Bloomingdale, IL—60108
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bloomingdale, IL
As of Oct '25, the median home price in Bloomingdale, IL is $422,000, with a year-over-year change of 5.6%. This indicates that home prices in Bloomingdale, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $422,000 | 5.6% |
| Single Family | $451,000 | 5.1% |
| Condos | $252,000 | 5.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $194,000 | 5.4% |
2 Bed | $300,000 | 4.5% |
3 Bed | $414,000 | 5.6% |
4 Bed | $531,000 | 5.1% |
| 5 Bed | $749,000 | 6.2% |
% of Housing Stock
Rental Trends — Bloomingdale, IL
As of July '25, Rentcast reports the average rent in Bloomingdale, IL is $2,240, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Bloomingdale, IL is 1-bedrooms: $1,720, 2-bedrooms: $2,120, 3-bedrooms: $2,780, 4-bedrooms: $4,630. The most common rental property sizes in Bloomingdale, IL are 1-bedroom and 2-bedroom, accounting for 47.1% and 36.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,020 | $2,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,740 | $1,720 |
| 2 Bed Rent | $2,020 | $2,120 |
| 3 Bed Rent | $2,610 | $2,780 |
| 4 Bed Rent | $3,750 | $4,630 |
% of Rental Stock
Property Listings — Bloomingdale, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Bloomingdale, IL is 37. This is a decrease of -17.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $441,000 | 6.0% |
Listing Count | 35 | -27.0% |
| Listings as % of Homes | 0.4% | -27.0% |
Days on Market | 37 | -17.0% |
Demographics — Bloomingdale, IL
As of the latest ACS Survey released in 2023, Bloomingdale, IL has a population of 23,400, which has increased by 2.9% over the past 5 years. Bloomingdale, IL is a moderately popular place for families, as children make up 19.9% of the population. The area has a moderately educated workforce, with 42.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,400 | 2.9% |
% Under 18 | 19.9% | 7.0% |
% Seniors | 24.3% | 20.3% |
% WFH | 16.6% | 286.0% |
% w/ College Degree | 42.3% | 11.6% |
As of the latest ACS Survey released in 2023, Bloomingdale, IL is a predominantly white area, with 69.2% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Bloomingdale, IL is asian, making up 14.3% of the population. Foreign-born residents account for 18.9% of the population in Bloomingdale, IL, and this percentage has decreased by 0.5% 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 | 69.2% | -0.7% |
% Black | 4.1% | 20.6% |
% Hispanic | 11.4% | -5.8% |
% Asian | 14.3% | 4.4% |
% Foreign Born | 18.9% | -0.5% |
Mortgage and Risk — Bloomingdale, IL
According to HUD data as of 2023, there were 383 mortgage originations in Bloomingdale, IL, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Bloomingdale, IL. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 383 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Bloomingdale, IL
As of 2024, the percent of homes in Bloomingdale, IL under the Section 8 program is 2.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Bloomingdale, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 62 |
Total Units Section 8 | 62 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,740 | $1,780 |
| 2 Bedroom | -$10 | $2,020 | $2,010 |
| 3 Bedroom | -$30 | $2,610 | $2,580 |
| 4 Bedroom | -$720 | $3,750 | $3,030 |
Affordability — Bloomingdale, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $422,000 |
| Median Household Income | $99,900 |