Spring Park, MN 55384 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Spring Park, MN—55384

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$577,000

8.2% YoY Growth

Household Income

$46,900

9.4% YoY Growth

Days on Market

184

49.0% Longer YoY

Home Price Forecast

-1.4%

Median Rent

$1,420

40.8% YoY Growth

1-Bed Rent

$1,420

33.9% YoY Growth

2-Bed Rent

$1,300

5.1% YoY Growth

3-Bed Rent

$7,500

0.0% YoY Growth

Home Price Trends — Spring Park, MN

As of May '26, the median home price in Spring Park, MN is $577,000, with a year-over-year change of 8.2%. This indicates that home prices in Spring Park, MN are increasing. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$577,000	8.2%
Single Family	$719,000	3.3%
Condos	$501,000	10.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Spring Park, MN

As of July '25, Rentcast reports the average rent in Spring Park, MN is $2,760, with a year-over-year rent change of 40.8%. Per bedroom, the median rent as of July '25 in Spring Park, MN is 1-bedrooms: $1,660, 2-bedrooms: $1,300, 3-bedrooms: $7,500. The most common rental property sizes in Spring Park, MN are 2-bedroom and 1-bedroom, accounting for 47.3% and 46.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,420	$2,760
Studio Rent	N/A	N/A
1 Bed Rent	$1,420	$1,660
2 Bed Rent	$1,300	$1,300
3 Bed Rent	$7,500	$7,500
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

5.6%

1 Bedroom

46.2%

2 Bedrooms

47.3%

3 Bedrooms

0.9%

Property Listings — Spring Park, MN

As of May '26, Realtor.com reports that the median days on market for a home in Spring Park, MN is 184. This is a increase of 49.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$545,000	-36.0%
Listing Count	16	300.0%
Listings as % of Homes	0.3%	300.0%
Days on Market	184	49.0%

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Demographics — Spring Park, MN

As of the latest ACS Survey released in 2023, Spring Park, MN has a population of 1,870, which has increased by 2.2% over the past 5 years. Spring Park, MN is a less popular place for families, as children make up 5.5% of the population. The area has a moderately educated workforce, with 30.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,870	2.2%
% Under 18	5.5%	-43.9%
% Seniors	39.6%	15.5%
% WFH	5.9%	-47.3%
% w/ College Degree	30.7%	0.0%

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As of the latest ACS Survey released in 2023, Spring Park, MN is a predominantly white area, with 85.5% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Spring Park, MN is black, making up 7.6% of the population. Foreign-born residents account for 9.7% of the population in Spring Park, MN, and this percentage has increased by 185.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	85.5%	-6.0%
% Black	7.6%	123.5%
% Hispanic	0.9%	125.0%
% Asian	2.6%	188.9%
% Foreign Born	9.7%	185.3%

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Mortgage and Risk — Spring Park, MN

According to HUD data as of 2023, there were 67 mortgage originations in Spring Park, MN, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Spring Park, MN. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	67
% Conventional Loans	97.0%
% Government Loans	3.0%
% Investor Loans	4.0%
% Second Loans	9.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Spring Park, MN

Spring Park, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	7
Total Units Section 8	7
% Rentals under Section 8	0.7%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$150	$1,420	$1,270
2 Bedroom	$250	$1,300	$1,550
3 Bedroom	-$5,440	$7,500	$2,060
4 Bedroom	N/A	N/A	$2,310

Spring Park, MN—55384

Key Metrics at a Glance

Home Price Trends — Spring Park, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spring Park, MN

% of Rental Stock

Property Listings — Spring Park, MN

Demographics — Spring Park, MN

Race and Ethnicity

Mortgage and Risk — Spring Park, MN

Mortgages

Rentals and Section 8 — Spring Park, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Spring Park, MN

Home Price to Income Ratio

Spring Park, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Shorewood, MN

Mound, MN

Orono, MN

Victoria, MN

Woodland, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	10.3
Median Home Price	$577,000
Median Household Income	$46,900

Spring Park, MN—55384

Key Metrics at a Glance

Home Price Trends — Spring Park, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Spring Park, MN

% of Rental Stock

Property Listings — Spring Park, MN

Demographics — Spring Park, MN

Race and Ethnicity

Mortgage and Risk — Spring Park, MN

Mortgages

Rentals and Section 8 — Spring Park, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Spring Park, MN

Home Price to Income Ratio

Spring Park, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Shorewood, MN

Mound, MN

Orono, MN

Victoria, MN

Woodland, MN

Frequently Asked Questions

What is the average home price in Spring Park, MN 55384?

How have home prices in Spring Park, MN 55384 changed over the past year?

What is the home price projection for Spring Park, MN 55384?

What are the demographics of Spring Park, MN 55384?

How long does it take homes to sell in Spring Park, MN 55384?

What is the average rent price in Spring Park, MN 55384?