The story of this market
The typical home in ZIP 55431 sells for about $399,950, or $185 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,699 a month.
ZIP 55431 — Bloomington
The 55431 housing market remains stable with a strong seller-market index, supported by consistent demand for established suburban homes. While inventory remains tight, price growth has moderated compared to previous years, reflecting a balanced but competitive environment for buyers.
This ZIP is ideal for families and commuters who value a quiet, established suburban environment with quick access to major highways and extensive park systems.
Median prices moved up 2.1% year over year.
Homes spend a median of 32 days on market with 2.4 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 4.8% — a stable, low-distress 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 5.6%/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 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55431, 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.
Crime rates in Bloomington are generally lower than the national average, with property crime being the most frequently reported incident type.
The area is served by Bloomington Public Schools, which maintains a solid reputation for academic performance and diverse extracurricular offerings.
The region faces moderate risks related to severe winter weather and occasional heavy rainfall, with standard insurance coverage typically addressing these climate-related exposures.
Bloomington serves as a major economic hub in the Twin Cities, anchored by the Mall of America and proximity to Minneapolis-St. Paul International Airport, driving consistent commercial and residential demand.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Residents enjoy excellent connectivity to the Twin Cities employment core via I-494 and I-35W, with most commutes to downtown Minneapolis or St. Paul averaging 20-30 minutes.
The ZIP features extensive outdoor amenities including Moir Park, Nine Mile Creek trails, and Normandale Lake Park, providing ample space for walking, biking, and pickleball.
The rental market is competitive with low vacancy rates, driven by demand from young professionals and those seeking proximity to major employment centers.
The economy is anchored by the Mall of America, major corporate headquarters, and a robust service and hospitality sector.
The area is well-served by major highway corridors I-494 and I-35W, with access to Metro Transit bus routes and nearby light rail stations.
Development is focused on infill projects and the modernization of existing commercial corridors to support increased density.
Hennepin County Assessor manages property valuations with a focus on annual market adjustments to reflect current sales data.
Parcels are subject to Bloomington Public Schools (ISD 271) and various municipal utility districts.
Property insurance premiums are stable, reflecting the area's low risk for major natural disasters compared to other regions.
Data retrieved from data.census.gov ZCTA-level tables.
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®4.63.7 mi
- Valleyfair4.27.3 mi
- Great Wolf Lodge | Minnesota3.93.5 mi
- Nickelodeon Universe4.53.7 mi
- Slick City Action Park4.518.9 mi
- U.S. Bank Stadium4.610.2 mi
- Grand Casino Arena4.612.9 mi
- Minneapolis Convention Center4.59.8 mi
- Minnesota State Fair4.712.1 mi
- Topgolf Brooklyn Center4.316.6 mi
- Mall of America®4.63.7 mi
- U.S. Bank Stadium4.610.2 mi
- Minnesota Zoo4.67.1 mi
- Como Park Zoo & Conservatory4.712.9 mi
- Valleyfair4.27.3 mi
- Minneapolis Institute of Art4.89 mi
- Science Museum of Minnesota4.612.8 mi
- University of Minnesota Landscape Arboretum4.815.2 mi
- Union Depot4.513.5 mi
- Walker Art Center4.59.5 mi
- Como Park Zoo & Conservatory4.712.9 mi
- Minneapolis Sculpture Garden4.79.6 mi
- Centennial Lakes Park4.72.6 mi
- Lake Harriet Regional Park4.86.7 mi
- Boom Island Park4.711.3 mi
- Your Boat Club Prior Lake4.77.2 mi
- The Minikahda Club4.47.8 mi
- Braemar Golf Course4.44.5 mi
- Puttery4.710.6 mi
- Brookview Golf Course and Lawn Bowling4.210.7 mi
- Hiawatha Golf Course3.86.9 mi
- Mall of America®4.63.7 mi
- Twin Cities Premium Outlets4.54.7 mi
- Karmel Mall4.18.3 mi
- Ridgedale Center4.411.4 mi
- Asia Mall4.36.5 mi
- Minneapolis-Saint Paul International Airport4.45.9 mi
- Shoyu3.75.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features extensive walking paths and access to Nine Mile Creek.
A large recreational area with trails and scenic water views.
Popular corridor for hiking and cycling throughout the city.
Key-figure check: median price diverges 12.3% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $350,700 (-12.3% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.