Market Overview
Home Prices in Bloomington, IN
The median home value in Bloomington, IN is $321,473 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.6% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bloomington are priced22% below average. Bloomington is part of the Bloomington, IN metro area.
Over the past five years, Bloomington home values have risen by approximately22.5%, reflecting strong long-term appreciation in this market.
Price History
Bloomington Home Price Trend
City Comparison
Bloomington vs. National Median
At $321,473, homes in Bloomington cost 22% below the national median of $410,000. This makes Bloomington a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bloomington?
20% Down Payment
$64,295
on $321,473
Monthly P&I
$1,677/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,130/mo
incl. taxes & insurance
Income Needed
$85,200
gross annual (30% rule)
10% Down Option
$32,147
+ PMI applies
Loan Amount (20% dn)
$257,178
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Bloomington, IN?
The median home value in Bloomington is $321,473 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.6% year-over-year.
How much have home prices changed in Bloomington?
Over the past year, home values in Bloomington have increased by 1.6%. Over five years, prices have risen approximately 22.5%.
How much do I need to earn to buy a home in Bloomington?
To comfortably afford the median home price of $321,473 with a 20% down payment ($64,295) at today's rates (6.8%), you'd need a gross annual income of approximately $85,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Bloomington compare to the national average home price?
The national median home value is approximately $410,000. At $321,473, homes in Bloomington are 22% below the national average.
What metro area is Bloomington part of?
Bloomington is part of the Bloomington, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.