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Home values, rents and more in Prior Lake, MN

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$528,000
Metro: $388,000 · U.S.: $366,000
Home values, past year
+1.8%
Metro: +1.7% · U.S.: +1.2%
Typical rent
$2,065/mo
Metro: $1,736 · U.S.: $1,932
Rents, past year
+2.3%
Metro: +3.6% · U.S.: +2.9%
Population
28,016
ACS 2020–24
Median household income
$134,255
Metro: $99,833 · U.S.: $80,734
ZIP codes around Prior Lake, MN, shaded by typical home valuePrior Lake5537955378
  • Under $420k
  • $420k–$430k
  • $430k–$470k
  • $470k+
  • No data
ZIP codes around Prior Lake, MN, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. Prior Lake is outlined.

How Prior Lake compares

The typical home in Prior Lake, MN is worth about $528,000, according to the Zillow Home Value Index for September 2026. Home values in Prior Lake are 36% above the typical value in the Minneapolis metro area ($388,000) and 44% above the U.S. typical value ($366,000).

Over the past year, home values in Prior Lake rose 1.8%, compared with +1.7% in the Minneapolis metro area and +1.2% nationally.

Typical rent is $2,065 a month (Zillow Observed Rent Index), 19% above the Minneapolis metro area ($1,736) and 7% above the U.S. ($1,932). Rents rose 2.3% over the past year.

The median household income is $134,255, against $99,833 in the Minneapolis metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 28,016 people live in Prior Lake (American Community Survey 2020–24).

Prior Lake has the 31st-highest typical home value of the 203 cities in the Minneapolis metro area and the 35th-highest of 675 in Minnesota with Zillow figures.

Part of: Scott County, MN · Minneapolis metro area · Minnesota

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  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Crime rates
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby cities

ZIP codes in Prior Lake, MN

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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