Bloomington, IL Housing Market: Home Prices & Rent
Bloomington, IL home values since 2000
Last few years
Rent in Bloomington, IL
Owning vs renting, monthly
Buying the typical Bloomington, IL home with 20% down at this week's 7.32% 30-year rate costs about $1,758/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,292/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Bloomington, IL vs Illinois vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $261k | +1.9% | $1,292/mo |
| Illinois | $296k | +5.3% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Bloomington, IL?
No - the typical Bloomington, IL-area home value is up 1.9% over the past 12 months, at $261k (September 2026).
Is the Bloomington, IL housing market crashing?
Home values are close to their 2020s high and up 1.9% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Bloomington, IL?
Typical rent in the Bloomington, IL metro is $1,292 a month (September 2026), +4.3% over 12 months.
How much income do you need to buy a home in Bloomington, IL?
About $84k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Chicago, IL · Rockford, IL · Greensboro, NC · Birmingham, AL · Duluth, MN · Fort Wayne, IN
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Bloomington, IL metro area. How we calculate.