Bloomfield, CT—06002
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bloomfield, CT
As of Oct '25, the median home price in Bloomfield, CT is $344,000, with a year-over-year change of 5.4%. This indicates that home prices in Bloomfield, CT are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $344,000 | 5.4% |
| Single Family | $345,000 | 4.9% |
| Condos | $335,000 | 5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $269,000 | 5.9% |
3 Bed | $342,000 | 4.6% |
4 Bed | $417,000 | 6.1% |
| 5 Bed | $457,000 | 7.0% |
% of Housing Stock
Rental Trends — Bloomfield, CT
As of July '25, Rentcast reports the average rent in Bloomfield, CT is $2,430, with a year-over-year rent change of -21.6%. Per bedroom, the median rent as of July '25 in Bloomfield, CT is 1-bedrooms: $1,950, 2-bedrooms: $2,310, 3-bedrooms: $3,040, 4-bedrooms: $4,250. The most common rental property sizes in Bloomfield, CT are 2-bedroom and 1-bedroom, accounting for 54.6% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,840 | $1,950 |
| 2 Bed Rent | $2,250 | $2,310 |
| 3 Bed Rent | $2,700 | $3,040 |
| 4 Bed Rent | $4,250 | $4,250 |
% of Rental Stock
Property Listings — Bloomfield, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Bloomfield, CT is 18. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $372,000 | 0.0% |
Listing Count | 52 | -21.0% |
| Listings as % of Homes | 0.5% | -21.0% |
Days on Market | 18 | -14.0% |
Demographics — Bloomfield, CT
As of the latest ACS Survey released in 2023, Bloomfield, CT has a population of 21,500, which has increased by 2.8% over the past 5 years. Bloomfield, CT is a less popular place for families, as children make up 14.2% of the population. The area has a moderately educated workforce, with 39.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,500 | 2.8% |
% Under 18 | 14.2% | -1.4% |
% Seniors | 25.3% | -4.9% |
% WFH | 15.9% | 307.7% |
% w/ College Degree | 39.1% | 9.5% |
As of the latest ACS Survey released in 2023, Bloomfield, CT is a predominantly black area, with 55.1% of the population identifying as black. The black population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Bloomfield, CT is white, making up 29.9% of the population. Foreign-born residents account for 25.1% of the population in Bloomfield, CT, and this percentage has increased by 12.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 29.9% | 0.7% |
% Black | 55.1% | -6.8% |
% Hispanic | 7.6% | -2.6% |
% Asian | 4.0% | 53.8% |
% Foreign Born | 25.1% | 12.1% |
Mortgage and Risk — Bloomfield, CT
According to HUD data as of 2023, there were 367 mortgage originations in Bloomfield, CT, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Bloomfield, CT. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 367 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Bloomfield, CT
As of 2024, the percent of homes in Bloomfield, CT under the Section 8 program is 21.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Bloomfield, CT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 645 |
Total Units Section 8 | 579 |
% Rentals under Section 8 | 21.3% |
% Occupied Section 8 | 96.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $1,840 | $1,650 |
| 2 Bedroom | -$160 | $2,250 | $2,090 |
| 3 Bedroom | -$180 | $2,700 | $2,520 |
| 4 Bedroom | -$1,260 | $4,250 | $2,990 |
Affordability — Bloomfield, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $344,000 |
| Median Household Income | $97,400 |