Bloomfield, CT 06002 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Bloomfield, CT—06002

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$347,000

5.0% YoY Growth

Household Income

$97,400

26.6% YoY Growth

Days on Market

16.0% Shorter YoY

Home Price Forecast

3.6%

Median Rent

$2,250

21.6% YoY Growth

1-Bed Rent

$1,840

N/A

2-Bed Rent

$2,250

N/A

3-Bed Rent

$2,700

N/A

Home Price Trends — Bloomfield, CT

As of Dec '25, the median home price in Bloomfield, CT is $347,000, with a year-over-year change of 5.0%. This indicates that home prices in Bloomfield, CT are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$347,000	5.0%
Single Family	$347,000	4.2%
Condos	$343,000	5.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

6.9%

1 Bedroom

27.5%

2 Bedrooms

54.6%

3 Bedrooms

8.9%

4 Bedrooms

1.5%

5+ Bedrooms

0.6%

Property Listings — Bloomfield, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Bloomfield, CT is 25. This is a decrease of -34.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$355,000	2.0%
Listing Count	57	-2.0%
Listings as % of Homes	0.5%	-2.0%
Days on Market	53	-16.0%

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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%

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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%

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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%

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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

Bloomfield, CT—06002

Key Metrics at a Glance

Home Price Trends — Bloomfield, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bloomfield, CT

% of Rental Stock

Property Listings — Bloomfield, CT

Demographics — Bloomfield, CT

Race and Ethnicity

Mortgage and Risk — Bloomfield, CT

Mortgages

Rentals and Section 8 — Bloomfield, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Bloomfield, CT

Home Price to Income Ratio

Bloomfield, CT — ZIP Code Boundary Map

Nearby ZIP Codes

West Hartford, CT

Hartford, CT

Windsor, CT

Simsbury, CT

Hartford, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$347,000
Median Household Income	$97,400

Bloomfield, CT—06002

Key Metrics at a Glance

Home Price Trends — Bloomfield, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bloomfield, CT

% of Rental Stock

Property Listings — Bloomfield, CT

Demographics — Bloomfield, CT

Race and Ethnicity

Mortgage and Risk — Bloomfield, CT

Mortgages

Rentals and Section 8 — Bloomfield, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Bloomfield, CT

Home Price to Income Ratio

Bloomfield, CT — ZIP Code Boundary Map

Nearby ZIP Codes

West Hartford, CT

Hartford, CT

Windsor, CT

Simsbury, CT

Hartford, CT

Frequently Asked Questions

What is the average home price in Bloomfield, CT 06002?

How have home prices in Bloomfield, CT 06002 changed over the past year?

What is the home price projection for Bloomfield, CT 06002?

What are the demographics of Bloomfield, CT 06002?

How long does it take homes to sell in Bloomfield, CT 06002?

What is the average rent price in Bloomfield, CT 06002?