In Spring Lake Park, a typical home is worth $290,100 and typical rent is $1,413 a month. Compared with all of Anoka County, the typical home value is 16% lower, typical household income is 11% lower, and the share of households that own their home is 11 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $285,933 to $318,955.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Spring Lake Park is in Anoka County. The FHA loan limit ($552,000 for a one-unit home), the fair market rents and the help on this page are those of all of Anoka County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in Spring Lake Park is worth $290,100,16% less than in Anoka County as a whole ($346,500).
2
69% of households in Spring Lake Park own their home, against 80% in Anoka County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Spring Lake Park
What homes there are in Spring Lake Park, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Spring Lake Park
Anoka County
Minnesota
United States
Kind of home: Spring Lake Park and its comparisons
Measure
Spring Lake Park
Anoka County
Minnesota
United States
Detached house
64%
70%
66%
61%
Attached house
10%
12%
7%
6%
Building of 2 to 4
Unreliable estimate
2%
4%
8%
Apartments (5 or more)
Unreliable estimate
13%
19%
19%
Mobile home
5%
3%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Spring Lake Park, but it weighs less than in Anoka County: 64% against 70%.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Spring Lake Park
Anoka County
Minnesota
United States
Year built: Spring Lake Park and its comparisons
Measure
Spring Lake Park
Anoka County
Minnesota
United States
Before 1960
22%
13%
29%
26%
1960–1979
40%
27%
23%
24%
1980–1999
26%
33%
24%
25%
2000–2009
Unreliable estimate
15%
13%
14%
2010 or later
5%
12%
10%
11%
In Spring Lake Park, half of the homes were built before 1972; in Anoka County, before 1986.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300K47%
$300K–$500K44%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Spring Lake Park and its comparisons
Measure
Spring Lake Park
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
47%
$300K–$500K
44%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49948%
$1,500–$1,99931%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Spring Lake Park and its comparisons
Measure
Spring Lake Park
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
48%
$1,500–$1,999
31%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
With a mortgage
$1,757 a month
Anoka County: $1,949 a month
Without a mortgage
$639 a month
Anoka County: $686 a month
Owners with a mortgage
67%
Anoka County: 69%
The typical cost for an owner with a mortgage in Spring Lake Park is $1,757 a month, less than in Anoka County ($1,949); without one, $639.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Spring Lake Park+52%
Anoka County+49%
Minnesota+47%
United States+53%
Typical rent
Spring Lake Park+33%
Anoka County+31%
Minnesota+31%
United States+33%
Typical household income
Spring Lake Park+45%
Anoka County+24%
Minnesota+25%
United States+29%
Change since 2015–2019: Spring Lake Park and its comparisons
Measure
Spring Lake Park
Anoka County
Minnesota
United States
Typical home value
+52%
+49%
+47%
+53%
Typical rent
+33%
+31%
+31%
+33%
Typical household income
+45%
+24%
+25%
+29%
The typical home value in Spring Lake Park rose 52% since 2015–2019, more than in Anoka County (49%).
Rents in Spring Lake Park rose at about the same pace as in Anoka County: 33% since 2015–2019, against 31%.
To compare: typical income in Spring Lake Park rose 45%; the home, +52%; the rent, +33%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Spring Lake Park and its comparisons
Measure
Spring Lake Park
Anoka County
Minnesota
United States
Rental vacancy
Unreliable estimate
3.9%
5.3%
5.5%
Homeowner vacancy
Unreliable estimate
0.5%
0.6%
0.9%
More than one person per room
Unreliable estimate
2.8%
2.3%
3.4%
People per household
2.65
2.67
2.43
2.53
Drive alone
71%
73%
69%
69%
Carpool
Unreliable estimate
7%
8%
9%
Public transit
Unreliable estimate
1%
2%
3%
Walk or bike
Unreliable estimate
1%
3%
3%
Work from home
15%
17%
18%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
By size, households in Spring Lake Park look like those in Anoka County: 2.65 people on average.
To get to work, 71% of workers in Spring Lake Park drive alone; in Anoka County, 73%.
Do the math
What would you pay each month for a home in Spring Lake Park?
A typical home is tight for the typical income
We start with a typical home in Spring Lake Park, worth $290,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Spring Lake Park, which is $90,753 a year. For that payment to be 28% of income, a household would need to earn about $103,843 a year.
The calculator's FHA and conventional loan limits are those of all of Anoka County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Spring Lake Park. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $10,154 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,423
at 7.18% · 30 years
Loan amount
$284,845
Total interest
$409,825
Paid off in
November 2056
Includes $4,899 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,118 a month
Tight
$2,118 to $2,723 a month
Your payment · 32%
Hard
more than $2,723 a month
Compared with the typical household income in Spring Lake Park ($90,753 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,930
Property tax
$244
Home insurance
$121
FHA mortgage insurance (MIP)
$128
You need at least $10,154 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,423; principal and interest $1,930.
The city and its county
Spring Lake Park and Anoka County
Spring Lake Park is in Anoka County, Minnesota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Spring Lake Park
Map of Anoka County, Minnesota, with Spring Lake Park marked. Around it, the neighboring counties.
Spring Lake Park
Anoka County
Other cities with a page
Spring Lake Park's own numbers
Typical home value
$290,100
Typical monthly rent
$1,413
Typical yearly household income
$90,753
Households that own their home
69%
Effective property tax rate
1.01%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Anoka County
FHA limit, one-unit home
$552,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,734
Price change over 5 years (FHFA)
+36%
Homes in a high flood-risk zone
1.5%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Anoka County.
