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Spring Park, MN

Full City Profile · Minnesota · Carver County County

2.2 /5.0
C Fair
1,869 Population 5,340/sq mi density
$46,860 Median Income $57,190 per capita
$598,400 Home Value $561,717 Zillow
$1,223 Median Rent 33.6% income on rent
45°F Avg Temperature 270 sunny days/yr
23 Violent Crime/100K 864 property/100K
C
Overall
2.2 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$46,860 median income, 3.9% unemployment
F
Affordability
1.0 / 5.0
$598,400 home value, $1,223/mo rent
F
Safety
1.0 / 5.0
23 violent crimes/100K
B
Education
3.5 / 5.0
30.7% bachelor's degree or higher

Housing Overview

Median Home Value
$598,400
112% above
US avg: $281,900
Median Rent
$1,223/mo
5% above
US avg: $1,163/mo
Homeownership Rate
22.3%
66% below US avg (65.4%)
Total Housing Units
1,296
Median year built: 1978

Home Value by Source

Census Median
$598,400
Zillow (ZHVI)
$561,717
Median Sale Price
$327,500
Median List Price
$275,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

22.3%
Owner-Occupied
77.7%
Renter-Occupied
22%
78%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent: $1,223/mo

Market Indicators (Redfin)

Median Days on Market
165 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
2
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$274
Active Inventory
12
homes for sale

Affordability & Housing Stock

Rent Burden
33.6%
of renters spending 30%+ of income on housing
8% above US avg (31.0%)
Median Year Built
1978
Average age of housing stock: 48 years
Homeownership Rate
22.3%

Complete Housing Data

Home Values

Census Median Value$598,400
Zillow Home Value (ZHVI)$561,717
Median Sale Price$327,500
Median List Price$275,000
Price Per Sq Ft$274

Rent

Census Median Rent$1,223
FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Days on Market165
Sale-to-List Ratio0.9%
Price Drops0.0%
Homes Sold2
Active Inventory12
Price Per Sq Ft$274

Ownership & Stock

Owner-Occupied22.3%
Renter-Occupied77.7%
Homeownership Rate22.3%
Total Housing Units1,296
Median Year Built1978
Rent Burden33.6%