Bloomington, IN


Highest Appreciating Bloomington Neighborhoods Since 2000

Bloomington, IN 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

Bloomington Housing Market Information

With a population of 84,067, 30,232 total housing units (homes and apartments), and a median house value of $192,703, 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 43.99% of the city's housing units. Other types of housing that are prevalent in Bloomington include single-family detached homes ( 35.22%), duplexes, homes converted to apartments or other small apartment buildings ( 9.96%), and a few row houses and other attached homes ( 7.89%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Bloomington is dominated by renter-occupied one, two, or no bedrooms apartments. 72.06% 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 1940-1969 ( 21.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.73%). There's also some housing in Bloomington built before 1939 ( 9.88%).

Bloomington Home Appreciation Rates

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 16.48% over the last ten years, which is an average annual home appreciation rate of 1.54%, putting Bloomington in the top 20% 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.

NeighborhoodScout's data show that during the latest twelve months, Bloomington's appreciation rate, at 4.30%, has been at or slightly above the national average. In the latest quarter, Bloomington's appreciation rate has been -2.78%, which annualizes to a rate of -10.68%.

Notably, Bloomington's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Bloomington's latest annual appreciation rate is higher than 60% 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:

Bloomington, IN HOME PRICES

Value Range
> $1,101,000 0.5
$826,001 - $1,101,000 0.1
$550,001 - $826,000 2.1
$441,001 - $550,000 4.2
$330,001 - $441,000 10.0
$220,001 - $330,000 19.3
$110,001 - $220,000 38.7
$55,001 - $110,000 20.5
$0 - $55,000 4.7

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
34.0735966248682 7.91855203619909

Number Of Homes And Apartments:

Bloomington Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
53.14% 2.50% 10 7
* 10 is highest

Rent & Ownership


Average Market Rent:
$946 / per month

Homeownership Rate

Owners 27.94
Renters 72.06
Vacant 9.45

Housing Market Details


Age of Homes

AGE OF Bloomington HOMES
2000 or Newer 19.7
1970 - 1999 48.9
1940 - 1969 21.5
1939 or Older 9.9

Types of Homes

TYPE OF Bloomington HOMES
Single-Family 35.2
Townhomes 7.9
Small Apt. Buildings 10.0
Apt. Complexes 44.0
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Bloomington HOMES
No Bedroom 2.84
1 Bedroom 21.67
2 Bedrooms 32.65
3 Bedrooms 27.83
4 Bedrooms 11.29
5 or more bedrooms 3.72