Bloomingdale, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bloomingdale Neighborhoods Since 2000




Bloomingdale, IL 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

Bloomingdale Housing Market Information

With 22,254 people, 8,968 houses or apartments, and a median cost of homes of $319,787, Bloomingdale house prices are not only among the most expensive in Illinois, Bloomingdale real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Bloomingdale, accounting for 44.73% of the village's housing units. Other types of housing that are prevalent in Bloomingdale include large apartment complexes or high rise apartments ( 26.36%), row houses and other attached homes ( 25.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.53%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bloomingdale. Owner-occupied housing accounts for 68.62% of Bloomingdale's homes, and 52.70% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bloomingdale built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bloomingdale built between 1940-1969 ( 11.39%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.27%).

Bloomingdale Home Appreciation Rates

Bloomingdale's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bloomingdale during the period has been just -1.81%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Bloomingdale's appreciation rate, at 4.94%, has been at or slightly above the national average. In the latest quarter, Bloomingdale's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Bloomingdale's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Bloomingdale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bloomingdale - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bloomingdale real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$319,787

Bloomingdale, IL HOME PRICES

Value Range
> $1,136,000 0.1
$852,001 - $1,136,000 1.6
$568,001 - $852,000 6.4
$454,001 - $568,000 8.4
$341,001 - $454,000 22.8
$227,001 - $341,000 28.9
$114,001 - $227,000 24.4
$57,001 - $114,000 4.6
$0 - $57,000 2.8

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
14.5786944802531 8.60759493670886

Number Of Homes And Apartments:
8,968

Bloomingdale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
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
24.77% 1.29% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,388 / per month

Homeownership Rate

Homeownership
Owners 68.62
Renters 31.38
Vacant 3.83

Housing Market Details

 

Age of Homes

AGE OF Bloomingdale HOMES
2000 or Newer 7.3
1970 - 1999 81.0
1940 - 1969 11.4
1939 or Older 0.3

Types of Homes

TYPE OF Bloomingdale HOMES
Single-Family 44.7
Townhomes 25.4
Small Apt. Buildings 3.5
Apt. Complexes 26.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bloomingdale HOMES
No Bedroom 0.82
1 Bedroom 11.12
2 Bedrooms 30.93
3 Bedrooms 33.24
4 Bedrooms 19.45
5 or more bedrooms 4.44