The story of this market
The typical home in ZIP 55420 sells for about $367,000, or $202 per square foot.
Prices are roughly flat from a year ago (-0.73%), a market in balance. Homes take about 19 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,283 a month.
ZIP 55420 — Bloomington
The housing market in 55420 remains competitive with low inventory levels, keeping prices relatively stable despite broader national fluctuations. Buyers are currently facing a tight supply of 1.6 months, which continues to support home values in this established suburban area. Market activity is largely driven by the area's strong employment base and convenient access to major regional transit corridors.
This ZIP is well-suited for families and commuters who prioritize proximity to major employment hubs and regional transit corridors while seeking established suburban housing stock.
Median prices moved down 0.7% year over year.
Homes spend a median of 19 days on market with 1.6 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 17.8% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 55420, Hennepin County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by Bloomington Public Schools (ISD 271), which maintains a stable reputation within the suburban Twin Cities educational landscape.
The region faces standard Midwestern climate risks, including severe thunderstorms and winter weather, with flood risk managed by local municipal infrastructure.
Economic momentum is driven by the proximity to the Mall of America and the Minneapolis-St. Paul International Airport, which serve as major regional employment anchors.
Property taxes are assessed at the county level by Hennepin County, with rates determined by local municipal and school district levies.
Residents benefit from direct access to I-35W and I-494, providing efficient transit to both downtown Minneapolis and the St. Paul employment cores.
The area features extensive access to the Minnesota Valley National Wildlife Refuge, local neighborhood parks, and proximity to major retail hubs like the Mall of America.
The rental market is characterized by steady demand due to the area's central location, with a mix of multi-family complexes and single-family rental inventory.
The economy is anchored by the retail, hospitality, and aviation sectors, heavily influenced by the Mall of America and the nearby Minneapolis-St. Paul International Airport.
The area is highly accessible via the I-35W and I-494 highway interchange, with additional connectivity provided by Metro Transit bus routes.
Ongoing planning efforts focus on the South Loop area to increase residential density and improve pedestrian connectivity to transit hubs.
Hennepin County Assessor manages property valuations, utilizing a mass appraisal system to determine annual tax liabilities.
Parcels are subject to Bloomington Public Schools (ISD 271) levies and Hennepin County regional service districts.
Property insurance premiums are influenced by regional weather patterns, including wind and hail exposure common in the Twin Cities metro.
Minnesota operates primarily as a non-judicial foreclosure state, with specific statutory notice and redemption periods.
Sellers are required to provide a comprehensive disclosure statement regarding the condition of the property at the time of listing.
Data retrieved from data.census.gov for ZCTA 55420.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Mall of America®4.62 mi
- Valleyfair4.29.1 mi
- Great Wolf Lodge | Minnesota3.92 mi
- Nickelodeon Universe4.52 mi
- Slick City Action Park4.519.1 mi
- U.S. Bank Stadium4.69.5 mi
- Grand Casino Arena4.611.3 mi
- Minneapolis Convention Center4.59.2 mi
- Minnesota State Fair4.710.9 mi
- Topgolf Brooklyn Center4.316.2 mi
- Mall of America®4.62 mi
- U.S. Bank Stadium4.69.5 mi
- Minnesota Zoo4.66.1 mi
- Como Park Zoo & Conservatory4.711.6 mi
- Valleyfair4.29.1 mi
- Minneapolis Institute of Art4.88.4 mi
- Science Museum of Minnesota4.611.3 mi
- University of Minnesota Landscape Arboretum4.816.9 mi
- Union Depot4.511.9 mi
- Walker Art Center4.59.1 mi
- Como Park Zoo & Conservatory4.711.6 mi
- Minneapolis Sculpture Garden4.79.2 mi
- Centennial Lakes Park4.73.3 mi
- Lake Harriet Regional Park4.86.6 mi
- Boom Island Park4.710.7 mi
- Watergate Marina4.56.6 mi
- The Minikahda Club4.47.7 mi
- Braemar Golf Course4.45.8 mi
- Puttery4.710 mi
- Brookview Golf Course and Lawn Bowling4.211.1 mi
- Hiawatha Golf Course3.85.9 mi
- Mall of America®4.62 mi
- Twin Cities Premium Outlets4.53.2 mi
- Karmel Mall4.17.8 mi
- Ridgedale Center4.412.1 mi
- Asia Mall4.38 mi
- Minneapolis-Saint Paul International Airport4.44.4 mi
- Shoyu3.74.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive protected green space and trails along the Minnesota River.
Major regional anchor providing extensive retail, dining, and entertainment options.
Prominent local facility for ice sports and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.