Rental market snapshot for Spring Park, Minnesota

Spring Park, Minnesota Rental Property Market Overview

Spring Park, Minnesota is a small city located in Hennepin County, with a population of 1,684 as of 2021, according to the US Census. It is situated on the shores of Lake Minnetonka, offering a variety of outdoor activities such as fishing, boating, and swimming. The city is also home to a variety of shops and restaurants, as well as a number of parks and trails. Spring Park is a great place to live, work, and play.

The average rent for an apartment in Spring Park is $1,775. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 17.9% over the past year.

Last Updated April 22, 2023

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Average monthly rent graph in Spring Park Minnesota | Cost of Living

  • The most expensive ZIP code in Spring Park is 55384 with an average price of $965
  • The cheapest ZIP code in Spring Park is 55384 with an average price of $965

Spring Park ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
155384$965

Live near Spring Park, Minnesota's Top Sights and Attractions

Spring Park Bay Boat Landing is a scenic spot located on the shores of Lake Minnetonka. It features a boat launch, a fishing pier, and a picnic area with grills and tables. Visitors can enjoy the stunning views of the lake and the surrounding area, as well as take part in a variety of recreational activities such as fishing, boating, and swimming. The boat landing also provides access to a variety of trails and paths, making it a great spot for a leisurely stroll or a more strenuous hike.

Wilkes Park is a large, lush green space located in a small town. It features a variety of outdoor activities, including walking trails, a playground, a basketball court, and a picnic area. The park also has a large pond with a dock, where visitors can fish or take a leisurely boat ride. In the summer, the park hosts a variety of events, such as concerts, festivals, and outdoor movie screenings. Wilkes Park is a great place to spend a day outdoors with family and friends.

Thor Thompson Park is a beautiful outdoor recreation area located in a picturesque wooded area. It features a large lake, a playground, a picnic area, and plenty of trails for walking, biking, and running. The park also has a disc golf course, a sand volleyball court, and a basketball court. The lake is stocked with fish, and visitors can rent canoes and kayaks to explore the area. The park is a great place to spend a day outdoors, enjoying the fresh air and natural beauty of the area.

Spring Park, Minnesota area median rent change by ZIP code map

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How does Spring Park compare to other cities in Minnesota ?

citymedian price
South Saint Paul$1,665
Fridley$1,945
Anoka$1,695
Moorhead$695
Arden Hills$2,135
Saint Bonifacius$1,877
Inver Grove$1,586
Robbinsdale$1,639
Plymouth$1,845

Average household income in Spring Park area graph - US Census

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The median household income in Spring Park in 2021 was $47,117. This represents a 11.1% change from 2011 when the median was $42,393.

#categorypercent
0Less than $10,0001.7%
1$10,000 to $14,9996.9%
2$15,000 to $19,9992.2%
3$20,000 to $24,9994.7%
4$25,000 to $29,9994.7%
5$30,000 to $34,99912.2%
6$35,000 to $39,9995.8%
7$40,000 to $44,9999.0%
8$45,000 to $49,9993.2%
9$50,000 to $59,99911.5%
10$60,000 to $74,9997.5%
11$75,000 to $99,99910.1%
12$100,000 to $124,9993.6%
13$125,000 to $149,9991.7%
14$150,000 to $199,9998.5%
15$200,000 or more6.4%

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of March , the average rent in Spring Park is $1,775.
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