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ZIP Code · MN

ZIP 55384

Pop. 1,896·Hennepin County·41st most expensive ZIP in Minnesota
Median rent (all units)
$1,838/mo
Year-over-Year
Stable
Month-over-Month
+25.6%
vs US Median
-$127
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 55384 · $1,838
More expensive than 51% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,110
1 BR
$1,260
2 BR
$1,530
3 BR
$2,020
4 BR+
$2,270
Research median
$1,530/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$22,056/yr
At $1,838/mo median
Location
StateMN
CountyHennepin County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +25.6% MoM), not inventory.
Demographics

Who lives here

ZIP 55384 (Spring Park, MN) is majority renter-occupied, has a large retiree population, has a median income below the national average, 31.8% of residents hold a bachelor's degree or higher.

Population
1,896
Median income
$48,315
Median age
57
Renters
75.1%
Age distribution
15.8%
20.1%
20.5%
37%
Under 186.7%
18–3415.8%
35–5420.1%
55–6420.5%
65+37%
Gender
45.4%
54.6%
Male45.4%
Female54.6%
Race & ethnicity
86.3%
White86.3%
Black8.2%
Hispanic4%
Asian1.6%
Education (25+)
30.1%
33.3%
31.8%
No HS diploma4.8%
HS diploma30.1%
Some college33.3%
Bachelor's+31.8%
Housing tenure
24.9%
75.1%
Owner24.9%
Renter75.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 55384 in Spring Park, MN has changed in 5 years

Income
$47,117 → $48,315
up 2.5%
Population
1,921 → 1,896
down 1.3%
Renter share
79.3% → 75.1%
-4.2 pts
Bachelor's+
28.6% → 31.8%
+3.2 pts
Median age
55.4 → 57
+1.6 yrs

Median household income climbed from $47,117 to $48,315 between 2021 and 2024, a 2.5% shift. Census counts show ZIP 55384 in Spring Park, MN losing about 25 residents over the five-year window, down 1.3% on net. The renter share has eased from 79.3% to 75.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 28.6% to 31.8% across the same window.

Community

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Local insights

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About renting in ZIP 55384

Last updated: July 20, 2026

ZIP code 55384 covers Spring Park, MN. The median rent here is $1,838/mo as of July 2026. A 1-bedroom rents for a median of $1,260/mo. A 2-bedroom rents for a median of $1,530/mo.

At 46% of local median household income ($48,315/yr), ZIP 55384 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55384?

As of July 20, 2026, the median monthly rent in ZIP 55384 (Spring Park, MN) is $1,838. This is based on aggregated data from public sources and community submissions.

How does ZIP 55384 rent compare to the US average?

ZIP 55384's median rent of $1,838/mo is $127 (6%) below the US national median of $1,965/mo.

How does ZIP 55384 compare to other ZIPs in Minnesota?

ZIP 55384 is one of the pricier ZIP codes in Minnesota, ranking #41 out of 123 ZIPs tracked at $1,838/mo.

How much income do you need to rent in ZIP 55384?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (~$36/hour full-time) to afford the median rent of $1,838/mo in ZIP 55384. The local median household income is $48,315/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 55384?

Rent in ZIP 55384 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 55384 an affordable place to rent?

ZIP 55384 is considered stretched for renters. At $1,838/mo, rent takes approximately 46% of the local median household income ($48,315/yr). The standard benchmark is 30%. ZIP 55384 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 55384 residents rent vs. own?

According to Census data, approximately 75.1% of ZIP 55384 households are renters, while 24.9% are owner-occupied. With a majority renter population, ZIP 55384 has a strong rental market.

How does ZIP 55384 compare to the rest of Spring Park?

ZIP 55384 sits right at the Spring Park citywide median of $1,838/mo.

When was rent data for ZIP 55384 last updated?

Rent data for ZIP 55384 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
46%
STRETCHED

At $1,838/mo, rent takes ~46% of ZIP 55384's median household income ($48,315/yr). The standard benchmark is 30%.

ZIP 55384 46%Benchmark 30%
State income tax5.35–9.85%
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