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These days, finding an affordable place to live in the Spring Lake Park area can be challenging. Home prices in Spring Lake Park are now at a median cost of $299,212, lower than the Minnesota average of $345,793.
The average cost of rent is $1,445/mo in Spring Lake Park, primarily driven by the current value of real estate in the Spring Lake Park area. In Spring Lake Park, 29.67% of households rent, and 31.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spring Lake Park is $7,696 per month. Households that rent pay about 18.78% of their income on rent here. Spring Lake Park’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mounds View, MN: equally priced homes
- Fridley, MN: equally priced homes
- Lexington, MN: less expensive homes
- New Brighton, MN: higher priced homes
- Blaine, MN: higher priced homes
- Hilltop, MN: less expensive homes
- Brooklyn Center, MN: equally priced homes
- Columbia Heights, MN: equally priced homes
- Brooklyn Park, MN: higher priced homes
- Circle Pines, MN: higher priced homes
Cities with Similar Populations
- Carrollton, KY: less expensive homes
- Brunswick, MD: higher priced homes
- Brush, CO: equally priced homes
- Burgaw, NC: less expensive homes
- Burns, TN: higher priced homes
- California, MO: less expensive homes
- Calistoga, CA: higher priced homes
- Calverton, NY: higher priced homes
- Cannon Falls, MN: equally priced homes
- Carlinville, IL: less expensive homes
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