Prior Lake pairs some of the metro's most popular recreational lakes with newer construction and a growing collection of 55+ communities. Combined with Scott County's lower property tax rates, it's an increasingly popular retirement landing spot.
The Prior Lake housing market
Median home values in Prior Lake run in the mid-$400s, with lakefront and executive homes on Lower and Upper Prior Lake pushing well past $1M. Scott County property taxes are among the lowest in the metro.
Reverse mortgages in Prior Lake
Prior Lake homeowners often combine a HECM for Purchase with the sale of a larger family home elsewhere in the metro, buying into a Prior Lake single-level or association home with no future mortgage payment.
Neighborhoods
- Lakefront
- The Wilds
- Jeffers Pond
- Fish Point
- Northwood
Loan options for Prior Lake
- Reverse Mortgage (HECM)
- Jumbo Reverse
- HECM for Purchase
- Conventional & Jumbo
- VA & FHA
- Refinance
Attractions & landmarks
- Lower & Upper Prior Lake
- Sand Point Beach
- Cleary Lake Regional Park
- The Wilds Golf Club
- Mystic Lake (nearby)
Schools
Prior Lake–Savage Area Schools (ISD 719), consistently well-rated and a driver of family demand.