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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 24,339 people, 5,675 houses or apartments, and a median cost of homes of $461,729, 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 84.06% of the town's housing units. Other types of housing that are prevalent in Bloomington include mobile homes or trailers ( 8.07%), large apartment complexes or high rise apartments ( 4.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.08%).
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 65.49% of Bloomington's homes, and 66.77% 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 44.18% of the town's housing hails from this era. Other housing ages represented in Bloomington include homes built between 1970-1999 ( 40.59%) and housing constructed between 2000 and later ( 12.07%). There's also some housing in Bloomington built before 1939 ( 3.17%).
In the last 10 years, Bloomington has experienced some of the highest home appreciation rates of any community in the nation. Bloomington real estate appreciated 194.20% over the last ten years, which is an average annual home appreciation rate of 11.39%, putting Bloomington in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bloomington definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Bloomington appreciation rates have trailed the rest of the nation. In the last twelve months, Bloomington's appreciation rate has been 2.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bloomington were at -2.34%, which equates to an annual appreciation rate of -9.02%.
Notably, Bloomington's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Bloomington's latest annual appreciation rate is higher than 70% of the other cities and towns in California.
$2,578 / per month