Bloomfield, KY—40008
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bloomfield, KY
As of Oct '25, the median home price in Bloomfield, KY is $252,000, with a year-over-year change of 4.7%. This indicates that home prices in Bloomfield, KY are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $252,000 | 4.7% |
| Single Family | $251,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $195,000 | 5.4% |
3 Bed | $271,000 | 4.6% |
4 Bed | $336,000 | 5.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bloomfield, KY
Bloomfield, KY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bloomfield, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Bloomfield, KY is 40. This is a decrease of -3.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $457,000 | 35.0% |
Listing Count | 17 | -4.0% |
| Listings as % of Homes | 1.0% | -4.0% |
Days on Market | 40 | -3.0% |
Demographics — Bloomfield, KY
As of the latest ACS Survey released in 2023, Bloomfield, KY has a population of 3,720, which has increased by 11.6% over the past 5 years. Bloomfield, KY is a moderately popular place for families, as children make up 16.9% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,720 | 11.6% |
% Under 18 | 16.9% | 1.2% |
% Seniors | 22.4% | 21.7% |
% WFH | 6.4% | 137.0% |
% w/ College Degree | 21.0% | 82.6% |
As of the latest ACS Survey released in 2023, Bloomfield, KY is a predominantly white area, with 92.7% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Bloomfield, KY is hispanic, making up 2.4% of the population. Foreign-born residents account for 0.5% of the population in Bloomfield, KY, and this percentage has increased by 400.0% 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 | 92.7% | -2.0% |
% Black | 2.2% | -45.0% |
% Hispanic | 2.4% | 242.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | 400.0% |
Mortgage and Risk — Bloomfield, KY
According to HUD data as of 2023, there were 76 mortgage originations in Bloomfield, KY, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Bloomfield, KY. Investor activity is low, as 3.0% 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 | 76 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Bloomfield, KY
Bloomfield, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 32 |
Total Units Section 8 | 32 |
% Rentals under Section 8 | 13.0% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $970 |
| 2 Bedroom | N/A | N/A | $1,180 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $1,760 |
Affordability — Bloomfield, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $252,000 |
| Median Household Income | $66,400 |