Bloomington, MN Real Estate
According to census data in the year 2000 there were 37,098 housing units in Bloomington.
This represents a 3.6% growth from 35,815 in 1990.
Of those housing units, 37,098 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Bloomington is about 70.7%.
Bloomington's vacancy rate, including seasonal lodging, is about 1.9%.
Average household size is 2.3 people.
The majority of houses, apartments or condos in Bloomington were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 16.60% |
| Two Bedrooms | 26.10% |
| Three Bedrooms | 32.50% |
| Four Bedrooms | 18.80% |
| Five Bedrooms or more | 3.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $147,000 |
| Median Price asked for vacant units | $152,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.86 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $825 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 8.90% |
| Home Equity Loan | 12.80% |
| Simple Mortgage | 51.90% |
| Debt Free | 26% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
