Why Live in Spring Lake Park
Spring Lake Park, MN, a suburb located about 12 miles north of Minneapolis, offers convenient freeway access, making it a popular choice for commuters. The community features a mix of single-family homes, primarily split-level and ranch-style from the 1950s and ’60s, with some condos and townhouses. Properties are typically under a quarter of an acre, shaded by mature trees, and often include attached garages. Major highways, including Minnesota County Highway 10 and State Highway 65, provide direct routes to Minneapolis, while Metro Transit buses offer additional connectivity. Local amenities include Mercy Hospital–Unity Campus, known for its reputable healthcare services and employment opportunities. Shopping and dining options are concentrated around the intersection of Highways 65 and 10, with establishments like Hy-Vee, The Sunset Grill, and Torg Brewery. Northtown Mall and nearby big-box stores such as Walmart Supercenter and Sam’s Club cater to retail needs. For outdoor enthusiasts, Lakeside Lions Park and Laddie Lake Park offer fishing, hiking, and playgrounds, while Terrace Park features skating ramps and ball courts. The annual Tower Days festival in June celebrates the community with live music, fireworks, and various family-friendly activities. With a high rating for its schools, including the Pathways program at Spring Lake Park High School, the area is appealing for families.
Frequently Asked Questions
What is the average home price in Spring Lake Park, MN?
Homes for sale in Spring Lake Park, MN have an average home price of $308,018.
How many homes have sold over the last 12 months in Spring Lake Park, MN?
25 homes have sold in Spring Lake Park, MN over the last 12 months.
What are the most popular zip codes in Spring Lake Park, MN?
How much do you need to make to afford a house in Spring Lake Park?
The median home price in Spring Lake Park is $310,000. If you put a 20% down payment of $62,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,600 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $69K a year to afford the median home price in Spring Lake Park.
How are the schools in Spring Lake Park, MN?
Home Trends in Spring Lake Park, MN
On average, homes in Spring Lake Park, MN sell after 27 days on the market compared to the national average of 50 days. The median sale price for homes in Spring Lake Park, MN over the last 12 months is $310,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$310,000
Median Single Family Sale Price
$315,000
Median Townhouse Sale Price
$307,500
Average Price Per Sq Ft
$194
Number of Homes for Sale
5
Last 12 months Home Sales
25
Median List Price
$310,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
0%