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Prior Lake, MN Housing

 
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As of 2010-2014, median price of a house in Prior Lake is $262,400, which is higher than the state average of $185,200 and is higher than the national average of $175,700. The Prior Lake median house value has grown by 49.86% since 2000. The growth rate for the price of a house in Prior Lake is about the same as the state average rate of 51.31% and is higher than the national average rate of 46.91%. The median year that a house in Prior Lake was built is 1993, which is newer than the median year for a house built in the state which is 1975 and is newer than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 7,320 Owner Occupied Houses in Prior Lake, MN, #49
Prior Lake, MN
262,400 USD
Minnesota
185,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #512
Prior Lake, MN
49.86%
Minnesota
51.31%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Prior Lake, MNMinnesotaU.S.
Total Housing Units9,160, see rank, 100%2,364,149132,741,033
Occupied Housing Units8,773, 95.78%, see rank89.48%87.55%
Owner Occupied7,320, 79.91%, see rank64.51%56.34%
Renter Occupied1,453, 15.86%, see rank24.96%31.21%
Vacant Housing Units387, 4.22%, see rank10.52%12.45%
For Rent27, 0.29%, see rank1.22%2.34%
For Sale Only82, 0.90%, see rank0.96%1.20%
Rented or Sold, Not Occupied0, 0.00%, see rank0.68%0.92%
For Seasonal, Recreational, or Occasional Use166, 1.81%, see rank5.29%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant112, 1.22%, see rank2.36%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #41
Prior Lake, MNMinnesotaU.S.
199319751976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Prior Lake, MN%MinnesotaU.S.
Owner-Occupied Units7,320100%1,525,20174,787,460
With a Mortgage5,89580.53%, see rank68.78%65.58%
Without a Mortgage1,42519.47%, see rank31.22%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Prior Lake, MN
1,989 USD
Minnesota
1,526 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsPrior Lake, MN%MinnesotaU.S.
$299 or Less00.00%, see rank0.18%0.20%
$300 to $499550.93%, see rank1.30%1.59%
$500 to $699711.20%, see rank4.08%5.01%
$700 to $9992995.07%, see rank12.50%14.32%
$1,000 to $1,49985914.57%, see rank30.43%27.90%
$1,500 to $1,9991,70328.89%, see rank25.36%20.35%
$2,000 to $2,9991,89032.06%, see rank19.32%19.52%
$3,000 or More1,01817.27%, see rank6.84%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Prior Lake, MN
22.60% of the Total Income
Minnesota
22.50% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Prior Lake, MN%MinnesotaU.S.
10% or Less3696.26%, see rank6.13%5.86%
10% to 20%2,01434.16%, see rank35.03%31.95%
20% to 30%1,80230.57%, see rank30.01%27.64%
30% to 40%99116.81%, see rank12.88%13.74%
40% or More69511.79%, see rank15.67%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Prior Lake, MN
564 USD
Minnesota
475 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsPrior Lake, MN%MinnesotaU.S.
$199 or Less50.35%, see rank4.45%7.76%
$200 to $299463.23%, see rank10.96%14.70%
$300 to $49949434.67%, see rank39.99%34.63%
$500 to $69935925.19%, see rank27.38%21.16%
$700 or More52136.56%, see rank17.23%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Prior Lake, MN
11.10% of the Total Income
Minnesota
11.50% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Prior Lake, MN%MinnesotaU.S.
10% or Less64945.54%, see rank43.57%40.19%
10% to 20%32923.09%, see rank31.28%31.47%
20% to 30%17612.35%, see rank11.58%12.24%
30% to 40%1107.72%, see rank5.05%5.64%
40% or More1389.68%, see rank7.69%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Prior Lake, MNMinnesotaU.S.
Total Housing Units9,160, 100%2,364,149132,741,033
1-unit, Detached6,239, 68.11%, see rank67.25%61.65%
1-unit, Attached1,795, 19.60%, see rank7.45%5.82%
2 Units34, 0.37%, see rank2.34%3.75%
3 or 4 Units173, 1.89%, see rank2.08%4.43%
5 to 9 Units124, 1.35%, see rank2.23%4.78%
10 or More Units758, 8.28%, see rank15.14%13.08%
Mobile Home, Boat, RV, Van, etc.37, 0.40%, see rank3.52%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Prior Lake, MNMinnesotaU.S.
Total Housing Units9,160, 100%2,364,149132,741,033
1 Room0, 0.00%, see rank1.54%1.95%
2 Rooms210, 2.29%, see rank2.83%2.48%
3 Rooms453, 4.95%, see rank9.20%9.13%
4 Rooms692, 7.55%, see rank14.05%16.60%
5 Rooms1,302, 14.21%, see rank15.52%20.41%
6 Rooms1,145, 12.50%, see rank14.98%18.06%
7 Rooms1,332, 14.54%, see rank12.86%12.27%
8 Rooms1,314, 14.34%, see rank11.01%8.48%
9 Rooms or More2,712, 29.61%, see rank18.01%10.60%
Median Rooms7.10, see rank6.005.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Prior Lake, MNMinnesotaU.S.
Total Housing Units9,160, 100%2,364,149132,741,033
No Bedroom10, 0.11%, see rank1.76%2.17%
1 Bedroom439, 4.79%, see rank11.71%11.16%
2 Bedrooms1,923, 20.99%, see rank26.64%26.69%
3 Bedrooms3,339, 36.45%, see rank34.15%39.70%
4 Bedrooms2,505, 27.35%, see rank19.81%16.05%
5 or More Bedrooms944, 10.31%, see rank5.94%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Prior Lake, MNMinnesotaU.S.
Total Housing Units8,773, 100%2,115,337116,211,092
Utility Gas7,618, 86.83%, see rank66.78%48.85%
Bottled, Tank, or LP Gas218, 2.48%, see rank10.05%4.86%
Electricity809, 9.22%, see rank16.13%36.68%
Fuel Oil, Kerosene, etc.20, 0.23%, see rank2.62%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood8, 0.09%, see rank2.55%2.12%
Solar Energy7, 0.08%, see rank0.02%0.05%
Other Fuel51, 0.58%, see rank1.17%0.47%
No Fuel Used42, 0.48%, see rank0.65%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalPrior Lake, MNMinnesotaU.S.
Occupied Units Paying Rent1,348, 100%562,19839,201,928
$199 or Less0, 0.00%, see rank2.46%1.50%
$200 to $29946, 3.41%, see rank4.66%3.18%
$300 to $49957, 4.23%, see rank9.32%7.37%
$500 to $699112, 8.31%, see rank17.06%16.01%
$700 to $999399, 29.60%, see rank33.30%29.17%
$1,000 to $1,499309, 22.92%, see rank23.49%26.88%
$1,500 to $1,999274, 20.33%, see rank7.02%9.79%
$2,000 or More151, 11.20%, see rank2.69%6.10%
Median$1,101, see rank$835$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Prior Lake, MNMinnesotaU.S.
Occupied Housing Units8,773, 100%2,115,337116,211,092
No Vehicles Available419, 4.78%, see rank7.25%9.12%
1 Vehicles Available1,713, 19.53%, see rank30.11%33.80%
2 Vehicles Available4,737, 54.00%, see rank40.67%37.48%
3 or More Vehicles Available1,904, 21.70%, see rank21.97%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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