Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 3,142, 1,271 total housing units (homes and apartments), and a median house value of $408,626, Bloomingdale real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Bloomingdale, accounting for 80.92% of the city's housing units. Other types of housing that are prevalent in Bloomingdale include mobile homes or trailers ( 9.91%), large apartment complexes or high rise apartments ( 7.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.09%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bloomingdale. Owner-occupied housing accounts for 68.40% of Bloomingdale's homes, and 71.76% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Bloomingdale built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bloomingdale built between 2000 and later ( 21.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.23%). There's also some housing in Bloomingdale built before 1939 ( 3.73%).
In the last 10 years, Bloomingdale has experienced some of the highest home appreciation rates of any community in the nation. Bloomingdale real estate appreciated 131.29% over the last ten years, which is an average annual home appreciation rate of 8.75%, putting Bloomingdale in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bloomingdale definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Bloomingdale's appreciation rate, at 7.43%, has been at or slightly above the national average. In the latest quarter, Bloomingdale's appreciation rate has been -1.20%, which annualizes to a rate of -4.70%.
Notably, Bloomingdale's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Georgia, our data show that Bloomingdale's latest annual appreciation rate is lower than 50% of the other cities and towns in Georgia.
$408,626
for Georgia
for nation
1,271
$2,590 / per month