The housing market in Bloomingdale, TN is thriving. The median value of homes in the area is currently at $137,200, which is significantly lower than the national median value of $338,100. However, the 1 year house appreciation rate in Bloomingdale has been climbing and currently sits at 20.28%, which is much higher than the national average of 8.27%. This indicates that house prices in Bloomingdale are on an upward trend, making it a great place to invest in real estate.
The median home cost in Bloomingdale is $137,200. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Bloomingdale is up 24.2%.
Average Age of Homes
- The median age of Bloomingdale real estate is 50 years old
The Rental Market in Bloomingdale
- Renters make up 23.8% of the Bloomingdale population
- 0.5% 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.