA
According to HUD data as of 2023, there were 273 mortgage originations in Lakeville, MA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Lakeville, MA. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 273 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lakeville, MA
Lakeville, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 71 |
Total Units Section 8 | 71 |
% Rentals under Section 8 | 9.8% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $2,100 | $1,800 |
| 2 Bedroom | N/A | N/A | $2,350 |
| 3 Bedroom | -$220 | $3,200 | $2,980 |
| 4 Bedroom | N/A | N/A | $3,220 |
Affordability — Lakeville, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $612,000 |
| Median Household Income | $126,000 |