HomeMinnesotaScott CountyPrior Lake city
Prior Lake city, Minnesota: commercial real estate data.
Prior Lake city is a Census city of 28,016 people across 16.29 square miles of land, in Scott County. Median household income is $134,255, 86.2 percent of occupied homes are owned, and the SBA record carries 51 7(a) approvals to borrowers here worth $21.0 m.
77 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Prior Lake
What Prior Lake is
- Census place typecity
- Land area16.29 sq mi
- Water area3.25 sq mi
- Population per square mile of land1,720
- County holding the largest share of its areaScott County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Prior Lake
How many people live in Prior Lake
- Population28,016
- Median age39.6
- Population under 187,102
- Share under 1825.3 percent
- Population 65 and over4,396
- Share 65 and over15.7 percent
- Households9,976
- Family households7,475
- Share of households that are families74.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Prior Lake
Income and work in Prior Lake
- Median household income$134,255
- Per capita income$62,573
- Civilian labor force15,853
- Employed15,611
- Unemployed242 plus or minus 108
- Unemployment rate1.5 percent plus or minus 0.7
- Adults 25 and over18,553
- Adults 25 and over with a high school diploma or higher96.2 percent
- Adults 25 and over with a bachelor degree or higher52.4 percent
- Adults 25 and over with a graduate degree15.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Prior Lake
Housing in Prior Lake
- Housing units10,357
- Occupied units9,976
- Vacant units381 plus or minus 184
- Vacancy rate3.7 percent plus or minus 1.8
- Owner occupied8,602
- Renter occupied1,374
- Ownership rate86.2 percent
- Median owner-occupied home value$450,700
- Median gross rent, monthly$1,654
- Annual rent as a share of median income14.8 percent
- Single family units9,040
- Share single family87.3 percent
- Units in buildings of two or more1,314
- Share in buildings of two or more12.7 percent
- Mobile homes3 plus or minus 8
- Median year structure built1998
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Prior Lake
How Prior Lake gets to work
- Workers 16 and over who commute11,449
- Commuting under 15 minutes2,727
- Share commuting under 15 minutes23.8 percent
- Commuting 30 minutes or more4,300
- Share commuting 30 minutes or more37.6 percent
- Drove alone63.9 percent
- Carpooled7.9 percent plus or minus 1.9
- Public transport0.8 percent plus or minus 0.7
- Walked1.2 percent plus or minus 0.7
- Worked from home24.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Prior Lake
SBA loans in Prior Lake (7(a))
- Approvals51
- Gross approval$20,950,600
- Average approval$410,796
- Median approval$150,000
- Ninetieth percentile approval$1,068,100
- Largest approval$2,639,300
- Jobs supported379
- Jobs per approval7.4
- Loans with a final outcome16
- Paid in full15
- Charged off1
- Charge-off rate over resolved loans6.3 percent
- Median term120 months
- Share on real estate terms of 20 years or more13.7 percent
- Share to franchises5.9 percent
- Distinct lenders23
- Distinct industries by NAICS36
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Prior Lake
SBA loans in Prior Lake (504)
- Approvals25
- Gross approval$14,996,000
- Average approval$599,840
- Median approval$333,000
- Largest approval$2,243,000
- Jobs supported240
- Loans with a final outcome7
- Charged off0
- Median term240 months
- Distinct CDCs5
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Scott County, not Prior Lake
Scott County context, not Prior Lake figures
These are Scott County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Prior Lake measurements.
- Establishments in Scott County3,655
- Employment at those establishments, Scott County60,419
- Covered employment, Scott County63,111
- Average annual pay, Scott County$62,133
- Average weekly wage, Scott County$1,195
- Housing units permitted, Scott County699
- Of those, single family, Scott County609
- County product, 2024, Scott County$10,952,036,000
- County product change over the prior year, Scott County8.2 percent
- Average income of an arriving household, Scott County$83,594
Every figure in this section is published for Scott County as a whole and is not a measurement of Prior Lake. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Prior Lake questions, answered from the record.
How many people live in Prior Lake, Minnesota?
28,016, in 9,976 households. Prior Lake city covers 16.29 square miles of land, which is 1,720 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Prior Lake in?
Scott County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Prior Lake?
$134,255. The median owner-occupied home is valued at $450,700. Median gross rent is $1,654 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Prior Lake businesses?
51 7(a) approvals totalling $21.0 m, across 23 lenders, median approval $150,000, plus 25 504 approvals worth $15.0 m. These count approvals to borrowers whose address is in Prior Lake, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Prior Lake borrowers get paid back?
Of the 16 loans that have reached a final outcome, 15 were paid in full and 1 charged off, a charge off rate of 6.3 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Prior Lake figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Scott County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Prior Lake.
Is zoning published for Prior Lake?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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