Prior Lake Real Estate
Median Price$530K3.9%Days on Market201Active Listings271Sale-to-List99.3%0.3New This Month45Bidding War Rate30.8%3.7%Avg $/SqFt$234Pending43Median Price$530K3.9%Days on Market201Active Listings271Sale-to-List99.3%0.3New This Month45Bidding War Rate30.8%3.7%Avg $/SqFt$234Pending43

Property Tax & HOA Costs

What you'll actually pay in property taxes and HOA fees in Prior Lake. Pulled from recent closed sales.

Median Annual Tax
$3,958
· 0.84% effective rate
Based on recent sales. Actual taxes vary by assessed value, homestead status, and any special assessments.
Homes with HOA
43.1%
· of recent sales
A significant share of Prior Lake homes are in HOA communities, mostly townhomes and newer subdivisions.
Median HOA Fee
$307/mo
· when HOA applies
HOA fees typically cover exterior maintenance, landscaping, and shared amenities. Always verify what's included.

Full Breakdown

Tax and HOA data from Prior Lake homes sold since 2023. These are actual recorded values, not projections.

Tax & HOA

Property taxes and HOA fees for Prior Lake homes sold since 2023.

Median Annual Tax
$3,958
Effective Tax Rate
0.84%
Homes with HOA
43.1%
Median HOA Fee
$307/mo

HOA Fees and Taxes by Home Type

Fees normalized to a monthly figure from closed sales over the last 36 months. The spread between a single-family HOA and a townhome HOA is the whole story.

Single-Family
23.7%
· median $60/mo when it applies
1001 sales. Median tax $4,724/yr (0.87% of price). Single-family dues usually cover common areas and management, not your roof or lawn.
Townhomes
96.5%
· median $359/mo, middle half $300 to $440
343 sales. Median tax $3,208/yr (0.89% of price). Dues typically include lawn, snow, trash and exterior upkeep.
Explore →
Condos
89.2%
· median $406/mo
37 sales. Median tax $1,446/yr (0.83% of price). The highest dues per dollar of home: building insurance and structure are in the fee.

What Prior Lake HOA Fees Cover

Share of HOA sales whose listing named each item as included in the dues. Property taxes are never in the fee; utilities almost never are.

Professional Mgmt
72.6%
Sanitation
70.7%
Lawn Care
60.9%
Snow Removal
55.9%
Maintenance Grounds
53.4%
Hazard Insurance
49%
Building Exterior
38.9%
Shared Amenities
25.2%
Other
15.8%
Beach Access
7%

Prior Lake HOA Communities

Every Prior Lake neighborhood with at least five HOA sales in the last 36 months, ranked by volume. Fee is the median monthly figure from those sales; the range shows the spread, which is wide wherever a subdivision has both a master association and sub-associations. Click through for the full neighborhood numbers.

Community
Median Fee
Homes w/ HOA
Type
Usually Covers
The Wilds
$60/mo
$33 to $605
98.8%
84 of 85 sales
Single-family
Professional Mgmt, Sanitation
Deerfield
$380/mo
$21 to $490
98.6%
69 of 70 sales
Townhome
Sanitation, Lawn Care, Maintenance Grounds, Professional Mgmt
Jeffers Pond
$335/mo
$25 to $515
75%
42 of 56 sales
Townhome
Professional Mgmt, Sanitation, Maintenance Grounds, Lawn Care
Glynwater
$321/mo
$60 to $665
85.3%
29 of 34 sales
Townhome
Lawn Care, Sanitation, Hazard Insurance, Professional Mgmt
Meadow View
$343/mo
$8 to $465
100%
28 of 28 sales
Townhome
Snow Removal, Lawn Care, Sanitation, Professional Mgmt
Pike Lake Landing
$62/mo
$62 to $335
100%
26 of 26 sales
Single-family
Professional Mgmt
Timber Crest Park
$359/mo
$200 to $410
74.2%
23 of 31 sales
Townhome
Lawn Care, Maintenance Grounds, Snow Removal, Professional Mgmt
Summit Preserve
$275/mo
$15 to $318
58.1%
18 of 31 sales
Townhome
Hazard Insurance, Lawn Care, Maintenance Grounds, Snow Removal
Haven Ridge
$175/mo
$7 to $193
100%
18 of 18 sales
Single-family
Sanitation, Professional Mgmt, Lawn Care, Snow Removal
Trillium Cove
$168/mo
$90 to $280
75%
18 of 24 sales
Single-family
Sanitation, Lawn Care, Snow Removal, Professional Mgmt
Regal Crest
$450/mo
$400 to $450
80%
16 of 20 sales
Townhome
Lawn Care, Maintenance Grounds, Snow Removal, Sanitation
Tower Place
$552/mo
$170 to $682
100%
16 of 16 sales
Condo
Lawn Care, Hazard Insurance, Snow Removal, Maintenance Grounds
Wilderness Ridge
$325/mo
$50 to $420
94.1%
16 of 17 sales
Townhome
Lawn Care, Sanitation, Professional Mgmt, Snow Removal
Hickory Shores
$42/mo
$42 to $520
66.7%
14 of 21 sales
Single-family
Professional Mgmt, Sanitation
Fountain Hills
$263/mo
$46 to $313
80%
12 of 15 sales
Townhome
Lawn Care, Snow Removal, Maintenance Grounds, Professional Mgmt
Pheasant Meadow
$400/mo
$13 to $420
85.7%
12 of 14 sales
Townhome
Lawn Care, Maintenance Grounds, Professional Mgmt, Snow Removal
Creekside
$325/mo
$175 to $448
41.4%
12 of 29 sales
Townhome
Lawn Care, Maintenance Grounds, Snow Removal, Sanitation
Lakefront Plaza
$407/mo
$352 to $510
37.9%
11 of 29 sales
Condo
Sanitation, Hazard Insurance, Professional Mgmt, Shared Amenities
Crystal Bay
$71/mo
$13 to $860
62.5%
10 of 16 sales
Single-family
Beach Access, Dock, Shared Amenities
Enclave at Cleary Lake
$23/mo
$23 to $29
42.1%
8 of 19 sales
Single-family
Professional Mgmt, Shared Amenities

