Median Home Price
$374,793.3
Median Rent
$1,742.74/mo
Price-to-Rent RatioBETTER
17.9
Property Tax RateTIE
1.13%
Price Change (1Y)
+2.2%
Price Change (5Y)
+10.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$199,871
Median Home PriceBETTER
$361,220.37
Median RentBETTER
$1,644.38/mo
Price-to-Rent Ratio
18.3
Property Tax RateTIE
1.13%
Price Change (1Y)BETTER
+2.7%
Price Change (5Y)BETTER
+13.6%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$182,328
Key Differences
Home Prices
Bloomington's median home price of $374,793.3 is higher than Coon Rapids's $361,220.37 by 4%.
Monthly Rent
Renting in Bloomington costs $1,742.74/mo compared to $1,644.38/mo in Coon Rapids—a difference of $98.36/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.