Foreclosure Homes in Bloomfield, PA 15224

Current Market Conditions in Bloomfield, PA

The real estate market in Bloomfield has seen steady growth over the past year, with property values showing a healthy appreciation due to its prime location and high demand. The area attracts buyers looking for a mix of historic homes and modern developments, contributing to a competitive seller's market.

Recent trends indicate a shift towards more multi-family units and townhomes, catering to the influx of young professionals and small families. Investors are increasingly interested in Bloomfield due to the potential for rental income thanks to its close proximity to Pittsburgh's main attractions.

Rent Prices In Bloomfield, PA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bloomfield, PA, is on a rollercoaster ride. The average rent price in Bloomfield, PA, is $1,381.00. Indeed, when looking to rent in Bloomfield, PA, you can expect to pay as little as $830.00 or as much as $1,760.00, with the average rent median estimated to be $1,450.00. The good news is that finding an affordable and desirable property to rent in Bloomfield, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.