Bloomington ranked top 10 city to buy starter homes

Posted on February 20, 2019
Home for sale
Realtor.com has ranked Bloomington as the fourth best metro in America to buy a starter home. (WJBC file photo)

 

By Neil Doyle

BLOOMINGTON – Bloomington has been named one of the best places in the country to buy a starter home.

A report from Realtor.com ranks Bloomington fourth on the top 10 list.

To define best locations for a starter home the site used criteria such as the percentage of home buyers aged 35 and younger, the percentage of typically more affordable homes under 2,000 square feet and median down payment.

“A lot of students stay after they graduate,” said Becky Gerig in the report, a broker at Re/Max Choice in Bloomington.  “They can find homes sometimes at $60,000 to $70,000.”

Realtor.com said Bloomington has many single-family homes with porches, built in the 1940s.

Neil Doyle can be reached at [email protected]

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