Affordable & Income-Based Housing in Bloomington

Affordability

Bloomington has a median household income of $93,211 and a median asking rent of $1,561 per month, with renters making up 34% of occupied households, according to Census ACS 5-Year data (2024). Income-restricted housing in the city can offer meaningful savings for renters who qualify based on their household income.

Safety

According to FBI Crime Data Explorer, the Bloomington Police Department reported a violent crime rate of 323 per 100,000 residents in 2024. Note that crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

None of the 12 HUD-assisted properties in Bloomington are located in a FEMA-designated high-risk flood zone, based on available flood map data.

Getting Around Bloomington

According to Walk Score, the area around assisted properties in Bloomington scores 41 out of 100 (Car-Dependent), with a Bike Score of 37 out of 100. No Transit Score was available. Most errands and trips will likely require a car.

Schools

Bloomington is served by 30 schools across 4 districts, including 16 elementary, 6 middle, and 8 high schools, according to NCES Common Core of Data. Ratings and options vary by school and district, so renters should check the assigned schools for a specific address.

Cost of Renting in Bloomington, MN

The median household income in Bloomington is $93,211 per year, according to Census ACS 5-Year estimates. The median market rent is $1,561 per month, according to the same source, which helps illustrate why income-based housing can make a meaningful difference for renters here.

Lease Lantern tracks 12 income-restricted properties with 773 total units across Bloomington, spanning HUD-assisted and LIHTC housing. Rents at these properties are set based on area income limits rather than market rates.

• Median household income: $93,211/year (Census ACS 5-Year)
• Median market rent: $1,561/month (Census ACS 5-Year)
• Share of residents who rent: 34% (Census ACS 5-Year)
• Income-restricted units tracked: 773 across 12 properties

Environmental & Flood Risk

All 12 affordable housing properties in Bloomington have been mapped for flood risk. None are located in a high-risk flood zone, which is a positive indicator for renters concerned about flood exposure.