ZIP Code 55438 — Bloomington, MN Home Prices (2026)

The typical home in ZIP 55438 (Bloomington, Minnesota) is worth about $412,000 at roughly $200 per square foot — 8% more expensive than the Bloomington median and 40% more expensive than the typical U.S. home.

$412,000

Typical home value

$200

Price per sq ft

#1 of 5

Bloomington ZIPs by value

+8%

vs Bloomington median

How 55438 compares

ZIP 55438 is one of the pricier ZIP codes in Bloomington: its typical home value of $412,000 ranks #1 of the 5 Bloomington ZIP codes we track (the citywide range runs from $340,000 in 55420 to $412,000 in 55438). Per square foot it costs about $200, against $201 for Bloomington as a whole, $189 for Minnesota, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 55438	$412,000	$200
Bloomington, MN	$382,000	$201
Minnesota	$304,000	$189
United States	$294,000	$195

Home value by size in 55438

Using this ZIP’s rate of about $200 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$200,000
1,500 sq ft	$300,000
2,000 sq ft	$400,000
2,500 sq ft	$500,000
3,000 sq ft	$600,000

Salary needed to buy a home in ZIP 55438

To buy the typical $412,000 home in ZIP 55438 with 20% down, you need a household income of roughly $112,000 a year (about $2,620 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $133,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$20,600	$3,250/mo	$139,000/yr
10% (+PMI)	$41,200	$3,110/mo	$133,000/yr
20%	$82,400	$2,620/mo	$112,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 55438

At about $200 per square foot, here is roughly how much home different budgets get you in ZIP 55438:

Budget	Approx. size	What that looks like locally
$200k	1000 sq ft	below the local median — condos, smaller or older homes
$250k	1250 sq ft	below the local median — condos, smaller or older homes
$300k	1500 sq ft	below the local median — condos, smaller or older homes
$400k	2000 sq ft	around the typical home here
$500k	2500 sq ft	around the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 55438 home.

Estimate a specific home in 55438

The estimator below is pre-set to ZIP 55438 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Bloomington ZIP codes by home value

Where 55438 sits among Bloomington’s 5 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	55438 (this page)	$412,000	$200
2	55437	$401,000	$199
3	55431	$382,000	$201
4	55425	$348,000	$214
5	55420	$340,000	$209

ZIP 55438 home prices: frequently asked

What is the average home price in ZIP code 55438? +

The typical home in ZIP 55438 (Bloomington, MN) is worth about $412,000 as of 2026. That is 8% more expensive than the Bloomington median of $382,000 and 40% more expensive than the U.S. median of $294,000.

What is the price per square foot in 55438? +

About $200 per square foot in 55438, versus $201 across Bloomington and $189 across Minnesota. At that rate a 1,500 sq ft home runs roughly $300,000 and a 2,500 sq ft home about $500,000.

What salary do you need to buy a house in ZIP 55438? +

For the typical $412,000 home in ZIP 55438, a household income of about $112,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $133,000; with 5% down about $139,000.

Is 55438 an expensive ZIP code? +

Within Bloomington, 55438 ranks #1 of 5 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Bloomington. Nationally it is relatively expensive.

See the full Bloomington home values page, all Minnesota cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.