Market Overview
Home Prices in Spring Park, MN
The median home value in Spring Park, MN is $594,815 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.1% compared to a year ago and up 6.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Spring Park are priced45% above average. Spring Park is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Spring Park home values have risen by approximately25.5%, reflecting strong long-term appreciation in this market.
Price History
Spring Park Home Price Trend
City Comparison
Spring Park vs. National Median
At $594,815, homes in Spring Park cost 45% above the national median of $410,000. Buyers in Spring Park should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Spring Park?
20% Down Payment
$118,963
on $594,815
Monthly P&I
$3,102/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,940/mo
incl. taxes & insurance
Income Needed
$157,600
gross annual (30% rule)
10% Down Option
$59,482
+ PMI applies
Loan Amount (20% dn)
$475,852
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Spring Park, MN?
The median home value in Spring Park is $594,815 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.1% year-over-year.
How much have home prices changed in Spring Park?
Over the past year, home values in Spring Park have increased by 7.1%. Over five years, prices have risen approximately 25.5%.
How much do I need to earn to buy a home in Spring Park?
To comfortably afford the median home price of $594,815 with a 20% down payment ($118,963) at today's rates (6.8%), you'd need a gross annual income of approximately $157,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Spring Park compare to the national average home price?
The national median home value is approximately $410,000. At $594,815, homes in Spring Park are 45% above the national average.
What metro area is Spring Park part of?
Spring Park is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.