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  1. Home
  2. /Browse ZIP Codes
  3. /Indiana
  4. /Bloomington, IN - 47404

Bloomington, IN—47404

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$318,000
2.1% YoY Growth
Household Income
$54,700
38.7% YoY Growth
Days on Market
40
8.0% Longer YoY
Home Price Forecast
1.1%
Median Rent
$1,480
20.7% YoY Growth
1-Bed Rent
$1,000
2.9% YoY Growth
2-Bed Rent
$1,450
20.1% YoY Growth
3-Bed Rent
$2,000
19.6% YoY Growth

Other Zip Codes in Bloomington, IN

474014740547406474624740847403
  • 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 $318,000, with a year-over-year change of 2.1%. This indicates that home prices in Bloomington, IN are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$318,0002.1%
Single Family $319,0001.9%
Condos $298,000-0.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $192,000
    7.3%
    2 Bed
    		$237,0003.5%
    3 Bed
    		$310,0002.0%
    4 Bed
    		$393,0001.3%
    5 Bed $484,2571.0%
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    % of Housing Stock

    Studio
    5.0%
    1 Bedroom
    12.3%
    2 Bedrooms
    26.2%
    3 Bedrooms
    39.6%
    4 Bedrooms
    14.0%
    5+ Bedrooms
    2.9%

    Rental Trends — Bloomington, IN

    As of July '25, Rentcast reports the average rent in Bloomington, IN is $1,980, with a year-over-year rent change of 20.7%. Per bedroom, the median rent as of July '25 in Bloomington, IN is studios: $1,170, 1-bedrooms: $1,070, 2-bedrooms: $1,610, 3-bedrooms: $2,140, 4-bedrooms: $4,030. The most common rental property sizes in Bloomington, IN are 2-bedroom and 1-bedroom, accounting for 35.3% and 25.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,480$1,980
    Studio Rent $1,150$1,170
    1 Bed Rent $1,000$1,070
    2 Bed Rent $1,450$1,610
    3 Bed Rent $2,000$2,140
    4 Bed Rent $4,100$4,030
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    % of Rental Stock

    Studio
    10.4%
    1 Bedroom
    25.5%
    2 Bedrooms
    35.3%
    3 Bedrooms
    23.3%
    4 Bedrooms
    4.2%
    5+ Bedrooms
    1.3%

    Property Listings — Bloomington, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Bloomington, IN is 40. This is a increase of 8.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$335,000-1.0%
    Listing Count
    		1223.0%
    Listings as % of Homes0.7%3.0%
    Days on Market
    		408.0%
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    Demographics — Bloomington, IN

    As of the latest ACS Survey released in 2023, Bloomington, IN has a population of 23,600, which has remained stable by 0.6% over the past 5 years. Bloomington, IN is a moderately popular place for families, as children make up 18.3% of the population. The area has a moderately educated workforce, with 43.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		23,6000.6%
    % Under 18
    		18.3%7.0%
    % Seniors
    		14.1%15.6%
    % WFH
    		15.2%360.6%
    % w/ College Degree
    		43.5%19.5%
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    As of the latest ACS Survey released in 2023, Bloomington, IN is a predominantly white area, with 82.5% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Bloomington, IN is asian, making up 4.5% of the population. Foreign-born residents account for 5.5% of the population in Bloomington, IN, and this percentage has increased by 44.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		82.5%-3.6%
    % Black
    		4.4%0.0%
    % Hispanic
    		3.6%24.1%
    % Asian
    		4.5%73.1%
    % Foreign Born
    		5.5%44.7%
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    Mortgage and Risk — Bloomington, IN

    According to HUD data as of 2023, there were 444 mortgage originations in Bloomington, IN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Bloomington, IN. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		444
    % Conventional Loans
    		82.0%
    % Government Loans
    		18.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		16.0%
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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 13.9%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Bloomington, IN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		713
    Total Units Section 8
    		694
    % Rentals under Section 8
    		13.9%
    % Occupied Section 8
    		98.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$90$1,000$1,090
    2 Bedroom-$210$1,450$1,240
    3 Bedroom-$360$2,000$1,640
    4 Bedroom-$2,150$4,100$1,950

    Affordability — Bloomington, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.2
    Median Home Price$318,000
    Median Household Income$54,700

    Bloomington, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Ellettsville, IN

    47429

    Bloomington, IN

    47405

    Bloomington, IN

    47406

    Stinesville

    47464

    Bloomington, IN

    47408

    Frequently Asked Questions