The Most Affordable Neighborhoods in East Bloomington, Bloomington, MN by Home Value

 

East Bloomington, Bloomington, MN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the East Bloomington area can be challenging. Home prices in East Bloomington are now at a median cost of $248,099, lower than the Bloomington average of $300,035.

The average cost of rent is $1,163/mo in East Bloomington, primarily driven by the current value of real estate in the East Bloomington area. While nearly 36.36% of residents own their homes outright in East Bloomington, 54.01% rent.

Housing affordability isn’t just about home prices, though. The average household income in East Bloomington is $4,993 per month. Households that rent pay about 23.30% of their income on rent here. East Bloomington's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the neighborhood.


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