Is the Bloomington, IL metro area good for real estate investing?

The Bloomington, IL metropolitan area has an investment score of 64/100, rated as "Buy". It ranks #386 nationally among 894 metro areas analyzed.

What is the rent-to-price ratio in Bloomington, IL?

The rent-to-price ratio in the Bloomington, IL metro area is 6.28% annually, which ranks in the 60th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Bloomington, IL?

The median home price in the Bloomington, IL metro area is $260,134. The metro area includes 0 counties with prices ranging from the most affordable to more premium markets.

Can you cash flow on rental properties in Bloomington, IL?

Based on median values with 20% down at current rates, a typical rental in the Bloomington, IL metro would generate negative cash flow of $479/month. Individual property and county performance varies. Explore the county-level analysis for more specific opportunities.

Metropolitan Area

Bloomington, IL

Illinois0

/100

Buy

#386 of 894 metros

Top 43% nationally for investing

Market Snapshot

$260,134

Median Home Price

2% above national median

$1,361/mo

Median Rent

2% below national median

6.28%

Rent-to-Price Ratio

Top 40% nationally

-$479

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$260,134

Down Payment (20%)$52,027

Loan Amount$208,107

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,361

Monthly P&I-$1,364

Est. Expenses (35%)-$476

Net Cash Flow-$478/mo

4.1%

Cap Rate (all cash)

-9.6%

Cash-on-Cash Return

6.28%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.1% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

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Score Breakdown

Overall Investment Score

64/100

Cash Flow(30%)

63/100

Based on 6.28% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

72/100

Based on 2.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)

74/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

+Affordable relative to local incomes
+Low unemployment (0.0%)

Challenges

-Negative cash flow at typical financing (-$479/mo)
-Negative leverage (cap rate 4.1% < mortgage rate 6.9%)

Counties in Bloomington, IL

County data is being compiled for this metro area.

Compare to Similar Metros

Metro Area					Verdict
Blytheville, AR Blytheville, AR	84	$115,156	$1,064	11.08%	Strong Buy	View
Roanoke Rapids, NC Roanoke Rapids, NC	84	$107,523	$1,077	12.02%	Strong Buy	View
Enid, OK Enid, OK	83	$144,157	$1,250	10.40%	Strong Buy	View
Houghton, MI Houghton, MI	83	$194,696	$1,733	10.68%	Strong Buy	View
Big Spring, TX Big Spring, TX	83	$150,742	$1,340	10.67%	Strong Buy	View
Current Bloomington, IL	64	$260,134	$1,361	6.28%	Buy

The Bottom Line

BuyBloomington, IL offers solid investment potential with good cash flow or appreciation prospects.

The Bloomington, IL metro area scores 64/100, ranking #386 of 894 US metros (top 43%). The 6.28% rent-to-price ratio indicates moderate cash flow potential. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow

$-479/mo

Cap Rate

4.1%

Cash-on-Cash

-11.0%

Ready to Invest in Bloomington, IL?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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