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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bloomfield, NY Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bloomfield, NY Housing Market Trends

With a population of 1,310, 593 total housing units (homes and apartments), and a median house value of $305,625, Bloomfield real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Bloomfield, accounting for 71.05% of the village's housing units. Other types of housing that are prevalent in Bloomfield include large apartment complexes or high rise apartments ( 18.11%), duplexes, homes converted to apartments or other small apartment buildings ( 3.87%), and a few row houses and other attached homes ( 3.56%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bloomfield. Owner-occupied housing accounts for 73.83% of Bloomfield's homes, and 54.33% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bloomfield 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 Bloomfield built before 1939 ( 32.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.08%). There's also some housing in Bloomfield built between 2000 and later ( 8.20%).

Bloomfield Home Appreciation Rates

Real estate appreciation rates in Bloomfield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.88% during the period.

NeighborhoodScout's data show that during the latest twelve months, Bloomfield's appreciation rate, at 5.43%, has been at or slightly above the national average. In the latest quarter, Bloomfield's appreciation rate has been 5.43%, which annualizes to a rate of 23.57%.

Importantly, this makes Bloomfield one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to New York, our data show that Bloomfield's latest annual appreciation rate is lower than 60% of the other cities and towns in New York.

Average Home Values

Median Home Value

$305,625

Bloomfield, NY Home Prices
> $1,320,000
$990,001 - $1,320,000
$660,001 - $990,000
$528,001 - $660,000
$396,001 - $528,000
$264,001 - $396,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
0.4%
0.4%
1.0%
1.0%
3.8%
3.8%
9.6%
9.6%
8.4%
8.4%
21.1%
21.1%
40.4%
40.4%
10.9%
10.9%
4.4%
4.4%
0% 100.0%
% of Homes
Average

for New york

Average

for nation

Number of Homes And Apartments:

593

Bloomfield Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,335 / per month

Homeownership Rate

Owners
Renters
73.8%
73.8%
26.2%
26.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.2%
8.2%
91.8%
91.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.2%
8.2%
34.2%
34.2%
25.1%
25.1%
32.5%
32.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.1%
71.1%
3.6%
3.6%
3.9%
3.9%
18.1%
18.1%
3.4%
3.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
4.8%
4.8%
34.1%
34.1%
31.9%
31.9%
22.4%
22.4%
6.0%
6.0%
0% 100.0%
% of Homes