Mortgage payment estimates, closing cost breakdowns, and homebuying data for Bloomington, Indiana.
Pre-filled with Bloomington median home price and Indiana tax/insurance rates. Adjust for your property.
Estimated closing costs based on Indiana rates and fees applied to Bloomington prices.
The median home price in Bloomington is $265,000, 10% above the Indiana state median of $240,000. With a population of 79,168, Bloomington is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Indiana average 0.84% annually. This moderate property tax rate means a $265,000 home in Bloomington would carry roughly $186/month in property taxes. Homeowners insurance in Indiana runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Bloomington is $1,150/month. The price-to-rent ratio in Bloomington is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Bloomington presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.