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Bloomington

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

Median Home$148,000
Median Rent$764/month
Population243
Leading IndustriesWholesale Trade · Manufacturing · Professional Services18% wholesale trade
Home Value Growth⬆⬆⬆+32.8% over 2 years
Retirees25% of residentsabove average nationally
Homeowners82% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$148k median home · lower cost than 75% of the country
Bloomington
MD

Frequently Asked Questions

What are today's mortgage rates in Bloomington?

As of today, the 30-year fixed mortgage rate for Bloomington is approximately 6.900% (6.936% 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 $148k. The median monthly rent is $764. Annual property taxes average $1k. 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 32.8% 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 $733/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bloomington is $56k/year.

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What industries drive the economy in Bloomington?

The largest employment sectors in Bloomington are public administration (23%) and wholesale trade (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.