The housing market in Bloomingdale, MI is thriving. The median value for a house in Bloomingdale is currently $178,100, which is significantly less than the US median of $338,100. In the past year, the appreciation rate for housing in Bloomingdale has been 10.54%, whereas the US appreciation rate was 8.27%. This shows that the housing market in Bloomingdale is growing at a faster pace than other areas of the country. With this increase in value and promising growth, it’s no surprise that more and more people are looking to invest in housing in Bloomingdale.
The median home cost in Bloomingdale is $178,100. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Bloomingdale is up 14.9%.
Average Age of Homes
- The median age of Bloomingdale real estate is 75 years old
The Rental Market in Bloomingdale
- Renters make up 31.1% of the Bloomingdale population
- 1.5% 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.