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Foreclosures in Bloomington, IN

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Living in Bloomington, IN

Bloomington, IN, is a dynamic college town offering a unique blend of cultural experiences and outdoor activities. Known for its art scene and vibrant community, it provides excellent amenities alongside a welcoming atmosphere. The presence of Indiana University enhances its livability and appeal for residents.

Current Market Conditions in Bloomington, IN

The real estate market in Bloomington is currently experiencing steady growth, fueled by demand from students, faculty, and families. Home prices are gradually increasing, making this an opportune time for investors looking to capitalize on the demand for rental properties near the university.

With a diverse housing stock ranging from historic homes to modern apartments, there are investment opportunities at various price points. The rental market remains competitive, with an increasing influx of young professionals and students contributing to a robust rental demand.

Home Value Estimator For Bloomington, IN

There are currently 34,611 real estate properties in Bloomington, IN, with a median automated valuation model (AVM) price of $319,737.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bloomington, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Bloomington, IN, is $371,933.00, with the most expensive house in Bloomington, IN, topping out at $13,720,381.00 and the cheapest home in Bloomington, IN, clocking in at $16,004.00. In other words, there’s something for every potential homebuyer or savvy investor in Bloomington, IN!

Rent Prices In Bloomington, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bloomington, IN, is on a rollercoaster ride. The average rent price in Bloomington, IN, is $1,348.00. Indeed, when looking to rent in Bloomington, IN, you can expect to pay as little as $550.00 or as much as $4,160.00, with the average rent median estimated to be $1,220.00. The good news is that finding an affordable and desirable property to rent in Bloomington, IN -- 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.

Bloomington, IN Foreclosures

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