The median value of housing in Bloomington, IL (zip code 61704) is $254,500, which is significantly lower than the national median of $338,100. In addition to being more affordable than the US average, homes in Bloomington also appreciate at a higher rate than the nation as a whole. The US home appreciation rate over the last year has been 8.27%, while homes in Bloomington have appreciated at 14.21%. This indicates that investing in housing here can be a sound financial decision, and may give homeowners a larger return on their investment over time.
The median home cost in Bloomington (zip 61704) is $254,500. Home appreciation the last 10 years has been 40.7%. Home Appreciation in Bloomington (zip 61704) is up 16.3%.
Average Age of Homes
- The median age of Bloomington (zip 61704) real estate is 26 years old
The Rental Market in Bloomington (zip 61704)
- Renters make up 27.0% of the Bloomington (zip 61704) population
- 3.4% of houses and apartments in Bloomington (zip 61704), 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.