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These days, finding an affordable place to live in the Bloomington area can be challenging. Home prices in Bloomington are now at a median cost of $309,228, higher than the Indiana average of $232,932.
The average cost of rent is $1,211/mo in Bloomington, primarily driven by the current value of real estate in the Bloomington area. In Bloomington, 51.00% of households rent, and 40.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bloomington is $5,695 per month. Households that rent pay about 21.26% of their income on rent here. Bloomington’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ellettsville, IN: less expensive homes
- Woodville Hills, IN: equally priced homes
- Stanford, IN: less expensive homes
- Harrodsburg, IN: less expensive homes
- Solsberry, IN: less expensive homes
- Unionville, IN: less expensive homes
- Needmore, IN: less expensive homes
- Freeman, IN: less expensive homes
- Belmont, IN: equally priced homes
- Stinesville, IN: less expensive homes
Cities with Similar Populations
- Lawrence, KS: equally priced homes
- Lawrence, MA: higher priced homes
- Lawton, OK: less expensive homes
- Laredo, TX: less expensive homes
- Lakewood, NJ: higher priced homes
- Lake Charles, LA: less expensive homes
- Livermore, CA: higher priced homes
- Lexington, KY: equally priced homes
- Lehigh Acres, FL: equally priced homes
- Lawrenceville, GA: higher priced homes
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