Rankings/Bloomington, IN

Bloomington, IN

NeutralTier 1CBSA 14020Compare

Risk Rank: #38 of 274Month: 2026-06Score change (12m):— -4

60score

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

Executive Summary

Bloomington's housing market shows average risk, ranking 38th of 274 metros. The market recently entered Expansion. Current conditions are balanced with stable liquidity. Broad-based growth with healthy fundamentals.

Bloomington experienced a market correction from early 2025 through mid-2025. The market has since normalized and entered Expansion.

Inventory is growing at a moderate +9% pace with homes taking +6% longer to sell — within normal ranges.

Cycle Phase

RecoveryExpansionHypersupplyRecession

2 months in current phase·from Expansion

Normal growth conditions with balanced fundamentals

Key Dynamics

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

Top Drivers

Employmentp100

12-month employment change (risk inverted)

Migrationp83

Net AGI migration (risk inverted)

Affordabilityp71

Mortgage payment / income

Market Signals

Inventory is growing at a moderate +9% pace with homes taking +6% longer to sell — within normal ranges.

Liquidity

Stable—

Active Listings YoY

+9.3%p58

Days on Market YoY

+5.7%p60

Months in status2

Data through Jun 2026

Factor Details

Lower riskHigher risk

Low RiskBelow AvgNeutralElevatedHigh Risk

Price MomentumNeutral

+1.4%p51

12-month HPI change — higher = overheating

Permit GrowthLow Risk

-42.1%p2

YoY permit change — higher = supply pressure

Permits per CapitaNeutral

4.31p53

Permits per 1,000 residents — higher = overbuilding risk

AffordabilityElevated

0.31p71

Mortgage payment / income — higher = more burdened

EmploymentHigh Risk

-4.2%p100

12-month employment change (risk inverted)

MigrationHigh Risk

-$45Kp83

Net AGI migration (risk inverted)

National Context

Credit Conditions

Credit Regime

Stable—

Normal expansion. Credit is available, transactions are healthy — no constraints on current growth momentum.

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

-5.9 ppNormal

Accumulating for 5 quartersData through 2026-Q2

Local Signals

Metro Permit Activity

Permit Activity

Sharp Cooling

YoY Permit Growth

-42.1%Significant pullback

Raw signal — not the composite percentile

Relative to 2016–2019 norms for this metro

Based on limited permit volume

Significant supply pullback into healthy demand. A supply constraint is forming — pricing power is shifting to existing inventory holders.

Employment Concentration

Employment

Concentrated

Largest SectorGovernment 27.1%

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	Exp	60	20	21	71	100	83
2025-12	Rec	82	72	85	73	100	83
2025-11	Hyp	60	21	93	65	95	19
2025-09	Rec	54	13	93	65	64	19
2025-07	Hyp	51	3	93	65	60	19
2025-05	Hyp	67	52	93	72	100	19
2025-04	Ress	66	69	93	72	75	19
2025-02	Ress	59	85	93	70	19	19
2025-01	Hyp	69	85	93	71	76	19
2024-11	Hyp	56	44	93	65	50	19
2024-09	Ress	58	97	93	74	0	19
2024-07	Ress	71	90	93	74	81	19
2024-06	Hyp	63	53	93	70	75	19
2024-04	Hyp	61	60	93	70	58	19
2024-03	Rec	62	27	93	64	99	19
2024-01	Exp	61	31	93	64	92	19
2023-11	Exp	65	33	93	81	96	19
2023-08	Rec	57	35	93	82	44	19
2023-06	Rec	48	26	93	80	0	19
2023-05	Ress	52	24	93	80	26	19
2023-03	Ress	50	25	93	79	13	19
2023-02	Hyp	50	29	93	80	11	19
2022-12	Hyp	59	49	93	56	72	19
2022-11	Ress	50	55	93	56	8	19
2022-09	Ress	56	67	93	58	35	19
2022-08	Hyp	61	60	93	58	71	19
2022-07	Ress	65	55	93	58	99	19
2022-05	Ress	55	39	93	59	54	19
2022-04	Hyp	46	29	93	59	9	19
2022-02	Exp	47	34	93	58	11	19
2021-12	Exp	60	21	93	80	24	76
2021-09	Exp	69	34	93	81	66	76
2021-06	Exp	68	74	93	85	14	76
2021-04	Rec	75	70	93	85	58	76
2021-02	Rec	74	36	93	84	92	76
2020-12	Exp	72	37	93	75	84	73
2020-10	Exp	71	34	93	75	81	73
2020-09	Rec	72	32	93	75	89	73
2020-07	Rec	69	61	93	75	43	73
2020-05	Exp	66	77	93	77	5	73
2020-03	Exp	77	86	93	77	63	73
2020-02	Rec	78	88	93	77	67	73
2019-12	Rec	68	95	93	77	5	72
2019-09	Exp	71	77	93	74	44	72
2019-07	Exp	71	79	93	74	41	72
2019-06	Rec	78	77	93	74	85	72
2019-04	Rec	64	64	93	74	16	72
2019-03	Exp	69	57	93	72	53	72
2019-01	Exp	66	69	93	72	28	72

Data Vintages

Price (HPI)2026-Q1

Permits2026-06

Income2024

Employment2026-06

Migration2023