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Prior Lake, MN
Full City Profile · Minnesota · Scott County County
4.0
/5.0
A
Great
27,832
Population
1,709/sq mi density
$130,278
Median Income
$63,391 per capita
$429,900
Home Value
$515,927 Zillow
$1,548
Median Rent
31.7% income on rent
47°F
Avg Temperature
270 sunny days/yr
154
Violent Crime/100K
2,204 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$130,278 median income, 0.9% unemployment
A+
Affordability
4.8 / 5.0
$429,900 home value, $1,548/mo rent
F
Safety
1.0 / 5.0
154 violent crimes/100K
A+
Education
5.0 / 5.0
51.5% bachelor's degree or higher
Housing Overview
Median Home Value
$429,900
53% above
US avg: $281,900
Median Rent
$1,548/mo
33% above
US avg: $1,163/mo
Homeownership Rate
85.6%
31% above US avg (65.4%)
Total Housing Units
10,318
Median year built: 1997
Home Value by Source
Census Median
$429,900
Zillow (ZHVI)
$515,927
Median Sale Price
$492,500
Median List Price
$517,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
85.6%
Owner-Occupied
14.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$1,548/mo
· Zillow rent:
$1,859/mo
Market Indicators (Redfin)
Median Days on Market
50 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
16
Price Drops
12.1%
of listings with price reduction
Price Per Sq Ft
$203
Active Inventory
66
homes for sale
Affordability & Housing Stock
Rent Burden
31.7%
of renters spending 30%+ of income on housing
2% above US avg (31.0%)
Median Year Built
1997
Average age of housing stock: 29 years
Homeownership Rate
85.6%
Complete Housing Data
Home Values
| Census Median Value | $429,900 |
| Zillow Home Value (ZHVI) | $515,927 |
| Median Sale Price | $492,500 |
| Median List Price | $517,500 |
| Price Per Sq Ft | $203 |
Rent
| Census Median Rent | $1,548 |
| Zillow Rent (ZORI) | $1,859 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 50 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 12.1% |
| Homes Sold | 16 |
| Active Inventory | 66 |
| Price Per Sq Ft | $203 |
Ownership & Stock
| Owner-Occupied | 85.6% |
| Renter-Occupied | 14.4% |
| Homeownership Rate | 85.6% |
| Total Housing Units | 10,318 |
| Median Year Built | 1997 |
| Rent Burden | 31.7% |