Lakeville, MN · standard

ZIP Code 55044

Dakota County, Minnesota — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

47,218
284/sq mi
$141,551
Median income
$488,600
Median home value
53.9%
Bachelor's or higher

The verdict

Lakeville pairs a top-decile household income with upper-quartile home values, in a low-density, homeowner-dominated area.

Top 5%
household income, US ZIPs
Top 14%
home value, US ZIPs
284
people per sq mi
88%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55044 against every reporting US ZIP.

ZIP code 55044 is classified by USPS as a standard delivery area and covers roughly 166.1 square miles in Lakeville, Dakota County, Minnesota. The area is home to 47,218 residents, producing a population density of 284 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 55044 against Minnesota and the nation.

On the economic side, the median household income for ZIP 55044 sits at $141,551 (72% above the Minnesota average), while per-capita income is $60,343. The poverty rate stands at 3.0% and the unemployment rate at 2.2%. On housing, the median home value is $488,600 (91% above the state average) with median rent at $1,826 per month, and 88.0% of occupied units are owner-occupied, a direct signal of whether 55044 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 53.9% of adults hold a bachelor's degree or higher, the median age is 37.1, and the average commute is 24 minutes. We also surface 9 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Dakota County, so you can benchmark 55044 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →

Top industries in ZIP 55044

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 55044.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 55044, Lakeville, MN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.

Quick Facts

47,218

Population

166.1

Area (sq mi)

284

People / sq mi

Chicago

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 55044?

37.1

Median Age

51.2%

Male

48.8%

Female

9.9%

Foreign-Born

White 78.5%
African American 5.9%
Asian 6.5%
American Indian or Alaska Native 0.4%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 5.4%
Hispanic or Latino 6.1%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$141,551

Median Household Income

+72% vs state

$60,343

Per Capita Income

3.0%

Poverty Rate

2.2%

Unemployment Rate

23.6 min

Mean Commute Time

How ZIP 55044 ranks nationally

Household income vs. every US ZIP code

Median household income — the full national distribution, with this ZIP marked

$141,551 Top 5% higher than 95% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Below this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Below this entry. $140,000–$160,000: 686 US ZIPs (2%). This entry sits in this band. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau — ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 68.7%
Bachelor's Degree or Higher 53.9%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

23,079

Total Housing Units

22,460

Occupied Units

619

Vacant Units

2.88

Avg Household Size

Occupancy Type

Owner 88.0%
Renter 12.0%

$488,600

Median Home Value

+91% vs state

$1,826

Median Rent

2001

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+3.0%

YoY Change (2024)

201

HPI Index (2000 = 100)

+101%

Total Change Since 2000

Home values in ZIP 55044 have increased 3.0% over the past year (2024). Since 2000, this ZIP has seen +101% cumulative appreciation.

Year Annual Change HPI Index
2020 +2.6% 154
2021 +9.4% 169
2022 +12.7% 190
2023 +2.4% 195
2024 +3.0% 201

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 1,560 business establishments in ZIP 55044, employing approximately 20,619 people with a combined annual payroll of $1,211,089,000.

1,560

Businesses

20,619

Employees

$1.2B

Annual Payroll

17

Industry Sectors

Industry Establishments % of Total
Construction 209 13.4%
Professional, scientific, and technical services 197 12.6%
Health care and social assistance 164 10.5%
Retail trade 161 10.3%
Other services (except public administration) 128 8.2%
Real estate and rental and leasing 118 7.6%
Wholesale trade 101 6.5%
Finance and insurance 95 6.1%
Administrative and support and waste management and remediation services 91 5.8%
Accommodation and food services 87 5.6%
Manufacturing 66 4.2%
Transportation and warehousing 53 3.4%
Arts, entertainment, and recreation 26 1.7%
Educational services 25 1.6%
Information 24 1.5%
Management of companies and enterprises 7 0.5%
Agriculture, forestry, fishing and hunting 3 0.2%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 55044 vs 55306 →

ZIP 55044 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 55044 ranks #2 by population — useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 55044 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 55044 ranks #3 of 9 neighboring ZIPs — local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
55306 Burnsville, MN 15,935 6.2 mi
55337 Burnsville, MN 44,356 9.4 mi
55054 Elko New Market, MN 2,171 6.0 mi
55020 Elko New Market, MN 3,717 6.3 mi
55024 Farmington, MN 32,406 7.2 mi
55372 Prior Lake, MN 29,811 6.9 mi
55124 Saint Paul, MN 49,084 8.2 mi
55378 Savage, MN 26,958 9.0 mi
55088 Webster, MN 1,704 9.3 mi

More ZIP Codes in Dakota County

Frequently Asked Questions

What county is ZIP code 55044 in?
ZIP code 55044 (Lakeville) is located in Dakota County, Minnesota. Dakota County contains multiple ZIP codes, see the full list at /counties/dakota-mn.
What is the population of ZIP code 55044?
ZIP code 55044 in Lakeville, MN has a population of 47,218 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55044?
The median household income in ZIP 55044 is $141,551, which is 86% above the national average of $76,288.
What is the average home value in ZIP 55044?
The median home value in ZIP 55044 is $488,600, which is 76% above the national average of $278,155.
What is the demographic makeup of ZIP 55044?
The largest racial group in ZIP 55044 is White at 78.5%. Hispanic or Latino residents make up 6.1% of the population.
How many businesses are in ZIP code 55044?
ZIP code 55044 has 1,560 business establishments employing approximately 20,619 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55044?
The top industries by establishment count in ZIP 55044 are: Construction (209), Professional, scientific, and technical services (197), Health care and social assistance (164). There are 17 industry sectors represented in total.
How have home values changed in ZIP code 55044?
According to the FHFA House Price Index, home values in ZIP 55044 increased by 3.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 101%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 55044?
In ZIP code 55044, 68.7% of residents aged 25+ have a high school diploma or higher, and 53.9% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 55044?
The mean commute time for workers in ZIP code 55044 is 23.6 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 55044?
In ZIP code 55044, approximately 88.0% of occupied housing units are owner-occupied and 12.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55044?
The poverty rate in ZIP code 55044 is 3.0% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Lakeville, MN

Verify and explore additional data for this area using these official government sources.