The housing market in Bloomfield, CT is in a healthy state. The median value for homes in the area is $260,000 which is significantly lower than the national median value of $338,100. Additionally, the appreciation rate of 9.34% over the past year has outpaced the national average of 8.27%. This indicates that there is an increasing demand for houses in Bloomfield, CT and a healthy trend of property values rising.
The median home cost in Bloomfield is $260,000. Home appreciation the last 10 years has been 44.2%. Home Appreciation in Bloomfield is up 14.1%.
Average Age of Homes
- The median age of Bloomfield real estate is 48 years old
The Rental Market in Bloomfield
- Renters make up 26.0% of the Bloomfield population
- 0.4% of houses and apartments in Bloomfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.