The typical owner-occupied home in Bloomington is worth about $103,600, 57% below the Nebraska median of $238,600 and 69% below the national median of $332,700. Owners pay a median $867 a year in property taxes, about 0.84% of their home's value, lower than the Nebraska rate of 1.49%. The median household earns $78,571 a year, so the median home costs 1.3 times the median income (3.1 times for Nebraska). 95% of occupied homes here are lived in by their owners, and 35% of those owners still have a mortgage.
Bloomington at a glance
| Bloomington | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $103,600 | $238,600 | $332,700 |
| Median property tax paid per year | $867 | $3,549 | $3,119 |
| Property tax as a share of value | 0.84% | 1.49% | 0.94% |
| Median household income | $78,571 | $76,475 | $80,734 |
| Homes lived in by their owners | 95% | 67% | 65% |
| Owner homes with a mortgage | 35% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,091 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 13.9% | 19.5% | 21.0% |
| Median rent | – | $1,072 | $1,413 |
| Median year homes were built | 1947 | 1975 | 1980 |
| Vacant homes | 27.6% | 7.6% | 10.1% |
| Population | 112 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Bloomington
At this week's average 30-year rate of 7.11%, buying the median Bloomington home of $103,600 with 20% down costs about $673 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $846, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $28,853 for the 20%-down payment. That payment is 10% of the median Bloomington household income of $78,571; at that income and 20% down, the 28% guideline points to a home of about $282,000.
| Down payment | $20,720 |
|---|---|
| Loan amount | $82,880 |
| Principal and interest | $558 |
| Property taxes (0.84% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $673 |
Change the numbers in the calculator
| Down payment | $3,626 |
|---|---|
| Loan amount | $101,724 |
| Principal and interest | $684 |
| Property taxes (0.84% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $46 |
| Total per month | $846 |
Change the numbers in the calculator
Questions about home buying in Bloomington
What is the median home value in Bloomington?
About $103,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bloomington?
Homeowners pay a median $867 a year, which is about 0.84% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Bloomington?
For the median home with 20% down at 7.11%, the payment is about $673 a month. Keeping that under 28% of gross income takes about $28,853 a year.
More about Bloomington
- Mortgage Refinance in Bloomington
- Debt Relief in Bloomington
- Home Equity Loans in Bloomington
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data