Spring Lake Park, MN is a bustling suburban area that is seeing steady growth in its housing market. The median value of homes in Spring Lake Park is currently $274,400, slightly lower than the US median house value of $338,100. Despite this disparity in median values, Spring Lake Park is experiencing a healthy rate of appreciation at 4.79% over the last year while the US housing market saw an appreciation of 8.27%. This indicates growth opportunities in the Spring Lake Park housing market for potential buyers and investors alike.
The median home cost in Spring Lake Park is $274,400. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Spring Lake Park is up 7.1%.
Average Age of Homes
- The median age of Spring Lake Park real estate is 47 years old
The Rental Market in Spring Lake Park
- Renters make up 28.9% of the Spring Lake Park population
- 0.0% of houses and apartments in Spring Lake Park, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.