October's First-Time Homebuyer Report for Bloomingdale

With 22,018 residents, Bloomingdale is a larger than average city in Illinois. Also, with a 0.6% increase over the last 10 years, its population is growing faster than other parts of the state. With a median age of 26 years, homes in Bloomingdale tend to be relatively old. The top schools in the city are Erickson Elementary School and Westfield Middle School.

Price Range

The median value of homes in Bloomingdale is $216,200, making it one of the most valuable areas in Illinois. At the same time, the average list price of available homes is presently $311,241.

Curious as to which homes have been getting the most attention in Bloomingdale? These listings have stirred up interest and produced the most views:

$1.4M   $429K   $214K  

Typical Dwelling

The typical dwelling in Bloomingdale is a four-bedroom detached home worth about $437,617. To purchase a similar home, a buyer with good credit and a $87,523 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,440 monthly payment. The property tax rate is $18.51 per $1,000 of taxable assessed value.

Get started right now by checking out Bloomingdale homes for sale or reviewing Bloomingdale real estate trends.

Data reported through 10/13/2016


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john greene Realtor
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