The housing market in Bloomingdale, IL is currently flourishing. The median value of a home in Bloomingdale is $351,400, which is slightly higher than the US median house value of $338,100. Over the past year, the US housing appreciation rate was 8.27%, but Bloomingdale experienced an even higher rate of 9.73%. This indicates that homes in Bloomingdale are being acquired and appreciated faster than those across the country as a whole. Therefore, should potential buyers be looking for a place to live with a booming real estate market and good investment opportunities, Bloomingdale could be an ideal choice.
The median home cost in Bloomingdale is $351,400. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Bloomingdale is up 12.6%.
Average Age of Homes
- The median age of Bloomingdale real estate is 35 years old
The Rental Market in Bloomingdale
- Renters make up 26.7% of the Bloomingdale population
- 1.6% of houses and apartments in Bloomingdale, 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.