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Lakeville, MN · market profile

Lakeville, MN

Lakeville, MN is one of the largest US markets, with 72,480 residents and a median household income of $138K. At the 97th percentile of US cities by population, the local services economy here is wide and deep — every vertical we track has 100+ active operators, and the long tail of single-truck contractors is several hundred deep. Agencies prospecting Lakeville are working a market where competition is real but discovery is rich.

35
of 100
Thin market
Population
72,480
Median HHI
$138,119
Median Home Value
$425,200
Homeownership
86%
Median Home Age
1998
Businesses Profiled
9

How Lakeville's demographics shape the local-services market

Median household income in Lakeville is $138K — 84% above the US median of $75K. That spending power matters for prospecting: higher-income households convert faster on premium-tier services and absorb price increases without the back-and-forth typical of budget markets.

The median home in Lakeville is worth $425K, 33% above the US median of $320K and at the 79th percentile nationally. Home value is the single best proxy for trades job-ticket size: a re-roof, repipe, or panel upgrade scales with property value almost linearly. Agencies pitching trades clients in this market should expect higher per-job revenue and lower job count to support the same monthly retainer.

86% of Lakeville households own their home, against a US median of 65%. Owner-occupied housing is the load-bearing variable for residential trades demand: owners commission repair and upgrade work; renters refer to landlords. A high ownership rate means the buying decisions actually live in the local market, which makes door-to-door, postcard, and geo-targeted digital strategies materially more effective.

The median home in Lakeville was built in 1998 — 18 years newer than the US baseline. Newer housing skews demand toward upgrade and remodeling work rather than emergency repair. The vertical mix changes accordingly: kitchen and bath remodelers, smart-home installers, and outdoor-living contractors absorb a larger share of the local trades wallet than they would in an older market.

With 72,480 residents, Lakeville ranks at the 97th percentile of US cities by population. Large metros reward narrow books of business — a single-vertical, single-metro agency can fill a calendar without ever crossing category lines. The tradeoff is crowded messaging; a sharp differentiator beats a broad promise in every pitch motion.

Median Household Income
Lakeville
$138,119
US median
$75,000
Median Home Value
Lakeville
$425,200
US median
$320,000
Homeownership
Lakeville
86%
US median
65%
Self-Employed shareData pending
Lakeville
US median
6.0%

Top verticals by opportunity in Lakeville

Every vertical we've profiled in Lakeville, ranked by count and median vulnerability score. Use this as the starting point for an outbound list.

VerticalBusinessesMedian scoreAction
Plumbing Contractor7Info: 11View leads
HVAC Contractor2Info: 12View leads

How we measure opportunity

Demographic intelligence

Public-sector demographic data

Population, household income, home value, homeownership rate, median year structure built and self-employment density come from authoritative public demographic releases. Refreshed annually.

Business signals

Live business records

Business names, addresses, ratings, review counts, websites, phone numbers and operating status come from live business records. Each profiled business is re-checked regularly so stale data drifts off the page.

Scoring weights

Composite vulnerability score

We blend 19 signals (review velocity, star rating, website presence and freshness, ad pixels, hiring activity, competitor density and visual brand, plus eleven more) into a 0–100 score. Higher means more likely to engage with marketing services.

Frequently asked

How many local businesses does LocalVein track in Lakeville, MN?
LocalVein currently indexes 9 businesses in Lakeville, MN, spread across the 21 verticals we cover. Records cycle off on a rolling 14-day refresh, so closures and rebrands roll out of the index without manual curation. Refreshed April 2026.
Which vertical has the most prospects in Lakeville?
plumbing contractors leads with 7 active operators in our index. For Lakeville, this is the vertical with the deepest operator bench, which is why it reliably produces the fastest time-to-first-meeting for agencies prospecting here.
What does Lakeville's Market Opportunity Score mean?
Lakeville scores 34.78/100 on LocalVein's Market Opportunity Score. The score blends median home value ($425K), homeownership rate, median home age, and population density into a single 0–100 number. Think of it as a shortlist heuristic: higher scores earn a drill-down into vertical-level stats, lower scores stay benched unless a client targets the geography specifically.
How often is Lakeville data refreshed?
Demographic data refreshes annually. Business data (names, ratings, websites, phone numbers) is re-checked on a regular cycle for any business that's been touched by a user scan. The most recent refresh on Lakeville's demographic row was April 2026.
Can I export Lakeville prospects to GoHighLevel, HubSpot, or Instantly?
Yes — every paid plan exports CSVs pre-formatted for GoHighLevel, HubSpot, and Instantly, plus a generic format for any other CRM. For Lakeville, expect 9 businesses available across all verticals once you scan a vertical for the first time. $138K median household income and 72,480 residents make it a market where most agency outreach scenarios fit.
What you see vs. what you get

The rest of businesses in Lakeville is behind a free signup.

Public view (this page)
  • 5 sample businesses
  • Phones masked (last 2 digits)
  • No phone line-type classification
  • No CSV export
  • No vulnerability ranking on the full list
Free plan (a free scan)
  • all 9 businesses
  • Full phone numbers
  • Ranked by vulnerability score
  • Demographic intelligence per market
  • Generic CSV export (CRM-ready)
Ready to prospect?

Start scanning Lakeville — free

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