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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bloomington, IN Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bloomington, IN Housing Market Trends

With a population of 79,107, 32,599 total housing units (homes and apartments), and a median house value of $299,783, Bloomington real estate is some of the most expensive in Indiana, although Bloomington home values aren't among America's most expensive.

Large apartment complexes or high rise apartments are the single most common housing type in Bloomington, accounting for 41.89% of the city's housing units. Other types of housing that are prevalent in Bloomington include single-family detached homes ( 35.92%), duplexes, homes converted to apartments or other small apartment buildings ( 10.79%), and a few row houses and other attached homes ( 8.57%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Bloomington is dominated by renter-occupied one, two, or no bedrooms apartments. 71.66% of Bloomington's dwellings are rentals.

There is a lot of housing in Bloomington 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 Bloomington built between 2000 and later ( 21.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.49%). There's also some housing in Bloomington built before 1939 ( 10.35%).

Bloomington Home Appreciation Rates

Appreciation rates for homes in Bloomington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.33%, which ranks in the top 50% nationwide. This equates to an annual average Bloomington house appreciation rate of 6.31%.

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 0.91%, 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 3.13%, which equates to an annual appreciation rate of 13.11%.

Relative to Indiana, our data show that Bloomington's latest annual appreciation rate is lower than 90% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bloomington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bloomington - 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 Bloomington real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$299,783

Bloomington, IN Home Prices
> $1,372,000
$1,029,001 - $1,372,000
$686,001 - $1,029,000
$549,001 - $686,000
$412,001 - $549,000
$274,001 - $412,000
$137,001 - $274,000
$68,001 - $137,000
$0 - $68,000
0.3%
0.3%
0.3%
0.3%
4.3%
4.3%
4.8%
4.8%
19.1%
19.1%
28.4%
28.4%
32.5%
32.5%
5.7%
5.7%
4.7%
4.7%
0% 100.0%
% of Homes
Very High

for Indiana

High

for nation

Number of Homes And Apartments:

32,599

Bloomington Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,584 / per month

Homeownership Rate

Owners
Renters
Vacant
28.3%
28.3%
71.7%
71.7%
9.8%
9.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.7%
21.7%
46.5%
46.5%
21.5%
21.5%
10.3%
10.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
35.9%
35.9%
8.6%
8.6%
10.8%
10.8%
41.9%
41.9%
2.8%
2.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.7%
4.7%
19.9%
19.9%
30.2%
30.2%
28.7%
28.7%
12.6%
12.6%
3.9%
3.9%
0% 100.0%
% of Homes