BLOOMINGTON HOUSING MARKET INFORMATION With 78,840 people, 33,372 houses or apartments, and a median cost of homes of $362,497, Bloomington real estate is some of the most expensive in Indiana, although Bloomington home values aren't among America's most expensive. Large apartment complexes or high rise apartments are the single most common housing type in Bloomington, accounting for 42.63% of the city's housing units. Other types of housing that are prevalent in Bloomington include single-family detached homes ( 36.18%), duplexes, homes converted to apartments or other small apartment buildings ( 10.21%), and a few row houses and other attached homes ( 8.38%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown. Bloomington is dominated by renter-occupied one, two, or no bedrooms apartments. 71.11% of Bloomington's dwellings are rentals. There is a lot of housing in Bloomington built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bloomington built between 2000 and later ( 23.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.77%). There's also some housing in Bloomington built before 1939 ( 10.78%). Vacant housing appears to be an issue in Bloomington. Fully 11.10% of the housing stock is classified as vacant. Left unchecked, vacant Bloomington homes and apartments can be a drag on the real estate market, holding Bloomington real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor. BLOOMINGTON HOME APPRECIATION RATES Appreciation rates for homes in Bloomington have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 98.30%, which ranks in the top 50% nationwide. This equates to an annual average Bloomington house appreciation rate of 7.09%. Appreciation rates are so strong in Bloomington that despite a nationwide downturn in the housing market, Bloomington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bloomington appreciation rates continue to be some of the highest in America, at 8.86%, which is higher than appreciation rates in 71.37% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bloomington. Bloomington appreciation rates in the latest quarter were at 0.92%, which equates to an annual appreciation rate of 3.72%. Relative to Indiana, our data show that Bloomington's latest annual appreciation rate is lower than 60% of the other cities and towns in Indiana. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bloomington differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Bloomington - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bloomington real estate investment or home purchase decisions.