The housing market in Bloomington, IL is a great place to own property. The median value of homes in this city is currently at $208,600, which is substantially lower than the US house median value of $338,100. Furthermore, the appreciation rate for housing in Bloomington over the past year has been 14.21%, which is higher than the national average of 8.27%. This makes it an attractive option for potential buyers and investors alike. With such favorable conditions present in the local housing market, Bloomington may be a great place to purchase a home or invest in real estate.
The median home cost in Bloomington is $208,600. Home appreciation the last 10 years has been 40.7%. Home Appreciation in Bloomington is up 16.3%.
Average Age of Homes
- The median age of Bloomington real estate is 38 years old
The Rental Market in Bloomington
- Renters make up 34.5% of the Bloomington population
- 4.1% of houses and apartments in Bloomington, 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.