Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Spring Park area can be challenging. Home prices in Spring Park are now at a median cost of $536,600, higher than the Minnesota average of $269,934.
The average cost of rent is $1,136/mo in Spring Park, primarily driven by the current value of real estate in the Spring Park area. While nearly 34.12% of residents own their homes outright in Spring Park, 79.30% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spring Park is $3,926 per month. Households that rent pay about 28.93% of their income on rent here. Spring Park's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Mound, MN: less expensive homes
- Minnetonka Beach, MN: higher priced homes
- Tonka Bay, MN: higher priced homes
- Orono, MN: higher priced homes
- Minnetrista, MN: less expensive homes
- Excelsior, MN: higher priced homes
- Shorewood, MN: equally priced homes
- Greenwood, MN: higher priced homes
- Long Lake, MN: equally priced homes
- Maple Plain, MN: less expensive homes
Cities with Similar Populations
- Springridge, LA: less expensive homes
- Harpersville, AL: less expensive homes
- Hidden Hills, CA: higher priced homes
- Hurleyville, NY: less expensive homes
- Joshua, FL: less expensive homes
- Kenwood, CA: higher priced homes
- Kimbolton, OH: less expensive homes
- Kings Mills, OH: less expensive homes
- Knik, AK: less expensive homes
- Kossuth, MS: less expensive homes
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