Home Insurance in Spring Park, Minnesota
The median home value in Spring Park is $661,600, 68% higher than the Hennepin County median.
The typical home in Spring Park was built around 1979. About 12% of homes were built before 1960, about 24 points below Hennepin County's 36%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in Spring Park is 25% single-family homes and 73% apartments in buildings with 5+ units.
About 56% of owner-occupied homes in Spring Park have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Spring Park has an owner-occupancy rate of 25% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
In Spring Park, 49% of homes are primarily heated with natural gas.
Hennepin County had 959 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is tornado (Very High). See the full Hennepin County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Minnesota is $1,988 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $661,600 |
|---|---|
| Median year built | 1979 |
| Owner-occupied share | 25% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Hennepin County | 959 |
| Home insurance premium | $1,988 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)