Driving Tour Of Minneapolis' Fastest Growing Suburb: Lakeville

Jason Huerkamp · Living in MinneapolisApril 7, 202641:50877 views

About this video

In this video, we explore Lakeville, Minnesota from the inside out — the lakes, the neighborhoods, the parks, the restaurants, and the booming new construction that's making this city one of the most sought-after places to live in the south metro. Here's what we cover:

Orchard Lake & Lake Marian neighborhoods + lakefront home prices Ritter Farm Park, Murphy-Hanrehan Park Reserve & Antlers Park The new downtown corridor along County Road 50 Air Lake Industrial Park (why it keeps your property taxes low) New construction hotspots along Cedar Avenue Restaurants, schools, golf, trails & more

Lakeville went from 60,000 residents in 2020 to 70,000+ today — with projections hitting over 80,000 by 2030. This city isn't slowing down.

Key takeaways

A February driving tour of Lakeville, Jason's hometown and Minnesota's fastest-growing city: about 60,000 people in 2020, about 70,000 in 2025 and a projected 80,000 by 2030. With so much land, some forecasts have it eventually becoming the state's largest city.
Three main lakes. Orchard Lake has one road all the way around, homes from the mid-1950s to mid-1980s, few sales a year (roughly $800,000 to $1.5 million) and good muskie fishing. Lake Marion is the busiest, with the longest lakeside trail; its homes mostly sell for about $1.5 million to $2 million, with a record near $4 million. Crystal Lake is the third.
Parks: Ritter Farm Park on Lake Marion (trails, a dog park, an archery range, apple picking), Antlers Park (likely the best beach in town), Casperson Park, and Murphy-Hanrehan Park Reserve to the west.
Airlake Industrial Park (with an airport and active rail) adds a big commercial tax base that helps keep residential property taxes lower, according to Jason. The city also owns all the liquor stores in town.
Historic downtown has been revived, with restaurants, the Lakeville Area Arts Center in a former church and Pan-O-Prog each summer. Big-box retail arrived only in about the last 15 years.
The median sale price was about $580,000 at the time, from the low $300,000s for homes needing work to multimillion-dollar lake homes. The most new construction is within about a half mile of Cedar Avenue, and anywhere in Lakeville is about 15 to 25 minutes from MSP Airport.

Questions this video answers

What lakes are in Lakeville?

The three main lakes are Lake Marion (the largest and busiest), Orchard Lake and Crystal Lake. All three have public beaches and boat launches.

Why are Lakeville property taxes lower?

Jason credits Airlake Industrial Park: its warehouses, manufacturing and rail-served businesses generate commercial tax revenue that eases the residential share.

How far is Lakeville from the airport?

About 15 to 20 minutes from north Lakeville and up to about 25 minutes from anywhere in the city, according to the video.

Notes written by Huerkamp Home Group from this video. Figures are as stated in the video on April 7, 2026; check the current numbers in our market reports.