Bloomington, MN

Population: 86,319
Average annual home appreciation rate: 1.42%
Total of homes for sale in this market: 99
Median home price: $244,004
Median Rent: $1,049 per room
Home price range: 37.56% of homes are between $221,001 – $331,000
Median sales price: NO DATA
Number of homes: 504
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 57.50% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 5.25%
Number of renters: 31.99%
Number of owner occupied: 68.02%
Number people living below poverty level: 10.21%
Unemployment rate: 3.90%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Bloomington area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

Leave a Reply

Your email address will not be published. Required fields are marked *