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Bloomington

Learn about the people, housing, costs and businesses in Bloomington, California

Median Home$477,225
Median Rent$1,677/month
Population24,661
Leading IndustriesFinance & Insurance · Information & Media · Wholesale Trade16% finance & insurance
Home Value Growth⬆⬆+12.2% over 2 years
Young Adults34% of residentswell above average
Homeowners70% of occupied units
NotableHigh Incomes$86k/year · top 29% nationally
Bloomington
CA

Frequently Asked Questions

What are today's mortgage rates in Bloomington?

As of today, the 30-year fixed mortgage rate for Bloomington is approximately 6.855% (6.890% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Bloomington?

The median home value in Bloomington is $477k. The median monthly rent is $1,677. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bloomington?

Home values in Bloomington have increased 12.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bloomington?

Based on a typical all-in ownership cost of $1,590/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bloomington is $86k/year.

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What industries drive the economy in Bloomington?

The largest employment sectors in Bloomington are information and media (17%) and finance and insurance (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.