Foreclosure Homes in Bloomington, MN 55425

Current Market Conditions in Bloomington, MN

The real estate market in Bloomington is currently experiencing a steady demand, with a balanced inventory of homes for sale. Prices have shown resilience, reflecting the area's appealing attributes and stable economy. Neighborhoods closer to parks and amenities are particularly in demand, driving prices higher in those sectors.

As more families and young professionals are drawn to Bloomington due to its amenities and quality education options, the housing market has seen a consistent influx of buyers, contributing to a competitive market atmosphere.

Rent Prices In Bloomington, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bloomington, MN, is on a rollercoaster ride. The average rent price in Bloomington, MN, is $1,745.00. Indeed, when looking to rent in Bloomington, MN, you can expect to pay as little as $630.00 or as much as $4,820.00, with the average rent median estimated to be $1,680.00. The good news is that finding an affordable and desirable property to rent in Bloomington, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.