Blooming Prairie, MN—55917
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Blooming Prairie, MN
As of Oct '25, the median home price in Blooming Prairie, MN is $263,000, with a year-over-year change of 5.1%. This indicates that home prices in Blooming Prairie, MN are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $263,000 | 5.1% |
| Single Family | $264,000 | 5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $202,000 | 6.3% |
3 Bed | $242,000 | 4.8% |
4 Bed | $286,000 | 6.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Blooming Prairie, MN
As of July '25, Rentcast reports the average rent in Blooming Prairie, MN is $800, with a year-over-year rent change of -6.4%. Per bedroom, the median rent as of July '25 in Blooming Prairie, MN is 2-bedrooms: $800. The most common rental property sizes in Blooming Prairie, MN are 3-bedroom and studio, accounting for 28.0% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $800 | $800 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Blooming Prairie, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Blooming Prairie, MN is 51. This is a decrease of -41.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $289,000 | 44.0% |
Listing Count | 15 | 200.0% |
| Listings as % of Homes | 0.6% | 200.0% |
Days on Market | 51 | -41.0% |
Demographics — Blooming Prairie, MN
As of the latest ACS Survey released in 2023, Blooming Prairie, MN has a population of 3,530, which has decreased by -5.6% over the past 5 years. Blooming Prairie, MN is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,530 | -5.6% |
% Under 18 | 25.8% | -5.8% |
% Seniors | 23.7% | 43.6% |
% WFH | 13.3% | 209.3% |
% w/ College Degree | 24.1% | 22.3% |
As of the latest ACS Survey released in 2023, Blooming Prairie, MN is a predominantly white area, with 87.5% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Blooming Prairie, MN is hispanic, making up 8.6% of the population. Foreign-born residents account for 1.6% of the population in Blooming Prairie, MN, and this percentage has decreased by 5.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.5% | -6.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 8.6% | 38.7% |
% Asian | 0.1% | ∞% |
% Foreign Born | 1.6% | -5.9% |
Mortgage and Risk — Blooming Prairie, MN
According to HUD data as of 2023, there were 69 mortgage originations in Blooming Prairie, MN, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Blooming Prairie, MN. Investor activity is low, as 7.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 69 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Blooming Prairie, MN
Blooming Prairie, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | 10.6% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | $240 | $800 | $1,040 |
| 3 Bedroom | N/A | N/A | $1,460 |
| 4 Bedroom | N/A | N/A | $1,760 |
Affordability — Blooming Prairie, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $263,000 |
| Median Household Income | $76,300 |