The housing market in Bloomfield, NY is thriving and a great place to invest. The median value of housing in the area is $253,700, which is significantly lower than the US median value of $338,100. However, what it lacks in price it more than makes up for in appreciation rate. In the past year alone, houses have seen an appreciation rate of 11.08%, compared to the US average of 8.27%. This indicates that real estate in Bloomfield has a strong potential for growth in the future and can make a great investment for those looking to purchase a home or invest in property.
The median home cost in Bloomfield is $253,700. Home appreciation the last 10 years has been 64.9%. Home Appreciation in Bloomfield is up 11.7%.
Average Age of Homes
- The median age of Bloomfield real estate is 72 years old
The Rental Market in Bloomfield
- Renters make up 31.2% of the Bloomfield population
- 0.9% 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.