Example household · $83,730 · same pay · 1 adult

Bloomington

Housing in Bloomington, IL: Rent, Home Prices & Property Tax

$2,555 left/mo

$904/mo (1 bd) in Bloomington. Median home $198,300. Property tax 2.27%.

Rent (1-bedroom)
$904
/mo
Buy
$1,638
Mortgage, tax, insurance
Buying costs more
$734
/mo

To buy

  • 20% down payment$39,660
  • Mortgage at 7.24%$1,081
  • Property tax (2.27% of value)$375/mo · $4,501/yr
  • Insurance and upkeep$182
  • Monthly total$1,638

Months to 20% down

$2,555 left each month. About 16 months (1.3 years) to save $39,660.

Rent is Zillow asking rent. The price is the Census median home value. The mortgage is a 30-year fixed at 7.24%, the Freddie Mac PMMS average for the week of Oct 29, 2026, with 20% down.

Guide: state tax and rent when you compare cities

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