There are currently 23,848 real estate properties in Bloomington, MN, with a median automated valuation model (AVM) price of $336,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bloomington, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Bloomington, MN, is $354,837.00, with the most expensive house in Bloomington, MN, topping out at $2,702,400.00 and the cheapest home in Bloomington, MN, clocking in at $73,000.00. In other words, there’s something for every potential homebuyer or savvy investor 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 $1,758.00. 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 $1,710.00. 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Bloomington, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Bloomington, MN and much more. Save thousands at closing with home foreclosure listings in Bloomington, MN — up to 75% off market value!
Bloomington is located in Hennepin, Minnesota, with an estimated municipal population of 84,943 residents. All of the best foreclosed homes for sale in Bloomington are located in the following zip code areas on Foreclosure.com: 55425 55420 55431 55437 55438. The estimated population per square kilometer (.62 miles) in Bloomington is 945.
So, about how much do homes cost in Bloomington? The most recent median value of resident-owned homes in Bloomington is 251,400. An estimated 67.3 percent of households in Bloomington own their homes, with an average family size of 3.02. The median household income in Bloomington is 75,130, with35.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Bloomington, the median commute time of resident workers (in minutes) is 21.9. And last, but certainly not least, are you looking for homes to rent in Bloomington? If so, the average rent price paid by renters in Bloomington is 1,178, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Bloomington, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Bloomington is 41.6, split between 48.9 percent male versus 51.1 female. The percentage of residents who report being married in Bloomington is 48.8, with an average family size of 3.02.
The percentage of residents who report their race in Bloomington is as follows:
|Black / African American||9.6%|
|American Indian / Alaskan Native||0.6%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Bloomington? Or maybe you are searching for 55+ active adult communities in and/or near Bloomington?
The percentage of residents who report their age in Bloomington is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Bloomington with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Bloomington.
How do you know that living in -- or moving to -- Bloomington is right where you need to be? Perhaps you grew up in Bloomington or already live nearby; therefore, the decision to buy a home in Bloomington is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Bloomington for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Bloomington:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Bloomington.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Bloomington can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Bloomington, meanwhile, can field multiple offers from more qualified buyers.