A+
78%
Med. Home Val. NAT. AVG.
29%
Rent NAT. AVG.
33%
Owner Occ. NAT. AVG.

Prior Lake Housing Information

IndexPrior LakeMinnesotaNational
Median home price$328,400$191,500$184,700
Median rent asked$1,220$873$949
Avg. people per household2.42.42.6
Owner occupied households84.5%71.4%63.6%
Renter occupied households15.5%28.6%36.4%
See Local Housing Trends Before You Buy! Local Insights Report
  • See home value trends within a small radius
  • Understand local market conditions near your address
  • Use detailed data to choose the right home
Local Insights Report

Housing Quick Facts

  • The median home price in Prior Lake is 78% higher than the national average.
  • The median rent asked in Prior Lake is 29% higher than the national average.
  • The average number of people per household in Prior Lake is 7% lower than the national average.
  • The number of owner occupied households in Prior Lake is 33% higher than the national average.
  • The number of renter occupied households in Prior Lake is 57% lower than the national average.

Most Affordable Places to Live in and Around Prior Lake

See all the best places to live around Prior Lake

Compare Prior Lake, MN Housing

City Image
    City Default Image
      vs
      Compare Neighborhoods & Addresses Local Insights Report

      Why stop at city-to-city? With Local Insights, you can compare neighborhoods, zip codes, or even exact addresses. Access 300+ hyperlocal data points—from schools and crime to housing and amenities—to see which area is the better fit.

      Local Insights Report
      How would you rate real estate in Prior Lake?
      Write a review to give others more information about this area.
      How would you rate rentals in Prior Lake?
      Write a review to give others more information about this area.
      See all Prior Lake poll results

      Nearby cities with low home prices

       PopulationHome PriceNational Avg.
      Mendota, MN149$238,60029%
      Richfield, MN36,253$241,10031%
      Jordan, MN6,289$245,10033%
      Hopkins, MN18,400$251,70036%
      Mound, MN9,498$255,20038%
      Prior Lake, MN26,775$328,40078%

      Cities with similar population

       PopulationHome PriceNational Avg.
      Florence, AZ26,777$188,0002%
      Winona, MN26,772$153,50017%
      Hutto, TX26,778$213,80016%
      Colleyville, TX26,766$567,600207%
      West Linn, OR26,764$528,600186%
      Prior Lake, MN26,775$328,40078%
      Source: The Prior Lake, MN housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS).