Bloomington housing market
Typical home value
$297K
▲ 1.6% 1 yr
Typical rent
$1,746/mo
▲ 2.0% 1 yr
12-month forecast
+2.2%
#243 of 546 metros
Gross rent yield
7.1%
#119 of 546 · U.S. 6.3%
Days to pending
81 days
1 yr
Listings with a price cut
26%
▲ +1.5 pts 1 yr
Key takeaways
- 1The typical home is worth $297,191, up 1.6% in a year and up 22% over five years.
- 2Zillow forecasts home values rising 2.2% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,746/mo (+2.0% YoY), a 7.1% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,633/mo in principal and interest, $113 less than renting.
- 5Homes go under contract in 81 days; 26% of listings have had a price cut.
Market temperature
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 25/100, #498 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 | +1.6% | +1.2% | #316 |
| Home value, 5-yr change | +21.5% | +19.7% | |
| 12-month forecast | +2.2% | +1.1% | #243 |
| Rent, 1-yr change | +2.0% | +2.7% | #400 |
| Gross rent yield | 7.1% | 6.3% | #119 |
| Price-to-rent ratio | 14.2 | 15.8 | |
| Mortgage P&I on typical home | $1,633 | $2,012 | |
| Income needed to buy | $80,848 | $100,902 | |
| Days to pending | 81 | 56 |
Cities in the Bloomington metro
1 cities with home value and rent data.
| Bloomington | $312K | ▲ 1.2% | $1,763 | ▲ 2.0% | 6.8% |
Run the numbers
Rental property calculator
Cash flow on a typical Bloomington rental ($297K, $1,746/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 Indiana metros
Indianapolis, IN
$292K home$1,528 rent6.3% yield
▲ 1.0% 1 yr
Fort Wayne, IN
$257K home$1,266 rent5.9% yield
▲ 3.6% 1 yr
South Bend, IN
$238K home$1,258 rent6.4% yield
▲ 6.3% 1 yr
Evansville, IN
$225K home$1,098 rent5.8% yield
▲ 3.9% 1 yr
Lafayette, IN
$283K home$1,473 rent6.2% yield
▲ 2.9% 1 yr
Elkhart, IN
$266K home$1,182 rent5.3% yield
▲ 5.5% 1 yr
Terre Haute, IN
$166K home$977 rent7.1% yield
▲ 1.4% 1 yr
Muncie, IN
$169K home$1,043 rent7.4% yield
▲ 4.3% 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.