What is the rental vacancy rate in Spring Park, MN?

The rental vacancy rate in Spring Park, MN is 4.0% (±4.0 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 0.0% (±6.7 points).

103 (±56) homes, 7.7% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Spring Park, the rental vacancy rate went from 2.4% in 2015–2019 to 4.0% in 2020–2024 (+1.6 percentage points), not a measurable change.

Figures last updated on .

Rental vacancy rate
4.0% (±4.0 points)
Homeowner vacancy rate
0.0% (±6.7 points)
Vacant homes
103 (±56)

Vacancy in Spring Park against Hennepin County, its state and the nation

Estimate (90% margin of error)
Spring ParkHennepin CountyMinnesotaUnited States
Rental vacancy rate4.0% (±4.0 points)5.9% (±0.5 points)5.3% (±0.3 points)5.5%
Homeowner vacancy rate0.0% (±6.7 points)0.6% (±0.1 points)0.6% (±0.1 points)0.9%
Vacant housing units103 (±56)32,034 (±1,888)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 Spring Park, the rental vacancy rate is not measurably different from Hennepin County (5.9%).

It is not measurably different from Minnesota (5.3%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Spring Park

Nearest places with a published estimate, compared with Spring Park
PlaceDistanceRental vacancy rateCompared with this place
Spring Park—4.0% (±4.0 points)—
Mound1.4 mi6.1% (±6.4 points)Not measurably different
Village of Minnetonka Beach2.1 mi0.0% (±100.0 points)Not measurably different
Tonka Bay2.6 mi0.0% (±18.8 points)Not measurably different
Orono2.7 mi0.0% (±7.7 points)Not measurably different
Shorewood2.9 mi3.8% (±6.1 points)Not measurably different
Excelsior3.9 mi0.0% (±3.4 points)Not measurably different
Minnetrista4.0 mi0.0% (±28.5 points)Not measurably different
Greenwood4.0 mi0.0% (±43.6 points)Not measurably different

None of the nearby places differs measurably from this one on this figure.

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

Rental vacancy rate across Hennepin County, place by place

RankPlaceRental vacancy rate
12 (tie)Minnetonka5.6% (±2.6 points)
14New Hope5.4% (±2.4 points)
15Bloomington5.2% (±1.8 points)
16 (tie)Brooklyn Center5.1% (±3.2 points)
16 (tie)Plymouth5.1% (±2.2 points)
18 (tie)Brooklyn Park4.0% (±2.6 points)
18 (tie)Spring Park4.0% (±4.0 points)
20 (tie)Richfield3.8% (±2.3 points)
20 (tie)Shorewood3.8% (±6.1 points)
22Hopkins3.1% (±2.4 points)
23Robbinsdale2.8% (±3.0 points)
24 (tie)Maple Grove2.4% (±2.0 points)
24 (tie)Osseo2.4% (±3.8 points)

Showing 13 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

Is it hard to find a rental in Spring Park?

The rental vacancy rate in Spring Park, MN is 4.0% (±4.0 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 Spring Park tighter than it was?

In Spring Park, the rental vacancy rate went from 2.4% in 2015–2019 to 4.0% in 2020–2024 (+1.6 percentage points), not a measurable change.

How many homes are vacant in Spring Park?

An estimated 103 (±56) housing units, 7.7% 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 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_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.

Figures last updated on .

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