Home prices
The median home in Prior Lake costs $322,400. In comparison to the surrounding areas it is approximately $17,180 (5%) higher.In comparison to the entire nation it is approximately $104,900 (48%) higher, and is approximately $70,800 (28%) higher in comparison to the city of Minneapolis.
Rents
In Prior Lake the median monthly rent is $1,143. This is approximately $368 (24%) lower compared to the surrounding areas.It is approximately $81 (7%) higher compared to the rest of the nation, and in comparison to the city of Minneapolis is approximately $116 (11%) higher.
Nearby places
Shakopee
Shakopee is Prior Lake's neighbor to the northwest. Its real estate prices are a bit less expensive. The median home in Shakopee is valued at $265,500, which is $56,900 (21%) lower than Prior Lake. Its rents are somewhat more expensive. Shakopee's median monthly rent is $1,211, which comes out to $68 (5%) higher than Prior Lake.
Savage
Savage is Prior Lake's neighbor to the northeast. The housing prices there are pretty similar. The median home in Savage costs $307,500, which works out to $14,900 (4%) lower than Prior Lake. Rents there are a bit more expensive. Savage's median rent is $1,286 per month, which is $143 (11%) higher than Prior Lake.
Burnsville
Burnsville is approximately 7 miles east of Prior Lake. Real estate prices there are a bit less expensive. The median home price in Burnsville is $247,500, which works out to $74,900 (30%) lower than Prior Lake. The rent there is a little more expensive. Burnsville's median rent is $1,228 per month, which is $85 (6%) higher than Prior Lake.
Eden Prairie
Eden Prairie is about 7 miles north from Prior Lake. Its real estate prices are a bit more expensive. The median home in Eden Prairie is valued at $368,100, which comes out to $45,700 (12%) higher than Prior Lake. The rent there is a bit more expensive. The median rent in Eden Prairie is $1,402 a month, which works out to $259 (18%) higher than Prior Lake.
Carver
Carver is roughly 8 miles west from Prior Lake. Its real estate prices are pretty similar. Carver's median home cost is $337,500, which is $15,100 (4%) higher than Prior Lake. Rent there is a lot more expensive. The median rent in Carver is $2,429 per month, which is $1,286 (52%) higher than Prior Lake.
