Apple Valley vs Bloomington
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Bloomington has an edge
Bloomington currently favors renting, with better rent-to-price dynamics.
Median Home Price
$383,346.54
Median RentBETTER
$1,664.45/mo
Price-to-Rent Ratio
19.2
Property Tax RateTIE
1.13%
Price Change (1Y)
+1.7%
Price Change (5Y)
+8.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$243,352
Median Home PriceBETTER
$374,793.3
Median Rent
$1,742.74/mo
Price-to-Rent RatioBETTER
17.9
Property Tax RateTIE
1.13%
Price Change (1Y)BETTER
+2.2%
Price Change (5Y)BETTER
+10.8%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$199,871
Key Differences
Home Prices
Apple Valley's median home price of $383,346.54 is higher than Bloomington's $374,793.3 by 2%.
Monthly Rent
Renting in Apple Valley costs $1,664.45/mo compared to $1,742.74/mo in Bloomington—a difference of $78.29/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.