The housing market in 92316 Bloomington, CA is an attractive option for buyers. The median value of homes in the area stands at $475,300, which is significantly higher than the national median value of $338,100. Furthermore, the one year appreciation rate for homes in 92316 Bloomington, CA is 10.27%, which is higher than the national average of 8.27%. Thus, investing in real estate in this area can be a great decision for potential buyers looking to gain from home appreciation and benefit from living in a desirable location.
The median home cost in Bloomington (zip 92316) is $475,300. Home appreciation the last 10 years has been 189.0%. Home Appreciation in Bloomington (zip 92316) is up 16.6%.
Average Age of Homes
- The median age of Bloomington (zip 92316) real estate is 41 years old
The Rental Market in Bloomington (zip 92316)
- Renters make up 24.7% of the Bloomington (zip 92316) population
- 1.7% of houses and apartments in Bloomington (zip 92316), 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.