Rental prices in Spring Lake, Minnetonka, Hennepin County, MN have increased by 7.95% over the past year. The average rent moved from $2,129 to $2,299.
Check out the average rent in Minnetonka.
The national average price of rental apartments is $1,741, while the average monthly rent in Spring Lake, Minnetonka, Hennepin County, MN is $2,299.
The average monthly rent for an apartment in Spring Lake, Minnetonka, Hennepin County, MN is around $2,299.
A share of 35% of apartments in Spring Lake, Minnetonka, Hennepin County, MN have the cheapest rents between $1,501-$2,000. Around 16% of rentals are > $3,000. Around 39% of Spring Lake's apartments have monthly rents between $2,001-$2,500. There are 10% of apartments with rents between $2,501-$3,000.
The largest share of rentals in Spring Lake, Minnetonka, Hennepin County, MN (39%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
The average rent in Spring Lake, Minnetonka, Hennepin County, MN is $1,502.
In Spring Lake 16% of the housing is rented out compared to 84% of homes are owned, according to the most recent Census Bureau estimates. 51% of Spring Lake's apartments are found in large buildings of 50 units or more, 36% are located in smaller apartment complexes with less than 50 units, and 13% are single-family rentals.
In total, Spring Lake, Minnetonka, Hennepin County, MN has 3,038 residents, 1,503 women and 1,536 men, per U.S. Census recent estimates. Statistics show that the median age of Spring Lake’s population is 47.
There is a total of 1,245 households in Spring Lake, Minnetonka, Hennepin County, MN. Of these, 381 have children and 864 are without children. Per Census Bureau’s most current estimates, 855 family households and 391 non-family households live in this area. The size of a household in Spring Lake is 1.84 people, on average. The median household annual income in Spring Lake equals $156,701, and the monthly housing costs equal $2,302.
According to data from the U.S. Census Bureau, 1% of the population in Spring Lake, Minnetonka, Hennepin County, MN have no high school education, 13% went to high-school, and 14% have partially completed college. Moreover, 7% of the population hold an Associate Degree, 39% hold a Bachelor Degree, and 26% hold a Graduate Degree.
