The housing market in Bloomingdale, IN is booming. The median value of houses in the city is $108,000, which is significantly lower than the US median house value of $338,100. Despite the lower median value, the 1 year appreciation rate for houses in Bloomingdale has been 14.15%, compared to just 8.27% nationally. This indicates that the housing market in Bloomingdale is quickly improving and offers prospective buyers an attractive opportunity to invest in real estate at a relatively affordable price.
The median home cost in Bloomingdale is $108,000. Home appreciation the last 10 years has been 66.3%. Home Appreciation in Bloomingdale is up 15.4%.
Average Age of Homes
- The median age of Bloomingdale real estate is 78 years old
The Rental Market in Bloomingdale
- Renters make up 4.7% of the Bloomingdale population
- 0.0% 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.