The story of this market
The typical home in ZIP 55372 sells for about $450,100, or $215 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,494 a month.
ZIP 55372 — Prior Lake
The housing market in 55372 remains stable with steady price appreciation and low inventory levels. Demand is driven by families attracted to the high-quality school district and recreational amenities, though higher interest rates have moderated the pace of sales compared to previous years.
This ZIP is ideal for families seeking suburban space, high-quality schools, and lake-oriented recreation, as well as commuters who prioritize a quieter residential environment within reach of the Twin Cities.
Median prices moved up 3.2% year over year.
Homes spend a median of 48 days on market with 3.1 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.6% · poverty 2.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55372, Scott County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Prior Lake generally experiences low crime rates, consistently ranking as one of the safer communities in the Twin Cities metropolitan area.
The area is served by the highly-rated Prior Lake-Savage Area Schools (ISD 719), which is recognized for strong academic performance and comprehensive extracurricular programs.
The region faces standard Midwestern climate risks, including severe thunderstorms and winter weather; flood risk is localized primarily to areas immediately adjacent to the city's numerous lakes.
Economic momentum is driven by its status as a growing suburban hub in the Twin Cities, with significant residential development and proximity to major employment centers in Shakopee and Bloomington.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Residents primarily commute by car to employment hubs in the Twin Cities metro, with Highway 13 and Highway 169 serving as the primary arterial corridors.
The ZIP is defined by its extensive lake access, including Prior Lake and Spring Lake, alongside numerous parks, trails, and the Legends Club golf course.
The rental market is characterized by low vacancy rates and high demand for single-family home rentals, with limited multi-family inventory available.
The local economy is supported by a mix of retail, professional services, and proximity to the industrial and logistics hubs in neighboring Shakopee.
Transportation is heavily reliant on private vehicle use, with limited public transit options connecting to the broader Twin Cities metro area.
Development is focused on managed growth, with several residential subdivisions currently in the planning or construction phases on the city's southern edge.
Scott County utilizes a market-value assessment system, with annual adjustments based on sales data and property inspections.
Parcels are subject to Scott County, Prior Lake-Savage Area Schools (ISD 719), and various local watershed district levies.
Property insurance premiums are stable, though homeowners in proximity to lakes may face specific flood insurance requirements.
Data retrieved from data.census.gov ZCTA 55372 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Mall of America®4.615 mi
- Valleyfair4.29.2 mi
- Great Wolf Lodge | Minnesota3.915.1 mi
- Nickelodeon Universe4.515 mi
- Edinborough Park4.613.9 mi
- Canterbury Park4.59.4 mi
- Hazelwood Food and Drink Bloomington4.715.2 mi
- Chanhassen Dinner Theatres4.714.9 mi
- Minnesota Renaissance Festival4.510.9 mi
- Centennial Lakes Park4.714.1 mi
- Minnesota Zoo4.612.1 mi
- Valleyfair4.29.2 mi
- Canterbury Park4.59.4 mi
- Hyland Hills Ski Area4.212.2 mi
- Emagine Eagan4.412.6 mi
- University of Minnesota Landscape Arboretum4.817.1 mi
- Paisley Park4.815.5 mi
- Historic Fort Snelling4.718.8 mi
- The Museum of Russian Art4.717.3 mi
- The Bakken Museum4.719 mi
- Hyland Lake Park Reserve4.710.8 mi
- Dred Scott Field,Bloomington MN4.59.5 mi
- Richardson Nature Center4.912.1 mi
- Aronson Park4.68.1 mi
- Apple Valley Community Center4.39.3 mi
- Watergate Marina4.519.4 mi
- Howard's Point Marina4.619.8 mi
- Knotty Oar Marina4.73.9 mi
- Wayzata Bay Charter Cruises on Lake Minnetonka4.718.2 mi
- Your Boat Club Prior Lake4.75 mi
- Stonebrooke Golf Club4.38.2 mi
- Legends Golf Club4.72.7 mi
- The Wilds Golf Club4.45.5 mi
- Ridges At Sand Creek4.410.8 mi
- Brackett's Crossing Country Club4.74.4 mi
- Eden Prairie Center4.412.8 mi
- Fleet Farm4.36.1 mi
- Hy-Vee Grocery Store4.410.2 mi
- Burnsville Center3.97.5 mi
- T.J. Maxx & HomeGoods4.37.8 mi
- Minneapolis-Saint Paul International Airport4.417.5 mi
- Shoyu3.717.4 mi
- Mimosa317.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major recreational anchor offering boating, fishing, and public beaches.
A premier 18-hole championship golf course located within the community.
Extensive regional park offering trails, swimming, and cross-country skiing.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).