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Bloomington

Bloomington

Located in Hennepin County

$403,491 Average Value
$201 Average Price per Sq Ft
114 Homes For Sale

Balanced lifestyle with access to the Mall of America

Situated on the northern banks of the Minnesota River, Bloomington offers a balanced residential lifestyle with a thriving outdoor recreation scene and nationally ranked amenities, all just 10 miles south of downtown Minneapolis. Established as a city in 1960, Bloomington was first occupied by the Dakota people for its fertile land and proximity to the river. Later, Europeans would further develop the area for agricultural use and to utilize the river for transport. In the 1950s, the city saw an influx of new residents after the completion of Metropolitan Stadium — the original home of the MLB's Minnesota Twins and the NFL's Minnesota Vikings from 1961 to 1981. This location would later become the site for the Mall of America, or the MOA, the largest mall in the country. Today, Bloomington is home to around 88,000 residents and has developed into one of the Twin Cities' desirable second-ring suburbs. The MOA continues to be a major area attraction, bringing in millions of visitors annually, while also serving as the city's top employer and providing nearly 11,000 jobs to Bloomington's economy. Despite the ebb and flow of tourists, community mainstays like the seasonal Bloomington Farmers Market and the annual Bloomington Summer Fete celebration showcases this city's neighborhood-feel. "Bloomington is a very proud, long-term community and people seem to want to stay in the area,” says Hope Palmer, associate broker with Realty Exchange. "It’s hard for people to leave the convenience and what Bloomington has to offer.”

People relaxing at the Bloomington Summer Fete.
People relaxing at the Bloomington Summer Fete.
The Mall of America has several floors of shopping near East Bloomington.
The Mall of America has several floors of shopping near East Bloomington.
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Midcentury styles are selling fast

Homes in Bloomington span a wide price range and “the Bloomington market is moving fast,” says Karissa White, Realtor with Re/Max Advantage Plus. “It’s still very much a sellers' market with just a 1-month supply of inventory.” With a median sales price of $360,000, homes here cost nearly $40,000 less than the average U.S. property. In Bloomington, prospective buyers will find everything from established single-family homes featuring midcentury ranch-styles and split-level designs, to modest condos and expansive waterfront properties. The larger, more expensive properties tend to be found in West Bloomington, while East Bloomington is mostly smaller, older builds. Prices reflect size and condition and can range from as low as $100,000 for a one-bedroom condo unit to upwards of $550,000 for a new traditional. Some outliers, like lakefront mansions, can even reach prices as high as $1 million dollars.

A tudor revival home in East Bloomington.
A tudor revival home in East Bloomington.
Cottage-style homes can be found in South Loop.
Cottage-style homes can be found in South Loop.
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Name brand grocers and the largest mall in the U.S.

Instead of a traditional downtown area, the South Loop District offers an urban vibe equipped with Metro Transit access and a business epicenter. Bloomington is well known for its shopping scene and the Mall of America — the U.S.'s largest mall. Situated on Bloomington's east side, the mall is home to more than 520 stores, 50 restaurants, an aquarium and an indoor theme park. This retail giant attracts more than 40 million annual visitors, but surprisingly, most of the foot-traffic is from native Minnesotans. For everyday essentials, most residents shop at a variety of name brand grocers like Cub Foods, Lunds & Byerlys and Walmart, which are situated throughout the city. For fresh produce, the seasonal Bloomington Farmers Market is held on Saturdays from June through October at the Bloomington Civic Plaza. When dining in the area, locals have their choice of fast-food chains or family-owned eateries, many of which are located along Interstate 494.

Friendly service from local farmers is what you can expect at the Bloomington Farmer's Market.
Friendly service from local farmers is what you can expect at the Bloomington Farmer's Market.
The Mall of America is a giant 4-level mall with hundreds of stores.
The Mall of America is a giant 4-level mall with hundreds of stores.
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Year-round activities at the Hyland Lake Park Reserve

Bloomington is also home to 97 city parks. The Hyland Lake Park Reserve is on the westside of the city and spans 2,600 acres of greenery and lakefront property. It’s operated by the Three Rivers Park District and is comprised of amenities like Bush Lake Beach and Normandale Lake Park. Each summer, Bush Lake Beach attracts more than 100,000 Minnesotans to its shores. One of the most popular beaches in Minnesota, visitors can sunbathe or swim in the lake from June through Labor Day. Normandale Lake Park has an amphitheater and hosts a variety of seasonal events. It also has a boat launch, a picnic pavilion and 2 miles of trails with lakefront views. The public Hyland Greens Golf Course is a 9-hole course and driving range for players of all skill levels. Young engineers can visit The Works Museum for hands-on learning experiences and to explore a range of exhibits centered around problem-solving. The museum also hosts programs like Robot Day and SHE Engineers, which is dedicated to fostering women's participation in STEM fields.

Bloomington experiences all four seasons, with hot summers and freezing winters that average 60 inches of snowfall per year. The city also maintains nine outdoor ice-skating rinks from December through February and the Bloomington Ice Garden is an indoor option that offers hockey and figure skating opportunities all year long.

