Real Estate Investing in Spring Park, Minnesota (55384)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55384 (Spring Park, MN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 26.8 — hard to cash-flow at these prices.
What’s happening in Spring Park, MN (55384)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55384 Spring Park
ZIP 55384 inside Hennepin County looks affordable on the surface — median value of $590K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,838/mo on a $590K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 55384 sits below the stated 0.0% once reality is priced in.
Regionally, 55384 sits on the difficult end of the MN spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 55384 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. durable returns are possible in 55384, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Spring Park:
Property Strategy for 55384
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $423,136 | $1,260 | 2.1% | — | $423,136 |
| 2BR | $616,035 | $1,530 | 1.8% | — | $308,018 |
| 3BR | $875,814 | $2,020 | 1.7% | — | $291,938 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55384 Compare?
| Metric | 55384 | Spring Park | Minnesota |
|---|---|---|---|
| Home Value | $590,335 | $590,335 | $340,597 |
| 5-Year CAGR | 4.1% | 4.1% | 4.9% |
| Avg Rent | $1,838 | $1,838 | - |
| Cap Rate | 2.4% | 2.4% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55384 (Spring Park, MN). Anonymous, moderated, never written by AI.
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Property managers serving Hennepin County
Manage rentals here? List your business →JJS Property Management of Central Minnesota offers a wide choice of apartments in various areas including Avon, Buffalo, Milaca, Monticello, Royalton, Sartell, Sauk Rapids, St. Cloud, and St. Joseph. summary from their website
MGM Property Management, LLC provides property management services for rental properties, homeowner associations, and commercial tenants in the Twin Cities, Rochester, and St. Cloud areas. summary from their website
Simply Residential Property Management offers expert management of single-family, condominiums, and multi-family dwellings throughout the Twin Cities. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $590,335 |
| Monthly Rent | $1,838 |
| Price-to-Rent | 26.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 55384
Population: 1,869
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 55384
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
EXCELSIOR ELEMENTARY
SHIRLEY HILLS PRIMARY SCHOOL
MINNEWASHTA ELEMENTARY
GRANDVIEW MIDDLE SCHOOL
HILLTOP PRIMARY SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Should investors consider Spring Park, MN?
Yes - Spring Park, MN a 3.0/5 investability score. With $590K home prices against $1,838/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are rents high in Spring Park, MN?
Average rent in Spring Park, MN is approximately $1,838/mo per month. Against $590K home values that yields a reasonable rent-to-price ratio.
Do landlords face vacancy issues in Spring Park, MN?
Spring Park, MN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is rental property easy to operate in Spring Park, MN?
MN ranks as a balanced state for landlord-tenant law. Spring Park generally follows the statewide framework, so landlords face reasonable operating rules.
What investment strategy works best in Spring Park, MN?
Investors usually favor careful cash-flow rentals with hands-on management in Spring Park, MN. With home values at $590K and rents near $1,838/mo, other strategies can work but produce stable rather than outsized returns.
You know 55384 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 55384 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 55384 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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