Market Overview
Home Prices in Lakeville, IN
The median home value in Lakeville, IN is $291,310 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lakeville are priced29% below average. Lakeville is part of the South Bend-Mishawaka, IN-MI metro area.
Over the past five years, Lakeville home values have risen by approximately42.2%, reflecting strong long-term appreciation in this market.
Price History
Lakeville Home Price Trend
City Comparison
Lakeville vs. National Median
At $291,310, homes in Lakeville cost 29% below the national median of $410,000. This makes Lakeville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lakeville?
20% Down Payment
$58,262
on $291,310
Monthly P&I
$1,519/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,929/mo
incl. taxes & insurance
Income Needed
$77,160
gross annual (30% rule)
10% Down Option
$29,131
+ PMI applies
Loan Amount (20% dn)
$233,048
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lakeville, IN?
The median home value in Lakeville is $291,310 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8% year-over-year.
How much have home prices changed in Lakeville?
Over the past year, home values in Lakeville have increased by 8%. Over five years, prices have risen approximately 42.2%.
How much do I need to earn to buy a home in Lakeville?
To comfortably afford the median home price of $291,310 with a 20% down payment ($58,262) at today's rates (6.8%), you'd need a gross annual income of approximately $77,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Lakeville compare to the national average home price?
The national median home value is approximately $410,000. At $291,310, homes in Lakeville are 29% below the national average.
What metro area is Lakeville part of?
Lakeville is part of the South Bend-Mishawaka, IN-MI metropolitan area. Home prices and market conditions can vary across the broader metro region.