Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$297,191+1.6% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$64,425About 1.0× the local median income ($67,563): affordable for a typical household
Days on market68 daysAbout the same pace as a year ago
Next 12 months+2.2%Zillow expects prices to rise slightly
The typical home in Bloomington, IN is worth $297,191, up 1.6% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $272,432, so the area is 9.1% overvalued. It is a buyer's market: homes take about 68 days to sell, listings are up 9% from a year ago, 22% of listings have had a price cut. Zillow expects prices to rise about 2.2% over the next year. A household needs about $64,425 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,563. Typical rent is $1,746 a month, or $2,598 for a house. In the latest IRS figures, 1,136 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$297,191
Change in 1 year
+1.6%
Overvalued %
+9.1%
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Fair home value
$272,432
Change in 5 years
+21.5%
Zillow forecast, next 12 months
+2.2%
Home value to income
4.4×
Monthly mortgage payment (20% down)
$1,611
Income needed to afford it
$64,425
Property tax rate
0.69%
Rent and investing
Typical rent
$1,746
Typical rent for houses
$2,598
Price-to-rent ratio
14.2×
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HUD Fair Market Rent, 2 bedrooms
$1,220
Gross rental yield
7.05%
Cap rate (estimate)
4.58%
Market activity
Listings vs a year ago
+8.8%
Days on market
68
Listings with a price cut
22.4%
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Homes for sale
641
Pending sales per 100 listings
21
Asking price per sq ft
$193
People and jobs
Median household income
$67,563
Population change (1 year)
+0.5%
Unemployment rate
5.2%
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Population
165,231
Income adjusted for cost of living
$71,044
Net moves in (IRS)
−1,136
Cost of living (US = 100)
95.1
Schools, risk and environment
School rating (1 to 10)
7.0
FEMA hazard risk score (0 to 100)
70.6
Unhealthy air days a year
0
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Flood risk score
76.6
Wildfire risk score
28.6
Walkability (1 to 20)
9.8
Road, rail and air noise
54 dB
Questions people ask
Is Bloomington, IN overvalued?
Home prices in Bloomington, IN are slightly above what local incomes have historically supported: fair value is about $272,432, so the area is 9.1% overvalued.
Is Bloomington, IN a buyer's or seller's market?
Bloomington, IN is a buyer's market: homes take about 68 days to sell, listings are up 9% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Bloomington, IN?
Home values in Bloomington, IN are up 1.6% over the last year. Zillow's forecast for the next 12 months is +2.2%.
How much do you need to earn to buy a home in Bloomington, IN?
A household needs about $64,425 a year to afford the typical home in Bloomington, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,563.