Bloomington is a major suburban employment hub, home to the Mall of America and several corporate headquarters. Hennepin County's property tax rate applies here, and above-median incomes support demand for homes priced moderately higher than the Twin Cities metro average.
Recommended for incomes above $100k/yr (28% DTI rule)
Bloomington housing market
The 1.28% property tax rate reflects the county-level effective rate for Bloomington and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Minnesota average — county-level data produces more accurate monthly payment estimates for Bloomington buyers. Many Bloomington properties also carry HOA fees — the area average is approximately $200/month, which is not included in the calculator above.
Rate history
Compare statewide
Minnesota Mortgage Calculator →
See statewide averages and other Minnesota cities.
Not sure what to offer?
Try the Affordability Calculator →
Find your max home price based on income and debts.
Comparing loan offers?
Mortgage Comparison Worksheet →
Line up lender quotes side by side in a free spreadsheet.
FAQ