Is Spring Park expensive?

Spring Park, MN

State	Minnesota
Population	1,906
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Spring Park, MN

State

Population

1,906

Compared to nearby areas, Spring Park is a little less expensive, and it's a lot more expensive compared to the rest of the country. Even when compared to the city of Minneapolis, it's substantially more expensive.

Home prices

Spring Park's median home value is $425,000. This is roughly $88,180 (17%) lower in comparison to its surrounding areas.It is approximately $207,500 (95%) higher in comparison to the United States as a whole, and in comparison to the city of Minneapolis is about $173,400 (68%) higher.

Orono

Tonka Bay

Shorewood

Minnetrista

Spring Park

Mound

Minneapolis

United States

Comparison of median Spring Park home price to nearby areas

Distribution of home prices for Spring Park and nearby areas

Rents

The median monthly rent in Spring Park is $1,075. It is roughly $689 (39%) lower compared to other places in this area.In comparison to the rest of the nation it is about $13 (1%) higher, and is approximately $48 (4%) higher in comparison to the city of Minneapolis.

Minnetrista

Tonka Bay

Shorewood

Orono

Spring Park

United States

Mound

Minneapolis

Comparison of median Spring Park rent to nearby areas

Distribution of rents for Spring Park and nearby areas

Nearby places

Mound

Mound is Spring Park's neighbor to the west. Its real estate prices are significantly less expensive. Mound's median home price is $261,300, which is $163,700 (62%) lower than Spring Park. The rent there is pretty similar. In Mound the median monthly rent is $1,040, which comes out to $35 (3%) lower than Spring Park.

Orono

Orono is Spring Park's neighbor to the northeast. Real estate prices there are substantially more expensive. Orono's median home price is $680,100, which is $255,100 (37%) higher than Spring Park. Rent there is somewhat more expensive. The median monthly rent in Orono is $1,460, which works out to $385 (26%) higher than Spring Park.

Tonka Bay

Tonka Bay is roughly 2 miles southeast from Spring Park. Its housing prices are a lot more expensive. The median home in Tonka Bay is valued at $661,400, which comes out to $236,400 (35%) higher than Spring Park. Its rents are substantially more expensive. The median rent in Tonka Bay is $1,667 a month, which works out to $592 (35%) higher than Spring Park.

Shorewood

Shorewood is about 2 miles southeast from Spring Park. Its real estate prices are a bit more expensive. The value of the median home in Shorewood is $485,300, which comes out to $60,300 (12%) higher than Spring Park. Rent there is a lot more expensive. In Shorewood the median monthly rent is $1,639, which comes out to $564 (34%) higher than Spring Park.

Minnetrista

Minnetrista is approximately 3 miles west of Spring Park. Housing prices there are somewhat more expensive. The median home in Minnetrista is valued at $477,800, which works out to $52,800 (11%) higher than Spring Park. Rents there are significantly more expensive. Minnetrista's median monthly rent is $3,016, which is $1,941 (64%) higher than Spring Park.