Rankings/Bloomington, IL

Bloomington, IL

NeutralTier 1CBSA 14010Compare

Risk Rank: #218 of 274Month: 2026-06Score change (12m):↓ -8

41score

Composite risk percentile vs 274 metros (higher = higher risk)

Executive Summary

Bloomington's housing market shows average risk, ranking 218th of 274 metros. The market recently entered Recovery. Inventory is growing moderately (+14% YoY) with stable liquidity. Early signs of stabilization — conditions may favor patient buyers.

Bloomington experienced a market correction from late 2023 through late 2023. The market is currently recovering.

Inventory is growing at a moderate +14% pace with homes taking -11% longer to sell — within normal ranges.

Rent growth is roughly keeping pace with price appreciation, suggesting valuations are not stretched.

Cycle Phase

RecoveryExpansionHypersupplyRecession

2 months in current phase·from Recovery

Market conditions are rebuilding after a correction period

Key Dynamics

Risk is primarily driven by employment and migration, while affordability provides the most support.

Top Drivers

Employmentp92

12-month employment change (risk inverted)

Migrationp81

Net AGI migration (risk inverted)

Permit Growthp50

YoY permit change

Market Signals

Inventory is growing at a moderate +14% pace with homes taking -11% longer to sell — within normal ranges.

Liquidity

Stable↑

Active Listings YoY

+13.8%p64

Days on Market YoY

-10.5%p28

Months in status2

Data through Jun 2026

Valuation

Balanced↓

Rent vs. Price Growth

+4.8%p97

Months in status2

Data through Jun 2026Rent growth vs price growth (rent support). Note: Affordability and Valuation measure different structural dimensions and can diverge.

Factor Details

Lower riskHigher risk

Low RiskBelow AvgNeutralElevatedHigh Risk

Price MomentumLow Risk

-0.2%p10

12-month HPI change — higher = overheating

Permit GrowthNeutral

-0.8%p50

YoY permit change — higher = supply pressure

Permits per CapitaLow Risk

1.52p10

Permits per 1,000 residents — higher = overbuilding risk

AffordabilityLow Risk

0.18p1

Mortgage payment / income — higher = more burdened

EmploymentHigh Risk

-1.0%p92

12-month employment change (risk inverted)

MigrationHigh Risk

-$41Kp81

Net AGI migration (risk inverted)

National Context

Credit Conditions

Credit Regime

Stable—

Healthy recovery. Credit is flowing normally and transactions are steady — conditions favor continued rebuilding.

Bank Lending Standards

N/ANormal

Rate Change (YoY)

-5 bpsNormal

Mortgage Risk Premium

+194 bpsElevated

Stable for 10 quartersData through 2026-Q3

Supply Pipeline

Supply Regime

Accumulating—

Supply pipeline is building up while credit remains available. New units are accumulating in the system — watch for delivery pressure in coming quarters.

Pipeline Ratio

0.90Elevated

Completion-Permit Divergence

-3.1 ppNormal

Accumulating for 5 quartersData through 2026-Q2

Local Signals

Metro Permit Activity

Permit Activity

Normal

YoY Permit Growth

-0.8%Within norm

Raw signal — not the composite percentile

Relative to 2016–2019 norms for this metro

Based on limited permit volume

Supply and demand are in equilibrium. No unusual activity on either side of the market.

Employment Concentration

Employment

Moderate

Largest SectorFinance & Insurance 24%

QCEW 2024 annual averages

Internal Structure

County-level structural analysis.

County-level structural analysis is not available for this metro due to fewer than 3 qualifying counties.

Score History

Month	Phase	Score	Price	Permits	Afford	Employ	Migr
2026-05	Rec	46	23	61	1	98	81
2025-12	Hyp	53	73	63	1	89	81
2025-11	Exp	53	72	65	1	99	72
2025-09	Exp	52	72	65	1	93	72
2025-06	Exp	49	50	65	0	97	72
2025-04	Rec	46	29	65	0	100	72
2025-02	Rec	46	32	65	1	99	72
2025-01	Exp	46	39	65	1	88	72
2024-11	Exp	50	82	65	1	74	72
2024-09	Rec	46	49	65	0	82	72
2024-07	Rec	42	53	65	0	56	72
2024-04	Exp	35	46	65	1	18	72
2024-02	Exp	34	53	65	1	4	72
2024-01	Rec	35	61	65	1	3	72
2023-11	Rec	37	54	65	1	22	72
2023-10	Ress	37	62	65	1	13	72
2023-08	Ress	36	64	65	1	4	72
2023-07	Hyp	36	63	65	1	9	72
2023-05	Hyp	40	83	65	1	10	72
2023-04	Ress	39	79	65	1	10	72
2023-02	Ress	40	88	65	1	8	72
2022-11	Hyp	37	71	65	2	5	72
2022-10	Rec	36	65	65	2	3	72
2022-08	Rec	38	66	65	1	17	72
2022-07	Exp	37	67	65	1	7	72
2022-05	Exp	36	63	65	2	5	72
2022-02	Rec	28	15	65	1	4	72
2021-12	Rec	32	28	66	0	12	74
2021-11	Exp	30	26	66	0	7	74
2021-09	Exp	32	18	66	0	27	74
2021-06	Exp	35	23	66	0	36	74
2021-04	Rec	44	20	66	0	92	74
2021-02	Rec	40	12	66	0	78	74
2020-12	Exp	38	6	66	0	73	76
2020-10	Exp	37	5	66	0	64	76
2020-08	Rec	34	4	66	0	47	76
2020-06	Rec	37	1	66	0	68	76
2020-04	Exp	33	2	66	0	45	76
2020-02	Exp	37	7	66	0	65	76
2020-01	Rec	40	11	66	0	79	76
2019-11	Rec	43	9	66	0	97	78
2019-10	Exp	41	9	66	0	86	78
2019-08	Exp	41	5	66	0	89	78
2019-05	Exp	42	3	66	0	95	78
2019-03	Rec	42	1	66	0	99	78
2019-01	Rec	40	3	66	0	87	78

Data Vintages

Price (HPI)2026-Q1

Permits2026-06

Income2024

Employment2026-06

Migration2023