Ownership Cost Questions, Answered With Data

Does the HOA fee include property taxes?

No. In Prior Lake (and everywhere in Minnesota) HOA dues and property taxes are separate bills. Dues go to the association for things like professional mgmt, sanitation, lawn care, snow removal; property taxes go to Scott County and fund the city, county and schools. Budget for both: a typical Prior Lake townhome recently sold for $365,000 with about $3,208 a year in taxes plus a $359/month association fee.

How much are HOA fees in Prior Lake?

Across all Prior Lake homes sold in the last 36 months, 42.6% had an association and the median fee was $290/month. It depends heavily on home type: townhomes median $359/month (middle half $300 to $440), condos $406/month, and the 23.7% of single-family homes with an HOA pay a median of $60/month, usually for common-area upkeep rather than exterior maintenance.

Which Prior Lake neighborhoods have HOAs?

Nearly every townhome and condo community, plus a growing share of newer single-family subdivisions. By recent sales the largest HOA communities are The Wilds, Deerfield, Jeffers Pond, Glynwater, Meadow View, Pike Lake Landing. The table on this page lists 20 Prior Lake communities with the median fee, the share of homes with dues, and what the fee usually covers.

What is the property tax rate in Prior Lake, MN?

Measured against recent sale prices, Prior Lake homeowners pay an effective rate of about 0.84% of value per year (median annual tax $3,958). Single-family homes ran about 0.87% (median $4,724), townhomes 0.89% (median $3,208). Actual bills depend on assessed value, homestead status and any special assessments; Scott County sets the levy and bills it.

What is the sales tax rate in Prior Lake, MN?

8.375% as of 2026: the 6.875% Minnesota state rate plus 0.5% Scott County transportation tax, 0.75% metro-area transportation tax and 0.25% metro-area housing tax. Prior Lake has no separate city sales tax. Real estate itself is not subject to sales tax in Minnesota; buyers pay a state deed tax and mortgage registry tax at closing instead.

Can you buy a home with owner financing or a contract for deed in Prior Lake?

Occasionally, but it is rare in this market: most Prior Lake sellers have a mortgage to pay off and take conventional, FHA, VA or cash offers. Contracts for deed do show up a few times a year, usually on unique properties or from long-time owners, and they are governed by Minnesota's contract-for-deed statutes (a 60-day cure period after default). If you need seller financing, tell me the price range and I will flag listings that allow it as they come on.

Are there condos in Prior Lake?

A few. Condo sales run about 12 a year, mostly in Tower Place and Lakefront Plaza near downtown and the Deerfield association, with a median recent price around $195,000 and a median association fee of $406/month. The townhome market is roughly ten times larger; see the Townhomes page for that data.

Talk to Mark

Thinking of selling? I'll pull the comps for your block.

I've worked in Prior Lake for 22 years. Give me your address and I'll tell you what your house is worth, what your street has done in the last 90 days, and what I'd list at. Takes about 20 minutes. No drip campaigns.

Mark Gores, RE/MAX Advantage Plus

I've been selling real estate in Prior Lake for 22 years. This dashboard pulls from the same MLS data I use every morning. If a number on here matters for a decision you're making, email me and I'll put it in context for your street.

Data source

NorthstarMLS via MLS Grid API, filtered to Prior Lake. Every metric on this site is computed from raw closed-sale and active-listing records. No Zillow estimates, no third-party models.

Updated Sep 22, 2026