Bloomfield, IN—47424
Real Estate Data & Market Trends
Key Metrics at a Glance
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% |
2 Bed | $168,000 | 7.7% |
3 Bed | $221,000 | 7.8% |
4 Bed | $297,000 | 6.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Bloomfield, IN
As of Nov '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 | $250,000 | -5.0% |
Listing Count | 34 | 16.0% |
| Listings as % of Homes | 0.6% | 16.0% |
Days on Market | 56 | -2.0% |
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% |
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% |
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% |
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 |
Affordability — Bloomfield, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $218,000 |
| Median Household Income | $69,000 |