Cities with the fastest growing home prices in Bloomington, Illinois metro area

Written by:
January 19, 2023
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Cities with the fastest growing home prices in Bloomington, Illinois metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Bloomington, IL metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 21 cities and towns with data available were included in the list.

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1 / 21
Stacker

#21. Arrowsmith, IL

- 1-year price change: +$17,445 (+12.4%)
- 5-year price change: +$38,096 (+31.8%)
- Typical home value: $157,891 (#15 most expensive city in metro)
2 / 21
Stacker

#20. Cooksville, IL

- 1-year price change: +$18,688 (+11.5%)
- 5-year price change: +$36,997 (+25.7%)
- Typical home value: $180,987 (#11 most expensive city in metro)
3 / 21
Stacker

#19. Chenoa, IL

- 1-year price change: +$19,131 (+15.0%)
- 5-year price change: +$34,969 (+31.3%)
- Typical home value: $146,632 (#17 most expensive city in metro)
4 / 21
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#18. Gridley, IL

- 1-year price change: +$19,313 (+12.4%)
- 5-year price change: +$49,917 (+39.8%)
- Typical home value: $175,366 (#13 most expensive city in metro)
5 / 21
Stacker

#17. Le Roy, IL

- 1-year price change: +$21,094 (+13.5%)
- 5-year price change: +$46,112 (+35.1%)
- Typical home value: $177,544 (#12 most expensive city in metro)

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6 / 21
Stacker

#16. Ellsworth, IL

- 1-year price change: +$21,721 (+11.9%)
- 5-year price change: +$54,153 (+36.0%)
- Typical home value: $204,712 (#8 most expensive city in metro)
7 / 21
Stacker

#15. Lexington, IL

- 1-year price change: +$21,741 (+12.2%)
- 5-year price change: +$52,689 (+35.6%)
- Typical home value: $200,594 (#10 most expensive city in metro)
8 / 21
Stacker

#14. Colfax, IL

- 1-year price change: +$23,940 (+19.8%)
- 5-year price change: +$33,614 (+30.3%)
- Typical home value: $144,549 (#18 most expensive city in metro)
9 / 21
Stacker

#13. Stanford, IL

- 1-year price change: +$24,790 (+19.0%)
- 5-year price change: +$52,492 (+51.0%)
- Typical home value: $155,464 (#16 most expensive city in metro)
10 / 21
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#12. Carlock, IL

- 1-year price change: +$27,328 (+14.4%)
- 5-year price change: +$59,468 (+37.6%)
- Typical home value: $217,714 (#7 most expensive city in metro)

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11 / 21
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#11. Danvers, IL

- 1-year price change: +$27,426 (+15.5%)
- 5-year price change: +$60,756 (+42.4%)
- Typical home value: $203,902 (#9 most expensive city in metro)
12 / 21
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#10. McLean, IL

- 1-year price change: +$29,186 (+20.4%)
- 5-year price change: +$50,797 (+41.9%)
- Typical home value: $172,064 (#14 most expensive city in metro)
13 / 21
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#9. Heyworth, IL

- 1-year price change: +$29,267 (+14.9%)
- 5-year price change: +$56,942 (+33.7%)
- Typical home value: $225,778 (#6 most expensive city in metro)
14 / 21
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#8. Anchor, IL

- 1-year price change: +$29,633 (+27.4%)
- 5-year price change: +$56,942 (data not available)
- Typical home value: $137,834 (#19 most expensive city in metro)
15 / 21
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#7. Towanda, IL

- 1-year price change: +$29,672 (+14.9%)
- 5-year price change: +$57,847 (+33.8%)
- Typical home value: $228,880 (#4 most expensive city in metro)

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16 / 21
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#6. Saybrook, IL

- 1-year price change: +$30,147 (+30.7%)
- 5-year price change: +$39,661 (+44.8%)
- Typical home value: $128,230 (#20 most expensive city in metro)
17 / 21
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#5. Normal, IL

- 1-year price change: +$31,888 (+16.2%)
- 5-year price change: +$65,770 (+40.5%)
- Typical home value: $228,225 (#5 most expensive city in metro)
18 / 21
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#4. Bloomington, IL

- 1-year price change: +$32,319 (+16.0%)
- 5-year price change: +$67,535 (+40.4%)
- Typical home value: $234,892 (#3 most expensive city in metro)
19 / 21
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#3. Bellflower, IL

- 1-year price change: +$32,713 (+38.1%)
- 5-year price change: +$16,324 (+16.0%)
- Typical home value: $118,558 (#21 most expensive city in metro)
20 / 21
Stacker

#2. Hudson, IL

- 1-year price change: +$36,107 (+14.9%)
- 5-year price change: +$79,753 (+40.2%)
- Typical home value: $278,156 (#2 most expensive city in metro)

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21 / 21
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#1. Downs, IL

- 1-year price change: +$37,683 (+15.5%)
- 5-year price change: +$76,891 (+37.7%)
- Typical home value: $280,894 (#1 most expensive city in metro)

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