Why Live in River Park
About 10 miles north of Minneapolis, River Park rests on the western bank of the Mississippi River, where residential streets branch into cul-de-sacs. The area also shares its name with an expansive community green space and has various neighborhood parks near many homes. “It’s nice in that it’s close to the river, and it’s quite a bit older,” says Realtor Tom Walters, with The Walters Group at Edina Realty, who has been an agent since 1975. “They’re nice homes, some fancy on the river.” Mature trees tower over most homes as powerlines and lamp posts weave throughout. Ranch-style homes are common and go for $275,000 to $600,000, but there are also two-story homes, including split-levels and bilevels, which both range $315,000 to $440,000. Duplexes are priced between $200,000 and $300,000. “There are a couple of small apartments down in the River Park neighborhood, not big, more like one unit, but for the most part, there are single-family homes,” says Jon Perkins, a Realtor with RE/MAX Results who has over 36 years of experience.
Homes closer to the water may be at an elevated riks of flooding. As such, many waterfront properties are sloped with green space between homes and
Frequently Asked Questions
Is River Park a good place to live?
River Park is a good place to live. River Park is considered very car-dependent and bikeable with minimal transit options. River Park has 4 parks for recreational activities. It has a median age of 39. The average household income is $103,954 which is above the national average. College graduates make up 28.8% of residents. A majority of residents in River Park are home owners, with 25.4% of residents renting and 74.6% of residents owning their home. A
local real estate agent serving River Park can help you decide if this neighborhood is the right one for you. Learn more on our
River Park neighborhood guide.
Is River Park, MN a safe neighborhood?
River Park, MN is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in River Park?
The median home price in River Park is $346,127. If you put a 20% down payment of $69,200 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,790 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $77K a year to afford the median home price in River Park. The average household income in River Park is $104K.
What are the best public schools in River Park?
The best public schools that serve River Park are:
What are the best private schools in River Park?
The best private schools that serve River Park are:
What are the most popular zip codes in River Park, Brooklyn Park, MN?
What are the most popular neighborhoods near River Park, Brooklyn Park, MN?
Home Trends in River Park, MN
On average, homes in River Park, Brooklyn Park sell after 7 days on the market compared to the national average of 70 days. The median sale price for homes in River Park, Brooklyn Park over the last 12 months is $336,127, down 31% from the median home sale price over the previous 12 months.
Median Sale Price
$336,127
Median Single Family Sale Price
$302,000
Median Townhouse Sale Price
$336,127
Average Price Per Sq Ft
$232
Number of Homes for Sale
2
Last 12 months Home Sales
41
Median List Price
$346,127
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-31%