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Spring Park city, MN

ZIP 55384 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55384

Median Home Value
$598,400
Median Rent
$1,174
Affordability Snapshot
$165,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,844/mo PITI).

30%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

12.8x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

42.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55384 in Spring Park city, MN, a household would need roughly $165,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,844. That is about 252% above the local median household income ($46,860), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
22.3%-66% vs US avg
x
Vacancy Rate
6.1%-41% vs US avg
x
Broadband Access
80.9%-7% vs US avg
x
4+ Bedrooms
1.2%-92% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
24.2%-51% vs US avg
x
Mortgage-Free
43.8%+15% vs US avg
x
$598,400
Home Value
$1,174
Rent
1977
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached18.1%
  • 1-unit attached5.1%
  • 2-9 units1.9%
  • 10+ units75.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$598,400
Median rent$1,174
Owner-occupied22.3%
Vacant6.1%
Price-to-income12.8x
Est. income to buy$165,000