Zip 55372 (Prior Lake, MN) Housing

The housing market in Prior Lake, MN (55372) has a median value of $456,300. This is significantly higher than the national median of $338,100, indicating that homes in this area are more expensive than those across the country. Despite this, the one year house appreciation rate for Prior Lake is 6.82%, lower than the national average of 8.27%. This suggests that while housing prices are rising in the area, they are not increasing as rapidly as prices nationally.

The median home cost in Prior Lake (zip 55372) is $456,300. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Prior Lake (zip 55372) is up 11.0%.

Average Age of Homes

- The median age of Prior Lake (zip 55372) real estate is 25 years old

The Rental Market in Prior Lake (zip 55372)

- Renters make up 13.0% of the Prior Lake (zip 55372) population
- 0.3% of houses and apartments in Prior Lake (zip 55372), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Prior Lake, Minnesota	United States
	12,338.0	139,647,020.0
	27	42
	$456,300	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$10.90	$10.98
	$3,981	$2,690
	88.0%	57.4%
	2.3%	11.2%
	9.7%	31.4%
Vacant Housing
	0.3%	1.9%
	0.0%	0.4%
	0.4%	0.7%
	0.8%	0.4%
	0.5%	3.6%
	0.4%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	0.4%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.5%	4.5%
	1.7%	11.3%
	6.7%	13.0%
	25.4%	20.1%
	22.3%	13.6%
	15.2%	8.3%
	16.2%	9.7%
	7.2%	3.9%
	3.0%	2.2%
	0.3%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	24.7%	13.6%
	24.7%	13.6%
	20.9%	13.6%
	15.9%	13.2%
	14.9%	14.8%
	20.9%	13.6%
	2.7%	10.0%
	0.8%	4.7%
	1.9%	12.2%

Reviews for Prior Lake

See all (0)

Write a Review

Start Your Review of Prior Lake

Commute