Housing in Bloomington
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Bloomington, Minnesota
The housing market in Bloomington is competitive, with the median sale price of a home reaching $275,000 over the three months ending May 2026, marking a 9.9% increase year-over-year. The median sale price per square foot in Bloomington was $122 in May 2026. For renters, the median monthly rent was $1,100 as of June 2026. The homeownership rate in Bloomington was 61.9% in 2024. Homes typically sell after 43 days on the market, indicating a relatively active market.
Housing
About Bloomington, Minnesota
Bloomington, Illinois, is a vibrant city in McLean County, known for its strong economy, educational institutions, and a comfortable quality of life. Historically, the city's growth has been influenced by agriculture, the development of railroads, and the rise of the insurance industry, with State Farm Insurance being a prominent long-standing employer. People are drawn to Bloomington for its blend of a slower pace of life with access to good hospitals, schools, and recreational activities. The city and its adjoining community, Normal, form the fastest-growing metropolitan area in Illinois, experiencing significant population growth over the past decades.
About Minnesota
Minnesota, often called the "Land of 10,000 Lakes," is known for its strong sense of community, outdoor lifestyle, and "Minnesota Nice" reputation. The state boasts a diverse and highly developed economy with major industries including healthcare and medical technology, food and agriculture, manufacturing, and financial services, and is home to numerous Fortune 500 companies. While winters are long and cold with significant snowfall, summers are hot and humid, offering a wide range of seasonal activities. The cost of living in Minnesota is generally lower than the national average, with housing and utilities being particularly affordable, contributing to its high quality of life.