Bloomington, IL Real Estate
According to census data in the year 2000 there were 28,527 housing units in Bloomington.
This represents a 26% growth from 22,640 in 1990.
Of those housing units, 28,450 were located in either urbanized areas or urban clusters, and 77 were located in what is classified as a rural area.
Homeownership rate in Bloomington is about 63.4%.
Bloomington's vacancy rate, including seasonal lodging, is about 6.3%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Bloomington were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 14.90% |
| Two Bedrooms | 32.60% |
| Three Bedrooms | 30.40% |
| Four Bedrooms | 18.60% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $116,500 |
| Median Price asked for vacant units | $160,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.76 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $464 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 6.90% |
| Home Equity Loan | 9.40% |
| Simple Mortgage | 62.10% |
| Debt Free | 21.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.1% |
