A typical Blooming Grove home is worth roughly $321,000
Home prices around Blooming Grove have risen about 46% over the past 5 years.
What kind of housing town is Blooming Grove?
Read from the numbers below. The page puts what stands out first.
91% of Blooming Grove households own their home
Half of Blooming Grove’s homes were built before 1955.
Minnesota: 72% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Home prices up 46% in 5 years
The federal house price index for the ZIP codes around Blooming Grove rose 46% over the past 5 years, faster than across Minnesota (37%). Last year prices fell 0.7%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Blooming Grove, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 3.4 years of income
Less than across Minnesota (3.9 years). Try your own numbers below.
That covers a typical Blooming Grove home, with $45K to spare.
A two-bedroom rents for about $1,080 a month here, $820 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Blooming Grove’s typical property tax (0.82% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,080
Renters already here pay a median of $1,417.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Rice County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Blooming Grove vs. its neighbors
Blooming Grove is the 2nd least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Blooming Grove | $321K* | −0.7%† | $1,080 | $93,125 |
| Woodville | $310K* | −3.4%† | $1,060 | $81,042 |
| Deerfield | — | +0.4%† | $1,150 | $97,222 |
| Morristown | $326K | +3.3% | $1,190 | $85,417 |
| Iosco | — | +0.1%† | $1,060 | $109,167 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Blooming Grove buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.