Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 58.2 yrs |
|---|---|
| Avg HH Size | 1.42 |
| Below Poverty | 7.2% ▼ 28% below avg |
| College Grads | 47.8% ▲ 23% above avg |
| Unemployment | 6.9% ▲ 40% above avg |
| No HS Diploma | 8 (0.5%) |
| HS Graduate | 486 (30.9%) |
| Some College | 143 (9.1%) |
| Associates | 184 (11.7%) |
| Bachelors | 252 (16%) |
| Graduate Degree | 499 (31.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $46,860 ▼ 39% below avg |
|---|---|
| Median Home Value | $598,400 ▲ 115% above avg |
| Home/Income Ratio | 12.8x (nat avg ~3.5x) |
| Median Rent | $1,223/mo |
| Total Housing Units | 1,318 |
| Vacant Units | 80 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Spring Park is a city in Minnesota, located in Hennepin County. The city spans 1 ZIP code and is home to approximately 1,869 residents. It is an older city, with a median age of 58.2 years.
Economically, Spring Park is a working-class community. The median household income of $46,860 is below the national average. Approximately 7.2% of residents live below the poverty line. The unemployment rate is 6.9%, above the national average.
The real estate market in Spring Park is a premium housing market. Median home values stand at $598,400, which is more than double the national average. Renters typically pay around $1,223 per month. At 22.3% owner-occupied, renters make up the majority — common in urban or college-town settings.
The population of Spring Park is well-educated. 47.8% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (85.5%).
Spring Park, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55384 | 1,869 | $46,860 | $598,400 | $1,223 | 6.9% | 47.8% | 22.3% |