Bloomington, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bloomington, CA Real Estate Data


Bloomington Housing Market Information

With a population of 24,632, 5,530 total housing units (homes and apartments), and a median house value of $289,308, 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 80.54% of the town's housing units. Other types of housing that are prevalent in Bloomington include mobile homes or trailers ( 9.24%), large apartment complexes or high rise apartments ( 5.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.85%).

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 71.52% of Bloomington's homes, and 66.45% 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 46.44% of the town's housing hails from this era. Other housing ages represented in Bloomington include homes built between 1970-1999 ( 39.11%) and housing constructed between 2000 and later ( 12.38%). There's also some housing in Bloomington built before 1939 ( 2.06%).

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 -1.89%, 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 6.61%, which is higher than appreciation rates in 81.16% 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 1.54%, which equates to an annual appreciation rate of 6.30%.

Relative to California, our data show that Bloomington's latest annual appreciation rate is higher than 50% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$289,308

Bloomington, CA HOME PRICES

Value Range
> $1,593,000 0.8
$1,195,001 - $1,593,000 0.6
$797,001 - $1,195,000 2.4
$637,001 - $797,000 2.1
$478,001 - $637,000 9.5
$319,001 - $478,000 27.5
$159,001 - $319,000 39.8
$80,001 - $159,000 7.1
$0 - $80,000 10.2

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
18.000819816127 70.2774108322325

Number Of Homes And Apartments:
5,530

Rent & Ownership

 

Average Market Rent:
$1,373 / per month

Homeownership Rate

Homeownership
Owners 71.52
Renters 28.48
Vacant 5.68

Housing Market Details

 

Age of Homes

AGE OF Bloomington HOMES
2000 or Newer 12.4
1970 - 1999 39.1
1940 - 1969 46.4
1939 or Older 2.1

Types of Homes

TYPE OF Bloomington HOMES
Single-Family 80.5
Townhomes 2.3
Small Apt. Buildings 2.8
Apt. Complexes 5.1
Mobile Homes 9.2
Other 0.0

Home Size

SIZE OF Bloomington HOMES
No Bedroom 0.67
1 Bedroom 9.30
2 Bedrooms 15.96
3 Bedrooms 51.20
4 Bedrooms 15.25
5 or more bedrooms 7.62

Bloomington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
128.68% 4.99% 10 10
* 10 is highest

Popular Neighborhoods in Bloomington

Zip Codes in Bloomington, CA