Spring Park, Minnesota.
Typical home $586,007 (+5.4% in a year). Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$1,534 (+99%) since Jan 2020.
- 1 year
- Up $30,001 +5%
- $556,006$586,007 since Sep 2025
- 5 years
- Up $84,438 +17%
- $501,570$586,007 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Spring Park$3,076
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 22 years.
Typical home values in Spring Park, MN rose 5.4% over the past year — faster than the nation's +1.2%.
Living in Spring Park, Hennepin County, Minnesota
Spring Park is a city of 1,734 people in Hennepin County. Half its households earn more than $48,315 a year and half less, against $97,653 across Hennepin County; 9% of its people live below the poverty line. 25% of its homes are lived in by their owners and 75% are rented. Unemployment in Hennepin County was 4.6% in August 2026, and the county had 0.2% more jobs in 2025 than the year before. The most people in Hennepin County work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 24 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Spring Park is a small city in Hennepin County, on the shore of Lake Minnetonka. Its residents are older than in most places, and most of its homes are rented rather than lived in by their owners, which is the opposite of the pattern across the county. Incomes run well below the county's, though homes here are valued highly. Winters are cold and snowy, with January the coldest month, and summers are warm, with July the warmest and a fair amount of rain through the year.
Work. Residents work mostly in schools, hospitals and social care, followed by professional and business services, manufacturing and shops. Across Hennepin County, some of the largest workplaces are the University of Minnesota-Twin Cities, Hennepin County itself and Target. Unemployment across the county is a little higher than a year ago, and the number of jobs has stayed close to level. A typical commute is a modest one, and few people work from home.
Things to do. Lake Minnetonka is a short drive away, and it is the nearest of the places on offer for time by the water. A longer drive brings you to the Minneapolis Institute of Art, a museum, and to Target Field, a stadium. Saint Anthony Falls, a waterfall on the Mississippi, is also a longer drive away.
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- 1,235households
- 32%of adults have a degree
- 9%below the poverty line
- 21 mintypical commute
- 7%work from home
What people in Hennepin County work in
Employed residents by industry, from the Census survey. Hennepin County had 919,062 jobs in 2025, 0.2% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 22° and lows near 6°; warmest in July, with highs near 81° and lows near 62°. About 55 inches of snow and 33 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Chanhassen Wsfo weather station, 7 miles away (NOAA).
Largest workplaces in Hennepin County
- University of Minnesota-Twin CitiesUniversity or college19,735
- Hennepin CountyGeneral government9,367
- TargetDiscount department stores8,437
- Delta Air Lines - MSPScheduled air transportation6,332
- Boston ScientificCatheters manufacturing5,837
- University of Minnesota Medical CTRGeneral hospital5,810FTE
- Hennepin County Medical CenterGeneral hospital5,644FTE
- Target Northern CampusDiscount department stores5,280
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 2,069 workplaces with 20 or more staff, 394,099 people in all across the county; Spring Park has two of its own. Colleges come from IPEDS (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HailRelatively high
- Cold wavesRelatively high
- TornadoesRelatively high
- Heat wavesRelatively moderate
- Strong windRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Spring Park’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Hennepin County and the Minneapolis-St. Paul-Bloomington, MN-WI metro.
Spring Park home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Spring Park$586,007
- Minnesota$348,778
- United States$366,157
Sellers are cutting prices on about 1 in 6 Spring Park listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Spring Park16.17%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Spring Park20
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Spring Park address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Spring Park — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.