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
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
Key Differences
Home Prices
Bloomington's median home price of $374,793.3 is lower than Burnsville's $383,346.54 by 2%.
Monthly Rent
Renting in Bloomington costs $1,742.74/mo compared to $1,664.45/mo in Burnsville—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.