The housing median value in 55420 Bloomington, MN is $291,500, which is significantly lower than the US House Median Value of $338,100. The US House Appreciation over the past year has been 8.27%, whereas the House 1 year appreciation in 55420 Bloomington has only been 4.79%. This indicates that the housing market in this area is growing more slowly than other areas of the country. Although home prices are still relatively affordable compared to many other places, potential buyers should be aware that appreciation rates are slower than average and may not be able to get a good return on their investment in this area.
The median home cost in Bloomington (zip 55420) is $291,500. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Bloomington (zip 55420) is up 7.1%.
Average Age of Homes
- The median age of Bloomington (zip 55420) real estate is 58 years old
The Rental Market in Bloomington (zip 55420)
- Renters make up 32.2% of the Bloomington (zip 55420) population
- 2.2% of houses and apartments in Bloomington (zip 55420), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.