Prairie Lake, Lakeville, MN
Prairie Lake — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Prairie Lake, Lakeville, Minnesota. Explore the cited sources and local facts below while agent underwriting continues.
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Prairie Lake Neighborhood Overview
Prairie Lake is a residential neighborhood in Lakeville, Minnesota, offering a serene suburban lifestyle. The community is characterized by its namesake lake, newer construction homes, and family-friendly atmosphere. Its location within the 55044 ZIP code provides a balance of peaceful living with convenient access to urban amenities.
Lifestyle & Amenities
Residents enjoy a lifestyle centered around outdoor recreation and community parks. The neighborhood provides easy access to Lakeville's extensive network of trails, sports facilities, and shopping centers. Daily conveniences and dining options are readily available along nearby major thoroughfares.
Real Estate Market
The Prairie Lake real estate market is active and desirable, with homes selling quickly. The median home value is $433,800, with a price per square foot around $187.91, and properties typically spend only about 7 days on the market, reflecting high demand.
Schools & Education
Families in Prairie Lake are served by the highly regarded Lakeville Area Public Schools district. The neighborhood is zoned for a selection of elementary, middle, and high schools known for strong academic programs. The high median household income of $133,085 often correlates with strong community support for education.
Transportation & Connectivity
The neighborhood is well-connected via major roads like Interstate 35 and County Road 50. This provides straightforward commutes to the Twin Cities metro area and surrounding suburbs. Residents also benefit from proximity to local transit options and the Minneapolis-Saint Paul International Airport.
Why Choose Prairie Lake
Prairie Lake appeals to those seeking a stable, high-ownership community with a high quality of life. With an 87% homeownership rate and strong market indicators, it represents a sound investment in a family-oriented suburb. The combination of natural beauty, excellent schools, and economic stability makes it a premier choice in the south metro.
Prairie Lake Market Data
| Metric | Value |
|---|---|
| Median Home Price | $434K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $133K |
| Homeownership Rate | 87.4% |
| Renter-Occupied | 12.7% |
| Rental Vacancy Rate | 4.0% |
| Market Type | Balanced |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 55044 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 148,162 |
| VA Loan Originations | 5,773 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $316K |
| Conventional Loan Originations | 131,728 |
| FHA Loan Originations | 10,661 |
Top Real Estate Agents in Prairie Lake, Lakeville
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Prairie Lake, Lakeville, MN. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Minnesota Department of Commerce — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-13