According to statistics, the population in Bloomington, MN amounts to 85,417, which shows decline 0% compared to the previous year. The median age of the city’s residents is 42. The average household income is $70,512, shifting growth 5% from the past year, and the average property value in Bloomington, MN growth 3% to $227,900 throughout the year.
|Number Of Employees||46,753|
|Median Property Value||$227,900|
The average household income in Bloomington, MN grew from $67,473 to $70,512 in the past year. This data is an estimate based upon 36,229 households in Bloomington, MN . The chart below presents how household income is distributed in Bloomington, MN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Bloomington, MN shifted from $221,900 to $227,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Bloomington, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Bloomington, MN properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Bloomington, MN compared to median property taxes around the country. The prevalent amount of property taxes in Bloomington, MN equals $3000, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|1 bed for sale||$213,100||+23.3%|
|2 bed for sale||$238,423||-18.9%|
|3 bed for sale||$370,703||+4.8%|
|4+ bed for sale||$498,039||+15.5%|
During Jul 2022, the average price for an apartment in/near Bloomington, MN increased by 5.7% to $388,678.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 23.3% to $213,100. Asking price for 2-bed apartment also decreased by 18.9% and a place of this size will now cost you $238,423. A 3-bed apartment goes for $370,703, it increased by 4.8% lately. We discerned the rise of 4- and more bed apartment price. It increased by 15.5% and made it up to $498,039.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$424,981||+6.8%|
|Condos for sale||$258,670||-11.2%|
|Other for sale||$375,000||N/A|
|Duplexes for sale||$340,000||N/A|
|Land for sale||$249,900||N/A|
|Townhouses for sale||$372,496||+25.6%|
Price reports demonstrate that house price increased by 6.8% this month making it up to $424,981. Condos faced an upward trend these days. The median price for a condo decreased by 11.2%, it’s now available for $258,670. An average value of duplex is $340,000, thus a median price for a duplex remains the same this month. The property value of townhouses increased by 25.6%, you’ll have to spend around $372,496 to get one.