Bloomington, IN—47401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bloomington, IN
As of Oct '25, the median home price in Bloomington, IN is $343,000, with a year-over-year change of 1.8%. This indicates that home prices in Bloomington, IN are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $343,000 | 1.8% |
| Single Family | $395,000 | 1.5% |
| Condos | $211,000 | 1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $152,000 | 4.8% |
2 Bed | $220,000 | 2.3% |
3 Bed | $343,000 | 1.8% |
4 Bed | $501,000 | 2.2% |
| 5 Bed | $622,000 | 1.5% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Bloomington, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Bloomington, IN is 71. This is a increase of 4.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $399,000 | -6.0% |
Listing Count | 262 | 24.0% |
| Listings as % of Homes | 0.5% | 24.0% |
Days on Market | 71 | 4.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $343,000 |
| Median Household Income | $65,600 |