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These days, finding an affordable place to live in the Bloomfield area can be challenging. Home prices in Bloomfield are now at a median cost of $166,000, lower than the Indiana average of $232,932.
The average cost of rent is $832/mo in Bloomfield, primarily driven by the current value of real estate in the Bloomfield area. In Bloomfield, 28.22% of households rent, and 45.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bloomfield is $5,929 per month. Households that rent pay about 14.04% of their income on rent here. Bloomfield’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hashtown, IN: higher priced homes
- Tulip, IN: higher priced homes
- Koleen, IN: less expensive homes
- Elliston, IN: less expensive homes
- Park, IN: higher priced homes
- Plummer, IN: higher priced homes
- Ridgeport, IN: higher priced homes
- Calvertville, IN: higher priced homes
- Scotland, IN: higher priced homes
- Doans, IN: higher priced homes
Cities with Similar Populations
- Vienna, IN: higher priced homes
- Wadsworth, IL: higher priced homes
- Clinton, LA: higher priced homes
- Springfield, KY: higher priced homes
- Springfield, LA: higher priced homes
- Springfield, MI: less expensive homes
- St. Augustine South, FL: higher priced homes
- Columbus Grove, OH: higher priced homes
- Columbia, CT: higher priced homes
- Colquitt, GA: less expensive homes
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