Bloomington, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bloomington, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bloomington Housing Market Information

With 24,632 people, 5,751 houses or apartments, and a median cost of homes of $274,172, Bloomington real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bloomington, accounting for 81.86% of the town's housing units. Other types of housing that are prevalent in Bloomington include mobile homes or trailers ( 8.94%), large apartment complexes or high rise apartments ( 4.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bloomington. Owner-occupied housing accounts for 71.87% of Bloomington's homes, and 69.12% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bloomington's housing was primarily built during this period, from the '40s through the '60s. A full 45.30% of the town's housing hails from this era. Other housing ages represented in Bloomington include homes built between 1970-1999 ( 40.86%) and housing constructed between 2000 and later ( 12.00%). There's also some housing in Bloomington built before 1939 ( 1.84%).

Bloomington Home Appreciation Rates

Bloomington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bloomington during the period has been just -1.90%, which is lower than 80% of US communities.

Appreciation rates are so strong in Bloomington that despite a nationwide downturn in the housing market, Bloomington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bloomington appreciation rates continue to be some of the highest in America, at 8.63%, which is higher than appreciation rates in 89.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bloomington. Bloomington appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.32%.

Importantly, this makes Bloomington one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to California, our data show that Bloomington's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$274,172

Bloomington, CA HOME PRICES

Value Range
> $1,473,000 0.7
$1,105,001 - $1,473,000 0.7
$737,001 - $1,105,000 2.6
$589,001 - $737,000 1.9
$442,001 - $589,000 11.2
$295,001 - $442,000 31.5
$147,001 - $295,000 37.9
$74,001 - $147,000 5.9
$0 - $74,000 7.4

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
19.19313254424 72.2222222222222

Number Of Homes And Apartments:
5,751

Bloomington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
135.62% 5.09% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,302 / per month

Homeownership Rate

Homeownership
Owners 71.87
Renters 28.13
Vacant 5.33

Housing Market Details

 

Age of Homes

AGE OF Bloomington HOMES
2000 or Newer 12.0
1970 - 1999 40.9
1940 - 1969 45.3
1939 or Older 1.8

Types of Homes

TYPE OF Bloomington HOMES
Single-Family 81.9
Townhomes 1.7
Small Apt. Buildings 3.3
Apt. Complexes 4.2
Mobile Homes 8.9
Other 0.0

Home Size

SIZE OF Bloomington HOMES
No Bedroom 1.07
1 Bedroom 5.47
2 Bedrooms 18.72
3 Bedrooms 52.86
4 Bedrooms 16.26
5 or more bedrooms 5.63

Popular Neighborhoods in Bloomington

Zip Codes in Bloomington, CA