Rental prices in Spring Lake, Minnetonka, Hennepin County, MN have increased by 7.35% over the past year. The average rent moved from $2,179 to $2,339.
Check out the average rent in Minnetonka.
The national average price of rental apartments is $1,740, while the average monthly rent in Spring Lake, Minnetonka, Hennepin County, MN is $2,339.
The average monthly rent for an apartment in Spring Lake, Minnetonka, Hennepin County, MN is around $2,339.
A share of 49% of apartments in Spring Lake, Minnetonka, Hennepin County, MN have the cheapest rents between $1,501-$2,000. Around 20% of rentals are > $3,000. Around 22% of Spring Lake's apartments have monthly rents between $2,001-$2,500. There are 9% of apartments with rents between $2,501-$3,000.
The largest share of rentals in Spring Lake, Minnetonka, Hennepin County, MN (49%) fall between $1,501-$2,000 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 residents are renting compared to 84% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 53% of Spring Lake's rentals, 34% are small-scale complexes with under 50 units, and 13% are single-family rentals.
In total, Spring Lake, Minnetonka, Hennepin County, MN has 3,001 residents, 1,493 women and 1,508 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 1,225 households in Spring Lake, Minnetonka, Hennepin County, MN. Of these, 382 have children and 844 are without children. Per Census Bureau’s most current estimates, 853 family households and 372 non-family households live in this area. The size of a household in Spring Lake is 2.21 people, on average. The median household annual income in Spring Lake equals $159,816, and the monthly housing costs equal $2,329.
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, 12% went to high-school, and 14% have partially completed college. Moreover, 6% of the population hold an Associate Degree, 40% hold a Bachelor Degree, and 26% hold a Graduate Degree.
