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Bloomington, IN—47401

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$353,000
1.0% YoY Growth
Household Income
$65,600
29.1% YoY Growth
Days on Market
51
6.0% Longer YoY
Home Price Forecast
-0.1%
Median Rent
$1,650
10.5% YoY Growth
1-Bed Rent
$1,100
0.9% YoY Growth
2-Bed Rent
$1,400
0.7% YoY Growth
3-Bed Rent
$1,850
7.4% YoY Growth

Other Zip Codes in Bloomington, IN

474054740647462474044740847403
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Bloomington, IN

As of May '26, the median home price in Bloomington, IN is $353,000, with a year-over-year change of 1.0%. This indicates that home prices in Bloomington, IN are flat. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$353,0001.0%
Single Family $405,0000.5%
Condos $217,0002.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $154,000
    1.3%
    2 Bed
    		$226,0000.9%
    3 Bed
    		$354,0001.4%
    4 Bed
    		$509,0000.4%
    5 Bed $636,1350.1%
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    % of Housing Stock

    Studio
    4.4%
    1 Bedroom
    16.9%
    2 Bedrooms
    25.3%
    3 Bedrooms
    29.4%
    4 Bedrooms
    17.6%
    5+ Bedrooms
    6.3%

    Rental Trends — Bloomington, IN

    As of July '25, Rentcast reports the average rent in Bloomington, IN is $2,000, with a year-over-year rent change of 10.5%. Per bedroom, the median rent as of July '25 in Bloomington, IN is studios: $1,020, 1-bedrooms: $1,070, 2-bedrooms: $1,430, 3-bedrooms: $2,020, 4-bedrooms: $3,380. The most common rental property sizes in Bloomington, IN are 2-bedroom and 1-bedroom, accounting for 35.4% and 33.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,650$2,000
    Studio Rent $1,080$1,020
    1 Bed Rent $1,100$1,070
    2 Bed Rent $1,400$1,430
    3 Bed Rent $1,850$2,020
    4 Bed Rent $3,200$3,380
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    % of Rental Stock

    Studio
    6.9%
    1 Bedroom
    33.0%
    2 Bedrooms
    35.4%
    3 Bedrooms
    18.3%
    4 Bedrooms
    3.5%
    5+ Bedrooms
    2.9%

    Property Listings — Bloomington, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Bloomington, IN is 51. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$435,000-4.0%
    Listing Count
    		2961.0%
    Listings as % of Homes0.5%1.0%
    Days on Market
    		516.0%
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    Demographics — Bloomington, IN

    As of the latest ACS Survey released in 2023, Bloomington, IN has a population of 40,100, which has decreased by -7.7% over the past 5 years. Bloomington, IN is a moderately popular place for families, as children make up 15.3% of the population. The area has a highly educated workforce, with 61.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		40,100-7.7%
    % Under 18
    		15.3%-1.3%
    % Seniors
    		17.9%27.0%
    % WFH
    		19.0%322.2%
    % w/ College Degree
    		61.8%2.8%
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    As of the latest ACS Survey released in 2023, Bloomington, IN is a predominantly white area, with 80.6% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Bloomington, IN is asian, making up 10.6% of the population. Foreign-born residents account for 12.7% of the population in Bloomington, IN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		80.6%-0.7%
    % Black
    		2.5%-24.2%
    % Hispanic
    		3.6%44.0%
    % Asian
    		10.6%3.9%
    % Foreign Born
    		12.7%0.0%
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    Mortgage and Risk — Bloomington, IN

    According to HUD data as of 2023, there were 639 mortgage originations in Bloomington, IN, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Bloomington, IN. Investor activity is low, as 4.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		639
    % Conventional Loans
    		93.0%
    % Government Loans
    		7.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		19.0%
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    Rentals and Section 8 — Bloomington, IN

    As of 2024, the percent of homes in Bloomington, IN under the Section 8 program is 5.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Bloomington, IN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		466
    Total Units Section 8
    		466
    % Rentals under Section 8
    		5.4%
    % Occupied Section 8
    		97.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$0$1,100$1,100
    2 Bedroom-$150$1,400$1,250
    3 Bedroom-$200$1,850$1,650
    4 Bedroom-$1,230$3,200$1,970

    Affordability — Bloomington, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5
    Median Home Price$353,000
    Median Household Income$65,600

    Bloomington, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Bloomington, IN

    47405

    Bloomington, IN

    47406

    Bloomington, IN

    47408

    Heltonville, IN

    47436

    Bloomington, IN

    47403

    Frequently Asked Questions