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Spring Park, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,896
Population
$48,315
Median Income
$661,600
Home Value
57.0
Median Age

Demographics

Spring Park has a population of 1,896 with a median age of 57.0. Here is the racial and ethnic breakdown of the population:

White
86.3%
Black
8.2%
Hispanic
4.0%
Asian
1.6%
Demographic Value
Total Population1,896
Median Age57.0
White86.3%
Black or African American8.2%
Asian1.6%
Hispanic or Latino4.0%
Spring Park, Minnesota — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 86.2%Black: 8.2%Hispanic/Latino: 4.0%Other: 1.6%1,896PopulationWhiteWhite86.2%BlackBlack8.2%Hispanic/LatinoHispanic/Latino4.0%OtherOther1.6%

Income & Economy

The median household income in Spring Park is $48,315, which is 40.1% below the national median of $80,610. The per capita income is $57,369. The poverty rate is 9.0%.

$48,315
Median Household Income
$57,369
Per Capita Income
9.0%
Poverty Rate

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Education

In Spring Park, 95.2% of residents age 25+ have a high school diploma or higher, and 31.8% hold a bachelor's degree or higher (10.3% with a graduate or professional degree).

HS Diploma+
95.2%
Bachelor's+
31.8%
Graduate+
10.3%
Education Level % of Adults (25+)
High School Diploma or Higher95.2%
Bachelor's Degree or Higher31.8%
Graduate or Professional Degree10.3%

Housing

The median home value in Spring Park is $661,600, above the national median of $303,400. The median monthly rent is $1,241. The homeownership rate is 24.9%.

$661,600
Median Home Value
$1,241/mo
Median Rent
24.9%
Homeownership Rate
Housing Metric Value
Median Home Value$661,600
Median Monthly Rent$1,241
Homeownership Rate24.9%
Vacancy Rate7.7%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of Spring Park, Minnesota?
The population of Spring Park, Minnesota is 1,896 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Spring Park, Minnesota?
The median household income in Spring Park, Minnesota is $48,315. This is 40.1% below the national median of $80,610.
What is the median home value in Spring Park, Minnesota?
The median home value in Spring Park, Minnesota is $661,600. The median monthly rent is $1,241.
What percentage of people in Spring Park have a college degree?
In Spring Park, Minnesota, 31.8% of adults age 25 and older hold a bachelor's degree or higher, and 95.2% have a high school diploma or higher.
Is Spring Park, Minnesota an affordable place to live?
The home price-to-income ratio in Spring Park, Minnesota is 13.7x (median home value $661,600 vs. median income $48,315), making it relatively expensive by that measure. A ratio under 4.0 is generally considered affordable.

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