Bloomington housing market
Typical home value
$261K
▲ 1.9% 1 yr
Typical rent
$1,292/mo
▲ 4.4% 1 yr
12-month forecast
+2.8%
#163 of 546 metros
Gross rent yield
5.9%
#273 of 546 · U.S. 6.3%
Days to pending
26 days
▲ +7 days 1 yr
Listings with a price cut
29%
▼ −0.1 pts 1 yr
Key takeaways
- 1The typical home is worth $260,593, up 1.9% in a year and up 36% over five years.
- 2Zillow forecasts home values rising 2.8% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,292/mo (+4.4% YoY), a 5.9% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,432/mo in principal and interest, $140 more than renting.
- 5Homes go under contract in 26 days (+7 days vs last year); 29% of listings have had a price cut.
Market temperature
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 57/100, #60 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Bloomington compares
| Measure | Bloomington | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +1.9% | +1.2% | #295 |
| Home value, 5-yr change | +35.9% | +19.7% | |
| 12-month forecast | +2.8% | +1.1% | #163 |
| Rent, 1-yr change | +4.4% | +2.7% | #157 |
| Gross rent yield | 5.9% | 6.3% | #273 |
| Price-to-rent ratio | 16.8 | 15.8 | |
| Mortgage P&I on typical home | $1,432 | $2,012 | |
| Income needed to buy | $84,480 | $100,902 | |
| Days to pending | 26 | 56 |
Cities in the Bloomington metro
2 cities with home value and rent data.
| Bloomington | $269K | ▲ 2.2% | $1,270 | ▲ 5.3% | 5.7% |
| Normal | $270K | ▲ 0.4% | $1,390 | ▲ 3.9% | 6.2% |
Run the numbers
Rental property calculator
Cash flow on a typical Bloomington rental ($261K, $1,292/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Bloomington home.
Rent vs buy
Is it cheaper to rent or buy in Bloomington?
Other Illinois metros
Chicago, IL
$356K home$2,163 rent7.3% yield
▲ 5.0% 1 yr
Peoria, IL
$175K home$1,157 rent7.9% yield
▲ 6.4% 1 yr
Davenport, IA
$195K home$1,003 rent6.2% yield
▲ 4.8% 1 yr
Rockford, IL
$222K home$1,299 rent7.0% yield
▲ 8.5% 1 yr
Champaign, IL
$239K home$1,384 rent6.9% yield
▲ 4.9% 1 yr
Springfield, IL
$201K home$1,207 rent7.2% yield
▲ 7.4% 1 yr
Carbondale, IL
$151K home$811 rent6.4% yield
▲ 1.5% 1 yr
Kankakee, IL
$227K home$1,327 rent7.0% yield
▲ 6.0% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.