The housing market in Bloomfield, IA is performing well compared to the national average. The median value of homes in Bloomfield is $180,500 which is significantly lower than the US median value of $338,100. Additionally, while the US has seen a 1 year appreciation rate of 8.27%, homes in Bloomfield have been appreciating at a rate of 11.61%. This demonstrates that the housing market in Bloomfield is expanding faster than it is nationally and that it could be an attractive option for those interested in investing in real estate.
The median home cost in Bloomfield is $180,500. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Bloomfield is up 15.1%.
Average Age of Homes
- The median age of Bloomfield real estate is 60 years old
The Rental Market in Bloomfield
- Renters make up 25.8% of the Bloomfield population
- 2.3% 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.