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
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%).
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Bloomington HOMES|
|2000 or Newer||19.7|
|1970 - 1999||48.9|
|1940 - 1969||21.5|
|1939 or Older||9.9|
|TYPE OF Bloomington HOMES|
|Small Apt. Buildings||10.0|
|SIZE OF Bloomington HOMES|
|5 or more bedrooms||3.72|