Housing data for Spring Park, MN
Spring Park, MN has an estimated 1,896 residents and 1,338 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Hennepin County.
75.1% of households rent.
The median gross rent is $1,241 a month.
Figures last updated on .
- Residents
- 1,896 (±307)
- Housing units
- 1,338 (±209)
- Households that rent
- 75.1%
- Median gross rent
- $1,241
- Residents since 2015–2019
- −0.5%
What stands out in Spring Park
Households that rent: 75.1% (±7.8 points) in Spring Park, higher than in Hennepin County (37.3%).
Homes in buildings of 5 or more units: 73.0% (±9.4 points) in Spring Park, higher than in Hennepin County (33.9%).
Median home value: $661,600 (±$182,159) in Spring Park, higher than in Hennepin County ($392,900).
Median household income: $48,315 (±$11,872) in Spring Park, lower than in Hennepin County ($97,653).
- Renters and owners in Spring Park
- Types of homes in Spring Park
- Home values in Spring Park
- Income and affordability in Spring Park
Housing in Spring Park at a glance
- Median rent: $1,241 median gross rent a month
- Rent by bedrooms: $1,510 median gross rent, 2 bedrooms
- Rent burden: 64.2% of renters pay 30% or more of income
- Renters and owners: 75.1% of households rent
- Income and affordability: $48,315 median household income
- Home values: $661,600 median home value
- Homeowner costs: $3,569 median monthly cost with a mortgage
- Property taxes: $5,484 median real estate taxes a year (Small sample: wide margin of error)
- Types of homes: 73.0% of homes are in buildings of 5 or more units
- Bedrooms: 16.6% of homes have 3 or more bedrooms
- Age of homes: 53.2% of homes were built before 1980
- Vacancy rate: 4.0% rental vacancy rate
- Heating fuel: 48.9% heat with utility gas
- Commute and cars: 20.9 minutes average trip to work
- Growth: −0.5% residents since 2015–2019
- How long people stay: 31.5% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Spring Park against Hennepin County, its state and the nation
| Spring Park | Hennepin County | Minnesota | United States | |
|---|---|---|---|---|
| Residents | 1,896 (±307) | 1,269,496 (exact) | 5,739,445 (exact) | 334,922,499 |
| Housing units | 1,338 (±209) | 571,527 (±186) | 2,545,030 (±1,535) | 143,775,355 |
| Households that rent | 75.1% (±7.8 points) | 37.3% (±0.4 points) | 27.8% (±0.2 points) | 34.8% |
| Median gross rent | $1,241 (±$163) | $1,487 (±$14) | $1,280 (±$7) | $1,413 |
| Median household income | $48,315 (±$11,872) | $97,653 (±$1,190) | $89,062 (±$409) | $80,734 |
| Median home value | $661,600 (±$182,159) | $392,900 (±$2,254) | $329,300 (±$903) | $332,700 |
| Median real estate taxes (a year) | $5,484 (±$2,765) | $4,480 (±$26) | $3,357 (±$10) | $3,119 |
| Built before 1980 | 53.2% (±10.5 points) | 59.8% (±0.7 points) | 52.1% (±0.3 points) | 49.7% |
| Average commute | 20.9 minutes (±4.0) | 21.9 minutes (±0.2) | 22.7 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 80.9% (±8.0 points) | 92.8% (±0.3 points) | 91.6% (±0.1 points) | 91.0% |
| Median age of residents | 57.0 years (±3.3) | 37.6 years (±0.1) | 38.8 years (±0.1) | 38.9 years |
Spring Park covers 0.4 square miles of land, about 5,371 residents per square mile (Census Bureau Gazetteer).
How Spring Park has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,906 (±204) | 1,896 (±307) | −0.5% | Not a measurable change |
| Housing units | 1,205 (±91) | 1,338 (±209) | +11.0% | Not a measurable change |
| Median gross rent | $1,075 (±$70) | $1,241 (±$163) | +15.4% | No measurable change after inflation |
| Median home value | $425,000 (±$85,389) | $661,600 (±$182,159) | +55.7% | No measurable change after inflation |
| Median household income | $50,678 (±$4,026) | $48,315 (±$11,872) | −4.7% | Down after inflation |
| Median owner cost with a mortgage | $2,000 (±$437) | $3,569 (±$1,525) | +78.5% | No measurable change after inflation |
| Median real estate taxes | $4,382 (±$840) | $5,484 (±$2,765) | +25.1% | No measurable change after inflation |
| Households that rent | 77.5% (±4.6 points) | 75.1% (±7.8 points) | −2.4 percentage points | Not a measurable change |
| Rental vacancy rate | 2.4% (±2.8 points) | 4.0% (±4.0 points) | +1.6 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Hennepin County
Spring Park has no police department of its own in the FBI’s figures, so this is the figure for Hennepin County as a whole.
