What is the median home price in Prior Lake?

The median home price in Prior Lake, Prior Lake city, Minnesota is $400,500, which is 42% above the national average of 281,900 ($281,900).

Prior Lake, Prior Lake city, Minnesota has a violent crime rate of 1.2 per 1,000 residents, which is 67% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 5.7 per 1,000 residents.

What is the Walk Score for Prior Lake?

Prior Lake, Prior Lake city, Minnesota has a Walk Score of 0 out of 100, classified as "Almost All Errands Require a Car." The national average Walk Score is 48/100. The bike score is 26/100.

What is the median household income in Prior Lake?

The median household income in Prior Lake, Prior Lake city, Minnesota is $129,539, which is 74% above the national average of 74,580 ($74,580).

What is the average rent in Prior Lake?

The median rent in Prior Lake, Prior Lake city, Minnesota is $850 per month. The national average median rent is $1,163/month.

What is the air quality in Prior Lake?

Prior Lake, Prior Lake city, Minnesota has an Air Quality Index (AQI) of 38, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Prior Lake?

The population of Prior Lake, Prior Lake city, Minnesota is approximately 27,608. The homeownership rate is 84.0% (national average: 65.9%).

What are the climate risks in Prior Lake?

Prior Lake, Prior Lake city, Minnesota has an overall climate risk rating of "Relatively Moderate" with a risk score of 77.17. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Is Prior Lake affordable?

Prior Lake, Prior Lake city, Minnesota has an affordability index of 171, which is above the national baseline of 100, indicating relatively affordable housing. The electricity rate is 14.6¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Prior Lake?

The unemployment rate in Prior Lake, Prior Lake city, Minnesota is 1.5%. The national average unemployment rate is 3.7%. The poverty rate is 2.5% (national average: 12.4%).

Prior Lake

Prior Lake city, Minnesota

Family-Friendly

About Prior Lake

Prior Lake, Minnesota, is the perfect blend of small-town charm and suburban convenience, making it a highly desirable place to call home. With a population just shy of 28,000, this community offers a strong sense of belonging, ideal for families. While the median home value of $400,500 sits slightly above the national average, the area's robust median household income of nearly $130,000 speaks volumes about the financial well-being of its residents, allowing for a comfortable lifestyle. You'll find a welcoming atmosphere here, where community events are plentiful, and the pace of life allows you to savor the simple pleasures.

From an investment perspective, Prior Lake presents a solid opportunity. The housing market is stable and growing, appealing to buyers looking for a long-term investment. The area's high median income also contributes to a low crime rate, making it a safe and secure environment. This is a place where families thrive, drawn to the excellent schools and abundant recreational activities. If you're seeking a community that values family, offers a high quality of life, and provides a sound financial foundation, Prior Lake is an excellent choice.

Prior Lake, Minnesota at a Glance

Prior Lake is a city in Prior Lake city, Minnesota with a population of approximately 27,608. The median home value is $400,500 and the median household income is $129,539. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $850 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.