Housing in Bloomington
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Bloomington, Indiana
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
About Bloomington, Indiana
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 Indiana
Indiana, known as the "Hoosier State," offers a practical and community-oriented lifestyle with a cost of living generally below the national average. Its economy is diverse, with major industries including advanced manufacturing (automotive, steel, pharmaceuticals, medical devices), agriculture (corn, soybeans, hogs), life sciences, and logistics. The state experiences a humid continental climate, characterized by hot, muggy summers and cold, snowy winters, with spring and fall offering more moderate temperatures. Residents often value a relaxed pace of life, strong community ties, and access to outdoor activities and major metropolitan areas.