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Rent To Own Homes in Prior Lake, MN

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Prior Lake, MN Foreclosures

How much do homes sell for in Prior Lake, MN?
The average home price is currently $618,295.
In Prior Lake, MN, how many homes are available?
There are currently 9 active home listings available in Prior Lake.
What’s the average rental cost in Prior Lake, MN?
The average rental price in Prior Lake is $2,320.
What is the most expensive home in Prior Lake?
The most expensive home sold in Prior Lake had a price of $9,287,472.
What is currently the cheapest priced home in Prior Lake, MN?
The cheapest home for sale in Prior Lake is priced at $27,008.

Living in Prior Lake, MN

Prior Lake, Minnesota, is a picturesque suburb located near the Twin Cities, known for its natural beauty with a variety of lakes and parks. It provides a family-friendly environment with excellent schools and diverse amenities. The community boasts charming residential neighborhoods and recreational activities year-round.

Current Market Conditions in Prior Lake, MN

The real estate market in Prior Lake remains competitive, with a steady demand for single-family homes due to its desirable location and family-oriented atmosphere. Home prices have shown consistent appreciation, attracting both buyers and investors seeking long-term value.

Current trends indicate a strong interest in newer constructions and waterfront properties, which are highly sought after. As the area continues to grow and develop, more amenities and housing options are becoming available, appealing to a wide range of potential residents.

Home Value Estimator For Prior Lake, MN

There are currently 13,352 real estate properties in Prior Lake, MN, with a median automated valuation model (AVM) price of $505,303.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Prior Lake, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Prior Lake, MN, is $618,295.00, with the most expensive house in Prior Lake, MN, topping out at $9,287,472.00 and the cheapest home in Prior Lake, MN, clocking in at $27,008.00. In other words, there’s something for every potential homebuyer or savvy investor in Prior Lake, MN!

Rent Prices In Prior Lake, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Prior Lake, MN, is on a rollercoaster ride. The average rent price in Prior Lake, MN, is $2,320.00. Indeed, when looking to rent in Prior Lake, MN, you can expect to pay as little as $750.00 or as much as $4,520.00, with the average rent median estimated to be $2,190.00. The good news is that finding an affordable and desirable property to rent in Prior Lake, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Prior Lake, MN Rent To Own Homes


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