Cities with the fastest growing home prices in Bloomington metro area

Written by:
January 19, 2023
ungvar // Shutterstock

Cities with the fastest growing home prices in Bloomington 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, IN 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 10 cities and towns with data available were included in the list.

You may also like: Metros sending the most people to Bloomington

1 / 10
Stacker

#10. Worthington, IN

- 1-year price change: +$14,352 (+10.5%)
- 5-year price change: +$49,205 (+48.1%)
- Typical home value: $151,536 (#10 most expensive city in metro)
2 / 10
Stacker

#9. Coal City, IN

- 1-year price change: +$17,252 (+11.2%)
- 5-year price change: +$69,944 (+68.6%)
- Typical home value: $171,898 (#8 most expensive city in metro)
3 / 10
Stacker

#8. Poland, IN

- 1-year price change: +$17,635 (+12.6%)
- 5-year price change: +$62,457 (+65.8%)
- Typical home value: $157,441 (#9 most expensive city in metro)
4 / 10
Stacker

#7. Freedom, IN

- 1-year price change: +$19,567 (+11.3%)
- 5-year price change: +$70,258 (+57.7%)
- Typical home value: $192,103 (#7 most expensive city in metro)
5 / 10
Stacker

#6. Gosport, IN

- 1-year price change: +$20,895 (+10.8%)
- 5-year price change: +$77,983 (+57.2%)
- Typical home value: $214,313 (#5 most expensive city in metro)

You may also like: Highest-earning zip codes in Bloomington metro area

6 / 10
Stacker

#5. Spencer, IN

- 1-year price change: +$21,519 (+11.2%)
- 5-year price change: +$76,272 (+55.4%)
- Typical home value: $213,874 (#6 most expensive city in metro)
7 / 10
Stacker

#4. Quincy, IN

- 1-year price change: +$22,060 (+10.9%)
- 5-year price change: +$80,422 (+55.8%)
- Typical home value: $224,484 (#4 most expensive city in metro)
8 / 10
Stacker

#3. Ellettsville, IN

- 1-year price change: +$23,130 (+10.0%)
- 5-year price change: +$99,969 (+65.0%)
- Typical home value: $253,657 (#3 most expensive city in metro)
9 / 10
Stacker

#2. Bloomington, IN

- 1-year price change: +$30,381 (+10.8%)
- 5-year price change: +$115,079 (+58.8%)
- Typical home value: $310,725 (#2 most expensive city in metro)
10 / 10
Stacker

#1. Unionville, IN

- 1-year price change: +$36,589 (+11.5%)
- 5-year price change: +$124,371 (+54.2%)
- Typical home value: $353,980 (#1 most expensive city in metro)

You may also like: How Bloomington feels about climate change

Trending Now