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Cheap Homes in Bloomington, IN

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Top Reasons To Live In Bloomington, IN In 2024

Bloomington is located in Monroe, Indiana, with an estimated municipal population of 85,755 residents. All of the best foreclosed homes for sale in Bloomington are located in the following zip code areas on Foreclosure.com: 47406 47408 47401 47403 47404 47405 47407. The estimated population per square kilometer (.62 miles) in Bloomington is 1,424.


Cost Of Living In Bloomington, IN

So, about how much do homes cost in Bloomington? The most recent median value of resident-owned homes in Bloomington is 201,940. An estimated 35.5 percent of households in Bloomington own their homes, with an average family size of 2.83. The median household income in Bloomington is 37,077, with17.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Bloomington, the median commute time of resident workers (in minutes) is 16.6. And last, but certainly not least, are you looking for homes to rent in Bloomington? If so, the average rent price paid by renters in Bloomington is 917, according to recent statistics.


Diversity And Demographics In Bloomington, Indiana

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Bloomington, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Bloomington is 24, split between 50 percent male versus 50 female. The percentage of residents who report being married in Bloomington is 24.5, with an average family size of 2.83.

The percentage of residents who report their race in Bloomington is as follows:

White 81.9%
Black / African American 3.9%
Asian 10.2%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.3%
Other 0.4%

Looking for family-friendly neighborhoods in and/or near Bloomington? Or maybe you are searching for 55+ active adult communities in and/or near Bloomington?

The percentage of residents who report their age in Bloomington is as follows:

Under 10 6.1%
Aged 10-19 18.2%
20s 37.5%
30s 11.8%
40s 6.8%
50s 6.8%
60s 6.1%
70s 3.8%
80+ 2.8%

Best Schools In Bloomington, Indiana

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Bloomington with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Bloomington.


Pros And Cons Of Living In Bloomington, Indiana

How do you know that living in -- or moving to -- Bloomington is right where you need to be? Perhaps you grew up in Bloomington or already live nearby; therefore, the decision to buy a home in Bloomington is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Bloomington for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Bloomington:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Bloomington.


Reasons To Move To Bloomington, Indiana, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Bloomington can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Bloomington, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Bloomington, IN


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