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ZipNumbers

Minnesota · Census place 52594

Prior Lake city, MN

Quick answer

Prior Lake city has 27,832 residents, ranking #36 of 914 places in Minnesota. Median household income is $130,278, the median home is worth $429,900 and median gross rent runs $1,548 a month.

Population
27,832Prior Lake city residents
Median household income
$130,278Past 12 months, inflation adjusted
Median home value
$429,900Owner-occupied units
Median gross rent
$1,548Rent plus utilities, monthly
Median age
39.7 yrsAll residents
Homeownership rate
85.6%Owner-occupied households

What the numbers mean in Prior Lake city

Housing cost measured against local earnings.

A household earning the Prior Lake city median would spend about 14.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.9% of residents and 85.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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