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Bloomington, MN—55431

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$365,000
3.5% YoY Growth
Household Income
$103,000
26.3% YoY Growth
Days on Market
47
21.0% Shorter YoY
Home Price Forecast
-0.2%
Median Rent
$1,520
14.5% YoY Growth
1-Bed Rent
$1,250
0.8% YoY Growth
2-Bed Rent
$1,600
3.9% YoY Growth
3-Bed Rent
$2,100
11.7% YoY Growth

Other Zip Codes in Bloomington, MN

55420554255543855437
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Bloomington, MN

As of Dec '25, the median home price in Bloomington, MN is $365,000, with a year-over-year change of 3.5%. This indicates that home prices in Bloomington, MN are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$365,0003.5%
Single Family $373,0003.3%
Condos $201,0001.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$324,0004.2%
    3 Bed
    		$362,0003.4%
    4 Bed
    		$407,0002.3%
    5 Bed $442,1911.6%
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    % of Housing Stock

    Studio
    2.0%
    1 Bedroom
    14.7%
    2 Bedrooms
    20.1%
    3 Bedrooms
    31.5%
    4 Bedrooms
    23.4%
    5+ Bedrooms
    8.3%

    Rental Trends — Bloomington, MN

    As of July '25, Rentcast reports the average rent in Bloomington, MN is $1,880, with a year-over-year rent change of -14.5%. Per bedroom, the median rent as of July '25 in Bloomington, MN is studios: $1,460, 1-bedrooms: $1,200, 2-bedrooms: $1,600, 3-bedrooms: $2,260, 4-bedrooms: $2,640. The most common rental property sizes in Bloomington, MN are 1-bedroom and 2-bedroom, accounting for 39.5% and 36.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,520$1,880
    Studio Rent $1,440$1,460
    1 Bed Rent $1,250$1,200
    2 Bed Rent $1,600$1,600
    3 Bed Rent $2,100$2,260
    4 Bed Rent $2,600$2,640
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    % of Rental Stock

    Studio
    6.4%
    1 Bedroom
    39.5%
    2 Bedrooms
    36.3%
    3 Bedrooms
    7.0%
    4 Bedrooms
    6.8%
    5+ Bedrooms
    4.0%

    Property Listings — Bloomington, MN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Bloomington, MN is 49. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$390,000-2.0%
    Listing Count
    		31-20.0%
    Listings as % of Homes0.2%-20.0%
    Days on Market
    		47-21.0%
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    Demographics — Bloomington, MN

    As of the latest ACS Survey released in 2023, Bloomington, MN has a population of 19,100, which has increased by 4.0% over the past 5 years. Bloomington, MN is a moderately popular place for families, as children make up 18.0% of the population. The area has a highly educated workforce, with 48.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		19,1004.0%
    % Under 18
    		18.0%1.1%
    % Seniors
    		22.5%4.2%
    % WFH
    		21.5%321.6%
    % w/ College Degree
    		48.4%11.3%
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    As of the latest ACS Survey released in 2023, Bloomington, MN is a predominantly white area, with 74.8% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Bloomington, MN is asian, making up 7.5% of the population. Foreign-born residents account for 10.9% of the population in Bloomington, MN, and this percentage has increased by 13.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		74.8%-7.9%
    % Black
    		5.8%-4.9%
    % Hispanic
    		4.9%48.5%
    % Asian
    		7.5%66.7%
    % Foreign Born
    		10.9%13.5%
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    Mortgage and Risk — Bloomington, MN

    According to HUD data as of 2023, there were 310 mortgage originations in Bloomington, MN, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Bloomington, MN. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		310
    % Conventional Loans
    		89.0%
    % Government Loans
    		11.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		7.0%
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    Rentals and Section 8 — Bloomington, MN

    As of 2024, the percent of homes in Bloomington, MN under the Section 8 program is 13.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Bloomington, MN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		447
    Total Units Section 8
    		370
    % Rentals under Section 8
    		13.8%
    % Occupied Section 8
    		93.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$450$1,250$1,700
    2 Bedroom$480$1,600$2,080
    3 Bedroom$670$2,100$2,770
    4 Bedroom$500$2,600$3,100

    Affordability — Bloomington, MN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.3
    Median Home Price$365,000
    Median Household Income$103,000

    Bloomington, MN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Bloomington, MN

    55437

    Bloomington, MN

    55420

    Edina, MN

    55435

    Richfield, MN

    55423

    Burnsville, MN

    55337

    Frequently Asked Questions