Bloomington, IL home prices
Typical home $260,593 · +1.9% in a year · income needed $85,900
The Bloomington, IL metro area ranks 418 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.9% in a year and +35.9% over five years. With 20% down at 7.11%, the typical home costs about $2,004 a month including 2.17% property tax (McLean County rate).
Mortgage on the typical Bloomington home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $52,119 | $208,475 | $1,402 | $0 | $602 | $2,004 | $85,900 |
| 10% down | $26,059 | $234,534 | $1,578 | $98 | $602 | $2,277 | $97,600 |
| 5% down | $13,030 | $247,564 | $1,665 | $103 | $602 | $2,370 | $101,600 |
| 3.5% down (FHA) | $9,121 | $255,873 | $1,721 | $115 | $602 | $2,438 | $104,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.17% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Bloomington area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| McLean County, IL | $260,569 | +1.9% | 2.17% |
What can you afford in Illinois on your salary? · Illinois home prices · Salaries in Illinois
Frequently asked questions
How much is a house in Bloomington?
The typical home in the Bloomington, IL metro area is worth $260,593 (Zillow, September 2026).
What salary do you need to buy a house in Bloomington?
About $85,900 a year for the typical home with 20% down at 7.11%.