Spring Lake Park, MN Real Estate
According to census data in the year 2000 there were 2,754 housing units in Spring Lake Park.
This represents a 14.8% growth from 2,398 in 1990.
Of those housing units, 2,754 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Spring Lake Park is about 74.6%.
Spring Lake Park's vacancy rate, including seasonal lodging, is about 1.1%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in Spring Lake Park were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 12% |
| Two Bedrooms | 30.60% |
| Three Bedrooms | 36.70% |
| Four Bedrooms | 17.30% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $120,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.72 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $525 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 9.30% |
| Home Equity Loan | 8.40% |
| Simple Mortgage | 59.20% |
| Debt Free | 22.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
