Zip 55431 (Bloomington, MN) Housing

The housing median value in 55431 Bloomington, MN is $328,100, significantly lower than the US House Median Value of $338,100. However, while the US 1 year House Appreciation rate sits at 8.27%, the 1 year appreciation rate for housing in 55431 Bloomington, MN is slightly lower at 4.79%. This shows that homes in this area have appreciated more slowly than the national average over the past year. Despite this slower appreciation rate, Bloomington remains a desirable place to live due to its proximity to Minneapolis and St Paul's many amenities and attractions.

The median home cost in Bloomington (zip 55431) is $328,100. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Bloomington (zip 55431) is up 7.1%.

Average Age of Homes

- The median age of Bloomington (zip 55431) real estate is 54 years old

The Rental Market in Bloomington (zip 55431)

- Renters make up 29.8% of the Bloomington (zip 55431) population
- 0.3% of houses and apartments in Bloomington (zip 55431), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Bloomington, Minnesota	United States
	8,547.0	139,647,020.0
	58	42
	$328,100	$338,100
	7.1%	16.6%
	40.7%	57.0%
	89.0%	101.1%
	$11.61	$10.98
	$3,333	$2,690
	67.6%	57.4%
	2.9%	11.2%
	29.4%	31.4%
Vacant Housing
	0.3%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.8%	2.4%
	0.1%	2.8%
	0.9%	3.9%
	0.3%	4.5%
	1.3%	11.3%
	4.9%	13.0%
	48.5%	20.1%
	31.1%	13.6%
	7.4%	8.3%
	3.5%	9.7%
	0.4%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.2%	13.6%
	4.2%	13.6%
	3.8%	13.6%
	9.7%	13.2%
	12.8%	14.8%
	3.8%	13.6%
	36.0%	10.0%
	2.2%	4.7%
	4.7%	12.2%

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