Housing & Real Estate — Prior Lake, Minnesota
Overview
| Total Housing Units | 10,423 |
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| Occupied | 10,118 |
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| Vacant | 305 |
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| Owner-Occupied | 8,666 |
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| Renter-Occupied | 1,452 |
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| Median Home Value (Census) | $450,700 |
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| Estimated 2026 | ~$503,000 |
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| Median Rent | $1,548/mo |
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| Median Property Tax | $4,467/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | moderate |
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| Rent as % of Income | 13.8% |
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| Severely Rent-Burdened | 49.4% |
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Housing Age
| Built 2010 or later | 2,165 |
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| Built 2000-2009 | 2,632 |
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| Built 1990-1999 | 1,819 |
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| Built before 1960 | 576 |
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| Median Year Built | 1997 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
