Bloomington, IL 61701 - Real Estate Investment Insights & Performance Data

Welcome to our 61701 real estate data hub, tailored for investors in Bloomington, IL. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 61701 in Bloomington, IL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MCLEAN COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Bloomington, IL real estate investing. Uncover the wealth of information available, and position yourself for success in the Bloomington property market.

• Location Overview

  • Zip Code: 61701
  • City: Bloomington
  • State: IL
  • Metro Area: Bloomington, IL
  • County Name: MCLEAN COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $143,508
  • Average Home Price (Single Family Homes): $143,140
  • Average Monthly Rental Price (All Types): $1,026
  • Price-to-Rent Ratio: 12
  • Zillow Projected % appreciation from 4/2023-4/2024: -0.6%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,000
  • Average 3 Bedroom Section 8 Rental Rates: $1,410
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 11.96
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 8.48
  • Number of Units Offered in Section 8 in the County: 1087
  • Number of Occupied Units in Section 8 in the County: 1030
  • Percentage of Section 8 Units Occupied in the County: 94.80000305%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 148.48
  • Total % Appreciation since 2000 (Government Data): 58.07
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.65%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 10.76%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 26.83%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.71%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 36.05%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 21.59%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 38.69%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.94%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 15.49%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 41.95%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 52.97%