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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Spring Park, MN Housing Affordability Index

Spring Park, Minnesota has an MBR Housing Affordability Index score of 52.9 (Significantly Less Affordable) as of October 30, 2026, ranking 809th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $661,600 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $3,616, or 90% of the city’s $48,315 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Spring Park is updated every night from live Minnesota mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Spring Park MBR-HAI 52.9 Significantly Less Affordable
Rank in Minnesota 809 of 809 1 = most affordable
Minnesota 97.5 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.27% Minnesota lenders
Median home value $661,600 U.S. Census Bureau

Spring Park is 44.6 points below the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Spring Park Mortgage Rates

What It Takes to Buy in Spring Park

$3,616/mo
Principal & Interest
Median home, 20% down, 7.27%
$155,000
Income Needed
To keep the payment at 28% of income
$48,315
Median Household Income
Minnesota: $89,062
13.7x
Price-to-Income Ratio
Minnesota: 3.7x
$1,838/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,290/yr
Median Property Tax
Minnesota figure
28.5%
Owner Cost Burden
Owners spending 30%+ of income on housing
57.2%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Spring Park, Minnesota. The rate is the Minnesota average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Spring Park Ranks in Minnesota

Cities with similar scores
#806Walker68.3 #807Excelsior67.4 #808Wayzata63.7
#809Spring Park52.9
Least affordable in Minnesota
#805Osage68.7 #806Walker68.3 #807Excelsior67.4 #808Wayzata63.7
#809Spring Park52.9
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Cite the Spring Park Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Spring Park, Minnesota score: 52.9 (Significantly Less Affordable), ranked 809 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/spring-park”