Lakeville, MA

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Lakeville short-term rental market based on reliable data.

Listings

7 / 17

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$27,097

Middle-Earners Revenue

Occupancy

71%

Middle-Earners Occupancy

Home Value

$641,597

Median Home Sale Price

Top Earners

$59,466

Top-Earners Revenue

Lakeville

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Lakeville.

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C

Challenging to Investors

Lakeville Regulations

Lakeville treats STRs as commercial lodging, prohibiting them in Residential districts and allowing only an Accessory Apartment via Special Permit; hotel/motel uses are permitted by right in Business districts but often need site plan review and may require special permits in Industrial districts. There’s no local STR registration but state registration, taxes, and inspections apply. These constraints, along with limited zoning pathways, moderate to high permitting costs, and compliance burdens, make the market challenging for investors.

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About Lakeville

Lakeville is a small, semi-rural town in Plymouth County, in the southeastern part of Massachusetts. With a population of roughly 11,000 residents, it has a quiet, wooded character defined by its many freshwater lakes, cranberry bogs, and stretches of protected forestland. The town is best known as a gateway to the South Shore region of Massachusetts and as a convenient jumping-off point for travelers heading toward Cape Cod, Plymouth, and the Buzzards Bay coastline. It sits approximately 35 to 40 miles south of Boston, easily reached via Route 24, which connects the town to both the metropolitan area and the South Coast.

One of the area's defining natural features is Assawompset Pond, one of the largest natural freshwater lakes in Massachusetts. The pond, which spans parts of Lakeville and neighboring Middleborough, offers boating, fishing, and quiet shoreline scenery, and it anchors a larger complex of interconnected ponds and conservation land that draws paddlers and birdwatchers throughout the warmer months. A short drive north brings visitors to Myles Standish State Forest, a sprawling 15,000-plus-acre property of pine woodlands, ponds, and campgrounds that is one of the largest state forests in Massachusetts. The forest offers hiking trails, swimming areas, and seasonal camping, making it a natural draw for outdoor-oriented visitors.

To the east, roughly 25 to 30 minutes away, the town of Plymouth offers a deep well of historical and coastal attractions, including the waterfront district, Plymouth Rock, and the living-history museums that interpret the 1620 Pilgrim settlement. The surrounding harbor, beach, and whale-watching excursions make Plymouth a frequent day-trip pairing with a stay in Lakeville. To the south, about 30 to 40 minutes down the road, New Bedford provides an entirely different flavor, with its restored 19th-century whaling-era downtown, the New Bedford Whaling National Historical Park, and the working waterfront that still ranks as one of the most valuable fishing ports in the country.

For travelers aiming at the Cape, Lakeville offers a calmer, more affordable alternative to staying directly on the canal or in the busy Cape towns. The Sagamore and Bourne bridges, which carry traffic onto Cape Cod, are within roughly 45 minutes to an hour, depending on season, putting the beaches of the Cape Cod National Seashore, the rail trails of the Cape Cod Rail Trail, and the art galleries of Provincetown within an easy day trip.

The combination of inland lake country, nearby state forest, quick access to Plymouth's colonial history, and proximity to both the South Coast and Cape Cod gives Lakeville a quietly versatile appeal. For short-term-rental owners, that mix translates into a steady, year-round base of visitors: summer lake-goers and Cape-bound beach travelers, fall leaf-peepers exploring the state forest, and off-season guests drawn to Plymouth's and New Bedford's historical and cultural offerings.

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