What to know before you move: cost, market timing, who it fits.
If you're considering a move to Bloomington, MN, the most important variables are the local housing market, the cost structure (taxes, insurance, utilities), and how well the city fits your day-to-day life. This page summarizes the housing market read; pair it with the cost of living page for the full picture.
Bloomington is a city in Hennepin County, Minnesota, with an estimated population of 88,344. It anchors the Minneapolis-St. Paul-Bloomington metro area. The median home value in Bloomington is $366,438 as of 2026-04, up 2.7% over the last 12 months. Over the last five years, home values have averaged +2.8% annual growth, with prices at or near the 5-year peak. Rents in Bloomington average $1,654 per month, roughly flat year-over-year (+1.1%). The composite momentum score is 60 of 100 (Stable). Conditions are neither hot nor cold, so the local fit matters more than market timing.
Sideways market (+2.7% YoY). No urgency to time the macro trend — focus on the home and neighborhood.
Reasons people move here
- Quiet strength: +2.7% over the trailing year — not a melt-up, but the market is bid.
- Held the highs: currently -0.2% from the 5-year peak — this market refused to give back gains.
Things to know first
- Flat or shrinking population: -0.5% per year. Housing demand has to come from somewhere — verify the source.
- Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.
More about Bloomington
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.