Lakeville, MA 02347 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lakeville, MA—02347

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$609,000

1.8% YoY Growth

Household Income

$126,000

18.2% YoY Growth

Days on Market

28.0% Shorter YoY

Home Price Forecast

1.9%

Median Rent

$3,200

11.4% YoY Growth

1-Bed Rent

$2,100

N/A

2-Bed Rent

N/A

3-Bed Rent

$3,200

0.0% YoY Growth

Home Price Trends — Lakeville, MA

As of Dec '25, the median home price in Lakeville, MA is $609,000, with a year-over-year change of 1.8%. This indicates that home prices in Lakeville, MA are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$609,000	1.8%
Single Family	$627,000	2.1%
Condos	$515,000	3.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

1.0%

1 Bedroom

21.6%

2 Bedrooms

51.2%

3 Bedrooms

22.3%

4 Bedrooms

3.9%

Property Listings — Lakeville, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Lakeville, MA is 51. This is a decrease of -31.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$542,000	-10.0%
Listing Count	16	-30.0%
Listings as % of Homes	0.8%	-30.0%
Days on Market	48	-28.0%

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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%

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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%

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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%

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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

Lakeville, MA—02347

Key Metrics at a Glance

Home Price Trends — Lakeville, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lakeville, MA

% of Rental Stock

Property Listings — Lakeville, MA

Demographics — Lakeville, MA

Race and Ethnicity

Mortgage and Risk — Lakeville, MA

Mortgages

Rentals and Section 8 — Lakeville, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Lakeville, MA

Home Price to Income Ratio

Lakeville, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Taunton, MA

Freetown, MA

Middleborough, MA

Freetown, MA

Berkley, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.2
Median Home Price	$609,000
Median Household Income	$126,000

Lakeville, MA—02347

Key Metrics at a Glance

Home Price Trends — Lakeville, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lakeville, MA

% of Rental Stock

Property Listings — Lakeville, MA

Demographics — Lakeville, MA

Race and Ethnicity

Mortgage and Risk — Lakeville, MA

Mortgages

Rentals and Section 8 — Lakeville, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Lakeville, MA

Home Price to Income Ratio

Lakeville, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Taunton, MA

Freetown, MA

Middleborough, MA

Freetown, MA

Berkley, MA

Frequently Asked Questions

What is the average home price in Lakeville, MA 02347?

How have home prices in Lakeville, MA 02347 changed over the past year?

What is the home price projection for Lakeville, MA 02347?

What are the demographics of Lakeville, MA 02347?

How long does it take homes to sell in Lakeville, MA 02347?

What is the average rent price in Lakeville, MA 02347?