Bloomfield, IN 47424 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Bloomfield, IN—47424

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$218,000

7.8% YoY Growth

Household Income

$69,000

27.4% YoY Growth

Days on Market

88

17.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$750

31.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$750

31.8% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Bloomfield, IN

Bloomfield, IN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$218,000	7.8%
Single Family	$219,000	8.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	$165,000	12.2%

Rental Trends — Bloomfield, IN

As of July '25, Rentcast reports the average rent in Bloomfield, IN is $862, with a year-over-year rent change of 31.8%. Per bedroom, the median rent as of July '25 in Bloomfield, IN is 2-bedrooms: $862. The most common rental property sizes in Bloomfield, IN are 3-bedroom and 2-bedroom, accounting for 48.9% and 19.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$750	$862
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$750	$862
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

15.6%

1 Bedroom

13.5%

2 Bedrooms

19.9%

3 Bedrooms

48.9%

4 Bedrooms

2.1%

Property Listings — Bloomfield, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Bloomfield, IN is 56. This is a decrease of -2.0% 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	$270,000	-1.0%
Listing Count	27	11.0%
Listings as % of Homes	0.6%	11.0%
Days on Market	88	17.0%

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Demographics — Bloomfield, IN

As of the latest ACS Survey released in 2023, Bloomfield, IN has a population of 8,620, which has decreased by -2.5% over the past 5 years. Bloomfield, IN is a moderately popular place for families, as children make up 21.0% of the population. The area has a poorly educated workforce, with 17.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,620	-2.5%
% Under 18	21.0%	14.1%
% Seniors	22.3%	0.0%
% WFH	8.0%	471.4%
% w/ College Degree	17.6%	13.5%

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As of the latest ACS Survey released in 2023, Bloomfield, IN is a predominantly white area, with 96.4% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Bloomfield, IN is black, making up 0.7% of the population. Foreign-born residents account for 0.3% of the population in Bloomfield, IN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	96.4%	-1.3%
% Black	0.7%	0.0%
% Hispanic	0.5%	-37.5%
% Asian	0.1%	-83.3%
% Foreign Born	0.3%	0.0%

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Mortgage and Risk — Bloomfield, IN

According to HUD data as of 2023, there were 228 mortgage originations in Bloomfield, IN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Bloomfield, IN. Investor activity is low, as 1.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	228
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	22.0%

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Rentals and Section 8 — Bloomfield, IN

Bloomfield, IN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	130
Total Units Section 8	38
% Rentals under Section 8	4.8%
% Occupied Section 8	68.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$740
2 Bedroom	$220	$750	$970
3 Bedroom	N/A	N/A	$1,260
4 Bedroom	N/A	N/A	$1,410

Bloomfield, IN—47424

Key Metrics at a Glance

Home Price Trends — Bloomfield, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bloomfield, IN

% of Rental Stock

Property Listings — Bloomfield, IN

Demographics — Bloomfield, IN

Race and Ethnicity

Mortgage and Risk — Bloomfield, IN

Mortgages

Rentals and Section 8 — Bloomfield, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Bloomfield, IN

Home Price to Income Ratio

Bloomfield, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Springville, IN

Solsberry, IN

Newberry, IN

Switz City, IN

Worthington, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$218,000
Median Household Income	$69,000

Bloomfield, IN—47424

Key Metrics at a Glance

Home Price Trends — Bloomfield, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Bloomfield, IN

% of Rental Stock

Property Listings — Bloomfield, IN

Demographics — Bloomfield, IN

Race and Ethnicity

Mortgage and Risk — Bloomfield, IN

Mortgages

Rentals and Section 8 — Bloomfield, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Bloomfield, IN

Home Price to Income Ratio

Bloomfield, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Springville, IN

Solsberry, IN

Newberry, IN

Switz City, IN

Worthington, IN

Frequently Asked Questions

What is the average home price in Bloomfield, IN 47424?

How have home prices in Bloomfield, IN 47424 changed over the past year?

What is the home price projection for Bloomfield, IN 47424?

What are the demographics of Bloomfield, IN 47424?

How long does it take homes to sell in Bloomfield, IN 47424?

What is the average rent price in Bloomfield, IN 47424?