What is the rental vacancy rate in Prior Lake, MN?

Name: Vacancy rate in Prior Lake, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The rental vacancy rate in Prior Lake, MN is 0.9% (±1.2 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 0.0% (±0.3 points).

381 (±184) homes, 3.7% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Prior Lake, the rental vacancy rate went from 1.6% in 2015–2019 to 0.9% in 2020–2024 (−0.7 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Rental vacancy rate: 0.9% (±1.2 points)
Homeowner vacancy rate: 0.0% (±0.3 points)
Vacant homes: 381 (±184)

Vacancy in Prior Lake against Scott County, its state and the nation

Estimate (90% margin of error)
	Prior Lake	Scott County	Minnesota	United States
Rental vacancy rate	0.9% (±1.2 points)	3.1% (±1.8 points)	5.3% (±0.3 points)	5.5%
Homeowner vacancy rate	0.0% (±0.3 points)	0.7% (±0.5 points)	0.6% (±0.1 points)	0.9%
Vacant housing units	381 (±184)	1,700 (±379)	237,075 (±4,795)	14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Prior Lake, the rental vacancy rate is lower than in Scott County (3.1%).

It is also lower than in Minnesota (5.3%).

It is lower than the national figure (5.5%).

Rental vacancy rate in places near Prior Lake

Nearest places with a published estimate, compared with Prior Lake
Place	Distance	Rental vacancy rate	Compared with this place
Prior Lake	—	0.9% (±1.2 points)	—
Shakopee	3.6 mi	5.9% (±3.7 points)	Higher
Spring Lake Township	4.3 mi	0.0% (±18.7 points)	Not measurably different
Savage	4.4 mi	0.6% (±1.0 points)	Not measurably different
Jackson Township	4.8 mi	0.0% (±47.5 points)	Not measurably different
Credit River	5.4 mi	0.0% (±35.3 points)	Not measurably different
Louisville Township (Scott County)	6.7 mi	0.0% (±59.8 points)	Not measurably different
Burnsville	8.4 mi	2.4% (±1.5 points)	Not measurably different
Sand Creek Township	8.4 mi	6.0% (±8.2 points)	Not measurably different

Nearby places with a measurably higher figure: Shakopee, MN (5.9%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Scott County, place by place

Rank	Place	Rental vacancy rate
1	Sand Creek Township	6.0% (±8.2 points)
2	Shakopee	5.9% (±3.7 points)
3	Prior Lake	0.9% (±1.2 points)
4	Savage	0.6% (±1.0 points)
5 (tie)	Belle Plaine	0.0% (±5.2 points)
5 (tie)	Credit River	0.0% (±35.3 points)
5 (tie)	Elko New Market	0.0% (±26.9 points)
5 (tie)	Jordan	0.0% (±5.4 points)
5 (tie)	New Prague	0.0% (±3.1 points)

Showing 9 of 18 places in Scott County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Prior Lake

Is it hard to find a rental in Prior Lake?

The rental vacancy rate in Prior Lake, MN is 0.9% (±1.2 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Prior Lake tighter than it was?

In Prior Lake, the rental vacancy rate went from 1.6% in 2015–2019 to 0.9% in 2020–2024 (−0.7 percentage points), not a measurable change.

How many homes are vacant in Prior Lake?

An estimated 381 (±184) housing units, 3.7% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Prior Lake city, Minnesota (place:52594, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.