Was Bilbo Baggins accepted back into The Hobbit community at the end of The Hobbit?

Answer 1

Bilbo changes a lot after his adventure, and is also considerably more well off because of the two chests of silver and gold he brings back. At the beginning of The Fellowship of the Ring, it is mentioned that Bilbo is now seen as un-hobbit-like, and Frodo is also seen as odd. However, The Hobbit community is not one that would particularly ostracise any of its members, and as Bilbo is still quite rich, it doesn't seem to be a problem for him. Many hobbits still choose to attend his birthday party, so perhaps he is just seen as the local eccentric.

I can add. Bilbo was accepted back but after his adventure with Gandalf he was never the same. Neither were the people's attitudes towards him. They respected him but from that day on saw him as a strange fellow and I believe attanded his parties only because he was a well known Hobbit (and of course ALL hobbits like to eat)!