What percentage of people rent in Spring Park, MN?

Name: Renters and owners in Spring Park, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

75.1% (±7.8 points) of the occupied homes in Spring Park, MN are rented (2020–2024 American Community Survey).

That is 928 renting households against 307 that own their home.

In Spring Park, the share of households that rent went from 77.5% in 2015–2019 to 75.1% in 2020–2024 (−2.4 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 75.1% (±7.8 points)
Renting households: 928 (±213)
Median renter income: $41,637 (±$5,342)

Who rents and who owns in Spring Park

Tenure, estimate (90% margin of error)
	Spring Park	Hennepin County	Minnesota	United States
Renter-occupied share	75.1% (±7.8 points)	37.3% (±0.4 points)	27.8% (±0.2 points)	34.8%
Renting households	928 (±213)	201,230 (±2,434)	641,268 (±4,528)	45,017,354
Owning households	307 (±89)	338,263 (±2,240)	1,666,687 (±7,556)	84,210,142
Average renter household size	1.4 (±0.2)	2.0 (±0.0)	2.0 (±0.0)	2.3
Average owner household size	1.7 (±0.3)	2.5 (±0.0)	2.6 (±0.0)	2.6
Median renter household income	$41,637 (±$5,342)	$59,890 (±$1,200)	$51,080 (±$531)	$52,966
Median owner household income	$117,188 (±$84,514)	$130,886 (±$1,463)	$108,214 (±$476)	$100,009

In Spring Park, the renter share is higher than in Hennepin County (37.3%).

It is also higher than in Minnesota (27.8%).

It is higher than the national figure (34.8%).

In Hennepin County, Spring Park ranks 1 of 42 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 2 of 2,628.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Spring Park has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	77.5% (±4.6 points)	75.1% (±7.8 points)	−2.4 percentage points	Not a measurable change
Median gross rent	$1,075 (±$70)	$1,241 (±$163)	+15.4%	No measurable change after inflation
Median household income	$50,678 (±$4,026)	$48,315 (±$11,872)	−4.7%	Down after inflation

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.

Households that rent in places near Spring Park

Nearest places with a published estimate, compared with Spring Park
Place	Distance	Households that rent	Compared with this place
Spring Park	—	75.1% (±7.8 points)	—
Mound	1.4 mi	25.0% (±6.4 points)	Lower
Village of Minnetonka Beach	2.1 mi	3.3% (±3.6 points)	Lower
Tonka Bay	2.6 mi	18.6% (±6.9 points)	Lower
Orono	2.7 mi	9.1% (±3.5 points)	Lower
Shorewood	2.9 mi	6.8% (±2.4 points)	Lower
Excelsior	3.9 mi	51.7% (±9.6 points)	Lower
Minnetrista	4.0 mi	2.2% (±1.7 points)	Lower
Greenwood	4.0 mi	10.2% (±5.9 points)	Lower

Nearby places with a measurably lower figure: Mound, MN (25.0%), Village of Minnetonka Beach, MN (3.3%), Tonka Bay, MN (18.6%).

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

Households that rent across Hennepin County, place by place

Rank	Place	Households that rent
1	Spring Park	75.1% (±7.8 points)
2	Hopkins	63.5% (±4.1 points)
3	Osseo	56.0% (±7.4 points)
4	Minneapolis	52.3% (±0.8 points)
5	Excelsior	51.7% (±9.6 points)
6	New Hope	47.4% (±3.3 points)
7	St. Louis Park	42.2% (±1.9 points)

Showing 7 of 42 places in Hennepin 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 Spring Park

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).

Is renting growing in Spring Park?

In Spring Park, the share of households that rent went from 77.5% in 2015–2019 to 75.1% in 2020–2024 (−2.4 percentage points), not a measurable change.

How big are renting households in Spring Park?

A renting household in Spring Park has 1.4 people on average, against 1.7 in an owned home.

How much do renters earn in Spring Park?

The median renting household in Spring Park, MN has an income of $41,637 (±$5,342) a year, against $117,188 for households that own their home.

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.