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Prior Lake city, MN

ZIP 55372 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55372

Median Home Value
$450,100
Median Rent
$1,327
Affordability Snapshot
$124,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,891/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

28.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55372 in Prior Lake city, MN, a household would need roughly $124,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,891. That sits below the local median household income ($140,835), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
90.5%+38% vs US avg
x
Vacancy Rate
2.7%-74% vs US avg
x
Broadband Access
96.0%+10% vs US avg
x
4+ Bedrooms
17.3%+17% vs US avg
x
Built Pre-1939
0.7%-95% vs US avg
x
Built Post-2014
1.8%-74% vs US avg
x
Rent Burden >30%
17.0%-66% vs US avg
x
Mortgage-Free
26.8%-30% vs US avg
x
$450,100
Home Value
$1,327
Rent
1994
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached78.6%
  • 1-unit attached14.5%
  • 2-9 units0.8%
  • 10+ units6.1%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$450,100
Median rent$1,327
Owner-occupied90.5%
Vacant2.7%
Price-to-income3.2x
Est. income to buy$124,000