A typical home in Spring Lake Park is worth $290,100: 16% below the county and 12% below Minnesota. With the typical household income in Spring Lake Park ($90,753 a year), a typical home costs 3.2 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Spring Lake Park3.2 years
Anoka3.4 years
Minnesota3.7 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Anoka County
According to FHFA’s house price index, home prices in Anoka County rose 78% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Anoka County.
Yearly change in FHFA’s price index in Anoka County, 2016 to 2025
2016: +6.1% +6.1% 2016
2017: +7.1% +7.1% 2017
2018: +6.8% +6.8% 2018
2019: +4.5% +4.5% 2019
2020: +3.2% +3.2% 2020
2021: +11.7% +11.7% 2021
2022: +11.7% +11.7% 2022
2023: +3.6% +3.6% 2023
2024: +2.8% +2.8% 2024
2025: +2.4% +2.4% 2025
Change in FHFA’s price index in Anoka County, Minnesota and the United States
Period
County
Minnesota
U.S.
Last year (2025)
+2.4%
+2.8%
+2.9%
5 years (2020–2025)
+36%
+37%
+47%
10 years (2015–2025)
+78%
+71%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Spring Lake Park next to Anoka County, Minnesota and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Spring Lake Park$290,100
Anoka$346,500
Minnesota$329,300
United States$332,700
Typical monthly rent
Spring Lake Park$1,413
Anoka$1,464
Minnesota$1,280
United States$1,413
Typical yearly household income
Spring Lake Park$90,753
Anoka$101,869
Minnesota$89,062
United States$80,734
See the full table
Spring Lake Park next to Anoka County and Minnesota
Measure
Spring Lake Park
Anoka County
Minnesota
U.S.
Typical home value
$290,100 ▼16% below the county
$346,500
$329,300
$332,700
Typical monthly rent
$1,413 ▼3% below the county
$1,464
$1,280
$1,413
Typical yearly household income
$90,753 ▼11% below the county
$101,869
$89,062
$80,734
Households that own their home
69% ▼11 points below the county
80%
72%
65%
Typical yearly property tax
$2,933 ▼10% below the county
$3,271
$3,357
$3,119
Effective property tax rate
1.01% ▲0.07 points above the county
0.94%
1.02%
0.94%
Renters with high rent for their income
56% ▲5 points above the county
51%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Anoka County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Spring Lake Park
For a typical $290,100 home in Spring Lake Park, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Spring Lake Park's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,423a month
Least cash to close
Down payment
$10,154
Cash to close
$18,857
Rate
7.18%
Mortgage insurance
FHA MIP · $128
Conventional, 5% down$2,370a month
Down payment
$14,505
Cash to close
$23,208
Rate
7.18%
Mortgage insurance
PMI · $138
Conventional, 20% down, no PMI$1,937a month
Down payment
$58,020
Cash to close
$66,723
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,205a month
Down payment
$43,515
Cash to close
$52,218
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Spring Lake Park
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,423
$10,154
$284,846
7.18%
FHA MIP · $128
$18,857
580
Conventional, 5% down
$2,370
$14,505
$275,595
7.18%
PMI · $138
$23,208
620*
Conventional, 20% down, no PMI
$1,937
$58,020
$232,080
7.18%
None
$66,723
620*
ITIN, 15% down (example)
$2,205
$43,515
$246,585
8.18%
None
$52,218
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Spring Lake Park is $1,413 a month: 3% below the county. In Spring Lake Park, 56% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Anoka County, by unit size. To pay the 2-bedroom one ($1,734 a month) without spending more than 30% of your income, you would need to earn $33.35 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Anoka County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,265
$24.33
$50,600
1 bedroom
$1,427
$27.44
$57,080
2 bedrooms
$1,734
$33.35
$69,360
3 bedrooms
$2,264
$43.54
$90,560
4 bedrooms
$2,538
$48.81
$101,520
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Spring Lake Park
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Spring Lake Park is in ZIP code 55432.
For 2 bedrooms it is $1,600: $134 less than the fair market rent for Anoka County ($1,734).
Fair market rent by ZIP code and size in Spring Lake Park, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
55432
$1,170
$1,320
$1,600
$2,090
$2,340
ZIP code2 bd3 bd
55432 $1,600$2,090
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Spring Lake Park when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There is 1 HUD-approved agency with an office in Anoka County; none says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Spring Lake Park or Anoka County. The ones below are statewide in Minnesota: they work in Spring Lake Park the same as in the rest of the state.
Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage.Offered by Minnesota Housing (Minnesota Housing Finance Agency).
Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up.Offered by Minnesota Housing (Minnesota Housing Finance Agency).
The HUD-approved agencies closest to the center of Spring Lake Park, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
No legal help resource on our list is for Spring Lake Park or Anoka County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Spring Lake Park and all of Anoka County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Spring Lake Park?
The typical home value in Spring Lake Park is $290,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Anoka County it is $346,500.
How much does it cost to rent in Spring Lake Park?
Typical rent in Spring Lake Park is $1,413 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Anoka County is $1,734.
What is the FHA loan limit in Spring Lake Park?
Spring Lake Park uses the FHA limit for all of Anoka County (2026): $552,000 for a one-unit home and $1,061,550 for a four-unit home.
How much property tax do owners pay in Spring Lake Park?
The typical homeowner in Spring Lake Park pays $2,933 a year, according to the U.S. Census Bureau. That is 1.01% of the home’s value; in Anoka County, the rate is 0.94%.
Where can I find free help to buy or rent in Spring Lake Park?
There is 1 HUD-approved counseling agency with an office in Anoka County. They can help you get ready to buy, with your credit, or with rent.
