The median home in Prior Lake, Minnesota is valued at $510,752, up 1.9% year over year. Typical monthly rent is $2,026, producing a price-to-rent ratio of 21x — well above the national average of 18x. Prior Lake is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$510,752

+1.9%

Rent$2,026/mo

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$102,150 on $510,752

Example: $75,000 household income. Change it above to see your own.

Out of reach51.3% of income

Need $137,529/yr to afford.

PITI$3,209

P/I51.3%

Afford$279K

Gap-$232K

P&I $2,583Tax $477Ins $150

Renting $1,183/mo cheaper ($2,026 rent)6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Minnesota

Compare Prior Lake with other housing markets across Minnesota.

Minnetonka Beach$2.22M Woodland$1.62M Greenwood$1.6M Sunfish Lake$1.16M Orono$1.08M Medicine Lake$1.08M Tonka Bay$1.06M Deephaven$1.02M

Full Minneapolis-St. Paul-Bloomington, MN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Minneapolis-St. Paul-Bloomington, MN-WI metro.

View Minneapolis-St. Paul-Bloomington, MN-WI metro

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Prior Lake, MN