HomeMinnesotaScott CountyPrior Lake
Prior Lake, Minnesota: commercial real estate data.
Prior Lake 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 since FY2020.
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
- 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
Counted by borrower city: approvals to borrowers whose address is in Prior Lake, in any county, FY2020 to FY2026. Only 16 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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
Counted by borrower city: approvals to borrowers whose address is in Prior Lake, in any county, FY2010 to FY2026. Only 7 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Prior Lake
Flood risk in Prior Lake
- NFIP communityCity of Prior Lake
- NFIP community number270432
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date02/12/21
The City of Prior Lake participates in the National Flood Insurance Program as community 270432 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Scott County, not Prior Lake
Scott County context, not Prior Lake figures
- Establishments in Scott County3,655
- Covered employment, Scott County63,111
- Average annual pay, Scott County$62,133
- Housing units permitted, Scott County699
Every figure in this section is published for Scott County as a whole and is not a measurement of Prior Lake.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $21.0 m since FY2020, across 23 lenders, median approval $150,000, plus 25 504 approvals worth $15.0 m since FY2010. 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?
No rate is published for Prior Lake. Only 16 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Prior Lake in the National Flood Insurance Program?
Yes. Prior Lake appears in the FEMA Community Status Book as Prior Lake, city of, community 270432, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Prior Lake figures?
No, and they are labeled 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?
No. Nothing on this page presents parcel level zoning.
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