Bloomfield, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bloomfield Neighborhoods Since 2000




Bloomfield, IA 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

Bloomfield Housing Market Information

With a population of 2,617, 1,156 total housing units (homes and apartments), and a median house value of $121,831, house prices in Bloomfield are solidly below the national average.

Single-family detached homes are the single most common housing type in Bloomfield, accounting for 77.89% of the city's housing units. Other types of housing that are prevalent in Bloomfield include duplexes, homes converted to apartments or other small apartment buildings ( 9.57%), large apartment complexes or high rise apartments ( 7.07%), and a few mobile homes or trailers ( 4.18%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bloomfield. Owner-occupied housing accounts for 66.07% of Bloomfield's homes, and 50.08% have either three or four bedrooms, which is average sized relative to America.

The housing in Bloomfield was primarily built before 1939 ( 37.54%), making the housing stock in Bloomfield some of the oldest overall in America, although there is a range of ages of homes in Bloomfield. The next most important housing age is between 1970-1999 ( 29.48%), followed by between 1940-1969 ( 27.66%). There's also some housing in Bloomfield built between 2000 and later ( 5.32%).

Vacant housing appears to be an issue in Bloomfield. Fully 12.16% of the housing stock is classified as vacant. Left unchecked, vacant Bloomfield homes and apartments can be a drag on the real estate market, holding Bloomfield real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bloomfield Home Appreciation Rates

In the last 10 years, Bloomfield has experienced some of the highest home appreciation rates of any community in the nation. Bloomfield real estate appreciated 25.06% over the last ten years, which is an average annual home appreciation rate of 2.26%, putting Bloomfield in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bloomfield definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Bloomfield's appreciation rate, at 4.30%, has been at or slightly above the national average. In the latest quarter, Bloomfield's appreciation rate has been 0.99%, which annualizes to a rate of 4.00%.

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

Average Home Values

 

Median Home Value:
$121,831

Bloomfield, IA HOME PRICES

Value Range
> $1,111,000 1.7
$833,001 - $1,111,000 0.4
$555,001 - $833,000 2.1
$444,001 - $555,000 0.8
$333,001 - $444,000 4.0
$222,001 - $333,000 13.2
$111,001 - $222,000 28.2
$55,001 - $111,000 29.0
$0 - $55,000 20.5

Average for IA
Low for Nation

Value Relative to Nation Value Relative to State
64.4204851752022 52.0987654320988

Number Of Homes And Apartments:
1,156

Bloomfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
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
69.58% 3.11% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$810 / per month

Homeownership Rate

Homeownership
Owners 66.07
Renters 33.93
Vacant 12.16

Housing Market Details

 

Age of Homes

AGE OF Bloomfield HOMES
2000 or Newer 5.3
1970 - 1999 29.5
1940 - 1969 27.7
1939 or Older 37.5

Types of Homes

TYPE OF Bloomfield HOMES
Single-Family 77.9
Townhomes 1.3
Small Apt. Buildings 9.6
Apt. Complexes 7.1
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Bloomfield HOMES
No Bedroom 0.84
1 Bedroom 12.92
2 Bedrooms 34.50
3 Bedrooms 37.08
4 Bedrooms 12.99
5 or more bedrooms 1.67

Popular Neighborhoods in Bloomfield

Popular Communities Near Bloomfield, IA

Zip Codes in Bloomfield, IA