The housing market in Bloomfield, NM is experiencing impressive growth. The median value of a house in Bloomfield is currently $173,300, which is lower than the US median value of $338,100. However, over the past year Bloomfield has seen an impressive 15.14% appreciation rate compared with an 8.27% nationwide rate. This trend suggests that now may be a great time to purchase property in the area as prices are likely to continue to rise in the near future.
The median home cost in Bloomfield is $173,300. Home appreciation the last 10 years has been 37.1%. Home Appreciation in Bloomfield is up 13.4%.
Average Age of Homes
- The median age of Bloomfield real estate is 35 years old
The Rental Market in Bloomfield
- Renters make up 33.3% of the Bloomfield population
- 2.2% 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.