Bloomington, IN—47462
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bloomington, IN
As of Oct '25, the median home price in Bloomington, IN is $260,000, with a year-over-year change of 3.3%. This indicates that home prices in Bloomington, IN are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $260,000 | 3.3% |
| Single Family | $260,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $191,000 | 2.1% |
3 Bed | $268,000 | 3.9% |
4 Bed | $355,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bloomington, IN
Bloomington, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bloomington, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Bloomington, IN is 63. This is a decrease of -22.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | -19.0% |
Listing Count | 16 | 74.0% |
| Listings as % of Homes | 0.5% | 74.0% |
Days on Market | 63 | -22.0% |
Demographics — Bloomington, IN
As of the latest ACS Survey released in 2023, Bloomington, IN has a population of 4,950, which has increased by 13.3% over the past 5 years. Bloomington, IN is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 27.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,950 | 13.3% |
% Under 18 | 23.4% | -6.8% |
% Seniors | 8.9% | -12.7% |
% WFH | 5.0% | 51.5% |
% w/ College Degree | 27.4% | 69.1% |
As of the latest ACS Survey released in 2023, Bloomington, IN is a predominantly white area, with 96.0% of the population identifying as white. The white population has shrunk by 0.3% in the last 5 years. The second most common race or ethnicity in Bloomington, IN is hispanic, making up 1.5% of the population. Foreign-born residents account for 0.7% of the population in Bloomington, IN, and this percentage has decreased by 70.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.0% | -0.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.5% | 50.0% |
% Asian | 0.3% | -25.0% |
% Foreign Born | 0.7% | -70.8% |
Mortgage and Risk — Bloomington, IN
According to HUD data as of 2023, there were 66 mortgage originations in Bloomington, IN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Bloomington, IN. Investor activity is low, as 0.0% of loans were by investors. 27.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 66 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 27.0% |
Loan Activity
Rentals and Section 8 — Bloomington, IN
Bloomington, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $890 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | $200 | $1,200 | $1,400 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Bloomington, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $260,000 |
| Median Household Income | $90,200 |