At nearly five miles long, the Bluff Trail provides quiet scenery along the Minnesota River.
At nearly five miles long, the Bluff Trail provides quiet scenery along the Minnesota River.
Smith Park has a bridge that connects to a path.
Smith Park has a bridge that connects to a path.
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The annual Bloomington Summer Fete

In July, locals can attend the annual Summer Fete celebration at Normandale Lake. The event is hosted on July 3rd and features live music performances, local food vendors and a fireworks display to kick-off Independence Day. “Residents set up blankets early in the morning to reserve spots,” says White, who has over 15 years of real estate experience in the area. "And you can see the fireworks from several points throughout the city.” It’s a highly anticipated event and is considered one of the largest fireworks displays in the state.

Food Truck Lineup at the Bloomington Summer Fete.
Food Truck Lineup at the Bloomington Summer Fete.
Fireworks Display at the Bloomington Summer Fete
Fireworks Display at the Bloomington Summer Fete
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High-marks at Bloomington Public Schools

Families in Bloomington are zoned for Bloomington Public Schools, which earns a B rating from the review site Niche. It serves over 10,000 students and is ranked in the top 20 of the most diverse school districts in Minnesota. In total, there are 11 elementary schools, four middle schools and three high schools. Most students attend Jefferson Senior High School, which earns an A-minus rating from Niche and offers 15 AP courses for higher education prep. For those interested in pursuing higher level degrees, Normandale Community College is located here and is the largest community college in Minnesota.

Kennedy Senior High School ranks #4 in most diverse high schools in Minnesota.
Kennedy Senior High School ranks #4 in most diverse high schools in Minnesota.
Valley View Middle has a student teacher ratio of 31 to 1.
Valley View Middle has a student teacher ratio of 31 to 1.
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Take the Metro Transit bus or commute into Minneapolis on U.S. I-35W

Interstates 35W and 494 intersect along the city’s northern border, connecting residents to neighboring areas and downtown Minneapolis all within a 10-mile drive. Public bus routes are provided by the Metro Transit bus system, which operates throughout the city or when traveling farther, the Minneapolis-Saint Paul International Airport is 8 miles away. For healthcare, the M Health Fairview Southdale Hospital is 5 miles north of the community.

Crime

According to FBI data, in general, Bloomington experiences lower crime rates than most cities in the U.S. In 2023, the Bloomington Police Department reported significantly less incidents than the national average. "Crime is low because we have the best police around and a very involved police chief who says, 'In Bloomington if people break the law, we lock them up,'" White adds.

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Interested in learning more about homes in this area? Reach out to Rich Kelley, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Bloomington Housing Trends

Housing Trends

Median List Price
$358,500
Median Sale Price
$360,000
Median Single Family Sale Price
$380,000
Median Townhouse Sale Price
$295,000
Median 2 Bedroom Sale Price
$177,750
Median Change From 1st List Price
0%
Last 12 months Home Sales
784
Median Home Sale Price YoY Change
2%
Average Price Per Sq Ft
$201

Area Facts

Number of Homes in Neighborhood
20,997
Number of Homes for Sale
114
Median Year Built
1968
Months of Supply
1.70
Average Single Family Home Size Sq Ft
1,706
Below the national average
1,925
Average Townhouse Size Sq Ft
1,485
Average 2 Bedroom Size Sq Ft
1,215
Average 1 Bedroom Size Sq Ft
959
Average Studio Size Sq Ft
500
Median Lot Size Sq Ft
12,632

Open Houses

  • Saturday, Sep 20
    Open Sat 12PM - 2PM

    2225 Village Terrace, Minneapolis, MN 55431

    $500,000

    • 3 Beds
    • 2.5 Baths
    • 1,998 Sq Ft
    • 2225 Village Terrace
    • New 4 days ago

    Welcome to a rare opportunity for refined, executive one-level living along Nine Mile Creek and Moir Park. This exceptional residence is defined by its superior fit and finish, with soaring vaulted ceilings, a dramatic two-story wall of windows, and timeless architectural detailing that frame inspiring natural views. Every space is designed with care—from the chef’s kitchen with granite

    Jason Zoellner Edina Realty, Inc.

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  • Saturday, Sep 20
    Open Sat 10AM - 11:30AM

    10617 Sheridan Ave S, Minneapolis, MN 55431

    $369,000

    • 3 Beds
    • 2 Baths
    • 1,848 Sq Ft
    • 10617 Sheridan Ave S
    • New 9 days ago

    Fantastic opportunity to invest in your future! House is move-in ready, with many recent updates including a NEW ROOF in 2024, new central air conditioning, new Andersen windows, gas fireplace, and finished basement, which includes a second full bathroom. Refinish the hardwood floors throughout the main floor, add a fourth bedroom and update the kitchen to your liking to unlock its full potential

    Staci Amundson Re/Max Results

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Bloomington

Property Mix - Square Feet

Bloomington Has More Owners

Demographics

Total Population
87,633
Median Age
43
Population under 18
21.4%
On par with the national average
23.8%
Population over 65
23.3%
On par with the national average
19.1%

Finances

Median Household Income
$84,699
Above the national average
$71,702
Average Household Income
$106,444

Education and Workforce

High School Graduates
93.4%
College Graduates
44.8%
Above the national average
34.1%
Advanced Degrees
14.1%
% Population in Labor Force
71.2%
Above the national average
65.1%

Weather

Annual Precipitation
31''
Average Winter Low Temperature
9°F
Average Summer High Temperature
83°F
Annual Snowfall
60''

Area Factors

Somewhat Bikeable

Bike Score®®

39 / 100

Car-Dependent

Walk Score®®

36 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Bloomington