Prior Lake Homes & Real Estate

PRIOR LAKE REAL ESTATE

Prior Lake 

Prior Lake is a developing suburb in Scott County, Minnesota. While it is among the oldest cities that have been absorbed by suburban development, some parts of the area are still included in the Shakopee-Mdewakanton Indian Reservation. 

If projections are realized, Prior Lake will become a fully-developed city by 2030 with over 40,000 residents; almost triple the estimated population of the city as of the 2000 Census. 

The growth in the city’s population coupled by increasing opportunities both in the commercial and industrial sectors is expected to also contribute to its development as a full community. 

Population Profile 

Prior Lake has a population count of 15,917 people and 4,386 families as of the 2000 Census. A great majority of the residents or 94.53% are Whites followed by Native Americans (2.08%), Asians (.94%) and those from other races. The average population is generally young with an average age of 33 years. 

The $75,363 average income for every household as well as the $81,011 income for every family is quite high. It is also good to note that only 3.6% of the total population is living below the poverty line. 

History 

Much of Prior Lake’s history goes back to the glaciers during the Ice Age. These ice sheets left a huge amount of glacial deposits that formed into landed areas including the area now known as Prior Lake. Prior Lake residents have grown familiar with granite rocks, remnants of this period and which now decorate their yards. 

The American Indians were the first settlers of Prior Lake and this is depicted in the effigies (showing five huge hawks with wide wings that are over 150 feet long) that were found along the burial mounds in the area called Mdemayaton or Prior Lake. 

The big rock or Tun-Can referred to by the early American Indians had a significant connection to their religious beliefs and practices thousands of years ago. The Tun-Can even played a great role in community formation as most of them venerated the stone. 

Prior Lake was originally known as Long Lake but was changed to Prior Lake to honor Charles Prior, one of the owners of the land where a railroad line was built. The building of a railroad meant a lot for the area since it hastened growth and development. 

The construction of the railroad was followed by the survey of the Prior Lake village n 1875. Five years after, Prior Lake’s economy showed promise with the building of the first flour and feed mill, the first general store, the first newspaper, a blacksmith shop and even two saloons. The opening of Grainwood House in 1879 signaled the rise of Prior Lake’s economy albeit only a few locals were employed in this resort. 

Prior Lake Village was incorporated as early as 1891 but it was only in the 1900 when it had its first telephone connection and in 1917 its electricity. Wells and pumps used to be the main sources of water in the area until the Village Council planned the installation of a city water works in 1937. 

Search Prior Lake Homes & Real Estate Homes for Sale

New Listings

Featured picture for the property 5026049
$195,000
Prior Lake, MN
1
beds
1
baths
Listing courtesy of Edina Realty, Inc. Minnesota
Featured picture for the property 5139987
$335,000
Prior Lake, MN
4
beds
2
baths
Listing courtesy of RE/MAX Advantage Plus Minnesota
Featured picture for the property 5139175
$357,900
Prior Lake, MN
4
beds
3
baths
Listing courtesy of Re/Max Advantage Plus Minnesota
Featured picture for the property 5139019
$532,075
Prior Lake, MN
3
beds
3
baths
Listing courtesy of M/I Homes Minnesota
Featured picture for the property 5133603
$259,900
Prior Lake, MN
3
beds
3
baths
Listing courtesy of Edina Realty, Inc. Minnesota
Minnesota
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Today's Market Trends for Prior Lake Homes & Real Estate *

$641,550

0%

$186

-0.01%

145

-0.17%

December

November

 

175

197

 

 

-0.11%

-0.08%

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* All data pertains to single-family homes