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.
See the full metro analysis: Minneapolis-St. Paul-Bloomington, MN-WI stress score, crash risk, and 12-month forecast →
Home Value$510,752
+1.9%
Rent$2,026/mo
AFFORDABILITYRenting $1,183/mo cheaper ($2,026 rent)6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.
Enter your income for Prior Lake.
$102,150 on $510,752
Out of reach — 51.3% of income
Need $137,529/yr to afford.
PITI$3,209
P/I51.3%
Afford$279K
Gap-$232K
P&I $2,583Tax $477Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Minnesota
Compare Prior Lake with other housing markets across Minnesota.
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 →