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 DifferenceBETTER
$199,871
Median Home PriceBETTER
$292,367.98
Median RentBETTER
$999.24/mo
Price-to-Rent Ratio
24.4
Property Tax RateTIE
1.13%
Price Change (1Y)BETTER
+3.0%
Price Change (5Y)BETTER
+14.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$210,792
Key Differences
Home Prices
Bloomington's median home price of $374,793.3 is higher than Moorhead's $292,367.98 by 28%.
Monthly Rent
Renting in Bloomington costs $1,742.74/mo compared to $999.24/mo in Moorhead—a difference of $743.5/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.