Housing in Prior Lake, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$427,500
Median List Price
$530,000
Price Per Sq Ft
$181
Days on Market
49
Active Inventory
51
Months of Supply
2.6
Seller's market
Zillow Home Value
$510,752
ZHVI — January 2026
Zillow Rent Index
$2,026
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
15.0%
Off Market in 2 Weeks
21.7%
Sale-to-List Ratio
97.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
20
New Listings
21
Pending Sales
23
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$181
Median List $/SF
$222
Prior Lake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Prior Lake is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$429,900
Median Rent
$1,548
Total Housing Units
10,423
Vacancy Rate
2.9%
Owner Occupied
85.7%
Renter Occupied
14.3%
Median Property Tax
$4,500
per year
Monthly Cost (w/ Mortgage)
$1,909
Housing Types
The current median sale price in Prior Lake, MN is $427,500 according to Redfin data. Homes spend a median of 49 days on the market. 15.0% of homes sold above asking price. The market has 2.6 months of supply. The median price per square foot is $181. Zillow's observed rent index is $2,026/month. About 85.7% of housing units are owner-occupied. The median year homes were built is 1997. There are 10,423 total housing units.