Zip 55384 (Spring Park, MN) Housing

The housing median value in 55384 Spring Park, MN is $527,600, which is significantly higher than the US house median value of $338,100. In the past year, the US house appreciation was 8.27%, while the house appreciation in Spring Park was 6.82%. This shows that while the appreciation rate has been slightly lower than the national average in Spring Park over the last year, it still remains a desirable location for purchasing property due to its higher median value compared to the rest of the country.

The median home cost in Spring Park (zip 55384) is $527,600. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Spring Park (zip 55384) is up 11.0%.

Average Age of Homes

- The median age of Spring Park (zip 55384) real estate is 41 years old

The Rental Market in Spring Park (zip 55384)

- Renters make up 68.1% of the Spring Park (zip 55384) population
- 1.8% of houses and apartments in Spring Park (zip 55384), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Spring Park, Minnesota	United States
	1,316.0	139,647,020.0
	43	42
	$527,600	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$9.96	$10.98
	$5,346	$2,690
	19.4%	57.4%
	6.4%	11.2%
	74.2%	31.4%
Vacant Housing
	1.8%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	2.7%	3.6%
	1.8%	4.1%
Value of Owner-Occupied Housing
	2.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	2.0%	3.9%
	0.0%	4.5%
	2.0%	11.3%
	2.0%	13.0%
	13.7%	20.1%
	9.0%	13.6%
	16.1%	8.3%
	22.7%	9.7%
	22.7%	3.9%
	3.1%	2.2%
	4.7%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.2%	13.6%
	13.2%	13.6%
	6.4%	13.6%
	23.1%	13.2%
	25.5%	14.8%
	6.4%	13.6%
	5.5%	10.0%
	1.3%	4.7%
	5.9%	12.2%

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