In 2025, the police departments that report for Hennepin County recorded 448 violent and 2,575 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Spring Park
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 55384 | 100% | 1,896 | $1,241 | $661,600 | $48,315 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Spring Park
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Mound | 1.4 mi | $1,098 | $370,800 | 25.0% |
| Village of Minnetonka Beach | 2.1 mi | — | $2,000,000 or more | 3.3% |
| Tonka Bay | 2.6 mi | $2,320 | $917,100 | 18.6% |
| Orono | 2.7 mi | $1,818 | $1,004,500 | 9.1% |
| Shorewood | 2.9 mi | $1,607 | $703,200 | 6.8% |
| Excelsior | 3.9 mi | $1,143 | $909,200 | 51.7% |
| Minnetrista | 4.0 mi | $3,500 or more | $658,300 | 2.2% |
| Greenwood | 4.0 mi | $1,885 | $1,240,400 | 10.2% |
Places in Minnesota most like Spring Park
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Hopkins | $1,468 | $375,600 | $75,234 | 63.5% |
| Oak Park Heights | $1,443 | $354,800 | $82,476 | 53.6% |
| Osseo | $1,333 | $306,500 | $62,119 | 56.0% |
| Lilydale | $2,362 | $404,800 | $89,583 | 43.8% |
| Minneapolis | $1,371 | $362,200 | $80,846 | 52.3% |
| Warroad | $721 | $216,900 | $50,625 | 55.8% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Minnesota.
HUD Fair Market Rent for Spring Park, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,265 | $1,427 | $1,734 | $2,264 | $2,538 |
HUD income limits for Spring Park, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $27,650 | $46,050 | $73,650 |
| 2 people | $31,600 | $52,600 | $84,200 |
| 3 people | $35,550 | $59,200 | $94,700 |
| 4 people | $39,450 | $65,750 | $105,200 |
| 5 people | $42,650 | $71,050 | $113,650 |
| 6 people | $45,800 | $76,300 | $122,050 |
| 7 people | $50,040 | $81,550 | $130,450 |
| 8 people | $55,720 | $86,800 | $138,900 |
These are the limits HUD sets for its housing programs in the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $131,500.
A program can use its own limits; tax-credit and local programs often do.
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 Spring Park
What is the average rent in Spring Park, MN?
The Census Bureau publishes the median rather than the average: the median gross rent in Spring Park is $1,241 (±$163) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Spring Park?
The median gross rent for a one-bedroom home in Spring Park, MN is $1,072 (±$204) a month (2020–2024 American Community Survey).
Are renters in Spring Park rent-burdened?
64.2% of renting households in Spring Park pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Spring Park?
Spring Park has an estimated 928 (±213) renting households, 75.1% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Spring Park?
The median household income in Spring Park is $48,315 (±$11,872) a year (2020–2024 American Community Survey).
What is the average home value in Spring Park, MN?
The Census Bureau publishes the median: $661,600 (±$182,159) for owner-occupied homes in Spring Park (2020–2024 American Community Survey).
Is Spring Park growing?
In Spring Park, the number of residents went from 1,906 in 2015–2019 to 1,896 in 2020–2024 (−0.5%), not a measurable change.
What ZIP codes are in Spring Park?
The ZIP code that covers Spring Park is 55384.
What is the median rent in ZIP code 55384?
The median gross rent in ZIP Code Tabulation Area 55384 is $1,241 (±$163) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Spring Park city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Spring Park city, Minnesota
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Spring Park city, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Spring Park city, Minnesota
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Spring Park city, Minnesota
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Spring Park city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Spring Park city, Minnesota
- HUD Fair Market Rents, fiscal year 2027: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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 Spring Park city, Minnesota (place:62014, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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.
Figures last updated on .