Much like nearby areas, it is somewhat less expensive compared to the entire country. Compared to the city of Farmington, it's a little less expensive.
Home prices
Bloomfield's median home value is $149,200. This is roughly $2,160 (1%) higher in comparison to its nearby areas.In comparison to the entire nation it is roughly $68,300 (31%) lower, and is about $37,600 (20%) lower in comparison to the city of Farmington.
Rents
The median rent in Bloomfield is $760 per month. It is approximately $264 (25%) lower compared to its surrounding areas.Compared to the nation as a whole it is about $302 (28%) lower, and it is about $108 (12%) lower in comparison to the city of Farmington.
Nearby places
West Hammond
West Hammond is Bloomfield's neighbor to the southwest. Housing prices there are a little more expensive. The median home in West Hammond is valued at $166,400, which works out to $17,200 (10%) higher than Bloomfield. Rents there are a little more expensive. In West Hammond the median monthly rent is $1,045, which is $285 (27%) higher than Bloomfield.
Aztec
Aztec is Bloomfield's neighbor to the north. Real estate prices there are fairly similar. The median home cost in Aztec is $155,300, which works out to $6,100 (3%) higher than Bloomfield. The rent there is pretty similar. In Aztec the median monthly rent is $781, which comes out to $21 (2%) higher than Bloomfield.
Lee Acres
Lee Acres is approximately 5 miles southwest from Bloomfield. Real estate prices there are similar. Lee Acres's median home cost is $148,700, which is very similar to Bloomfield. Rents there are a little more expensive. The median monthly rent in Lee Acres is $890, which works out to $130 (14%) higher than Bloomfield.
Spencerville
Spencerville is about 6 miles northwest from Bloomfield. The real estate prices there are a bit less expensive. The cost of the median home in Spencerville is $137,200, which works out to $12,000 (8%) lower than Bloomfield. Rent there is substantially more expensive. In Spencerville the median monthly rent is $1,279, which works out to $519 (40%) higher than Bloomfield.
North Light Plant
North Light Plant is about 10 miles north of Bloomfield. Its housing prices are a bit less expensive. The cost of the median home in North Light Plant is $127,600, which comes out to $21,600 (16%) lower than Bloomfield. Its rents are a lot more expensive. North Light Plant's median monthly rent is $1,125, which is $365 (32%) higher than Bloomfield.
