Cost of Living in Lakeville
The biggest cost-of-living factor in Lakeville, Massachusetts is housing. The median home is priced around $796K, or about $394 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $4,128, plus roughly $686 per month in property taxes. Rates and down payment change this figure significantly.
Lakeville's FY2025 residential property tax rate is $10.35 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Lakeville.