This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Bloomington, Indiana Home Affordability

The data below measures home affordability for the Bloomington, Indiana metropolitan area using price-to-income and price-to-rent metrics.¹ The maximum affordable loan amount for the median household income is also calculated. You can also compare Bloomington home affordability to other cities.

Bloomington, Indiana Home Price-to-Income Ratios

The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Bloomington HPI series. Median household income data for Bloomington is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Bloomington, Indiana Home Price-to-Income Ratio History

Bloomington, Indiana Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Bloomington median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Bloomington, Indiana Home Price-to-Rent Ratio History

Bloomington, Indiana Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Bloomington, Indiana and calculating the mortgage 30% of that income could afford. Traditionally, 30% of income is the maximum amount a homeowner could use towards a home loan. Inferred affordable loan values are calculated from ACS median household income and average monthly mortgage rates.

Inferred Affordable Mortgage

Bloomington, Indiana Inferred Affordable Mortgage History