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Bloomington, Illinois

Housing in Bloomington

Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.

Housing in Bloomington, Illinois

The housing market in Bloomington is competitive, with the median sale price of a home reaching $275,000 over the three months ending May 2026, marking a 9.9% increase year-over-year. The median sale price per square foot in Bloomington was $122 in May 2026. For renters, the median monthly rent was $1,100 as of June 2026. The homeownership rate in Bloomington was 61.9% in 2024. Homes typically sell after 43 days on the market, indicating a relatively active market.

Housing

Average Rent
$1,100
Salary Needed
$44,700

About Bloomington, Illinois

Bloomington, Illinois, is a vibrant city in McLean County, known for its strong economy, educational institutions, and a comfortable quality of life. Historically, the city's growth has been influenced by agriculture, the development of railroads, and the rise of the insurance industry, with State Farm Insurance being a prominent long-standing employer. People are drawn to Bloomington for its blend of a slower pace of life with access to good hospitals, schools, and recreational activities. The city and its adjoining community, Normal, form the fastest-growing metropolitan area in Illinois, experiencing significant population growth over the past decades.

About Illinois

Illinois, known as the "Prairie State," offers a diverse character ranging from the bustling metropolis of Chicago to expansive farmlands. Its economy is among the largest and most diversified in the U.S., with major industries including advanced manufacturing, agriculture and food processing, life sciences, technology, and transportation and logistics. While the cost of living statewide is generally considered moderate, housing costs in Chicago can be higher than the national average. Illinois experiences all four seasons, with hot, humid summers and cold, snowy winters, and is susceptible to severe storms and tornadoes, particularly in spring. Residents enjoy a lifestyle that balances world-class cultural amenities and career opportunities with challenges such as high taxes and urban congestion.