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Bloomington city, IN

ZIP 47404 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47404

Median Home Value
$243,500
Median Rent
$968
Affordability Snapshot
$67,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,564/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 47404 in Bloomington city, IN, a household would need roughly $67,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,564. That is about 23% above the local median household income ($54,674), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
55.6%-15% vs US avg
x
Vacancy Rate
10.5%+2% vs US avg
x
Broadband Access
87.9%+1% vs US avg
x
4+ Bedrooms
2.9%-80% vs US avg
x
Built Pre-1939
2.5%-81% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
36.8%-26% vs US avg
x
Mortgage-Free
35.4%-7% vs US avg
x
$243,500
Home Value
$968
Rent
1984
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached53.4%
  • 1-unit attached3.5%
  • 2-9 units14.5%
  • 10+ units19.9%
  • Mobile home & other8.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$243,500
Median rent$968
Owner-occupied55.6%
Vacant10.5%
Price-to-income4.5x
Est. income to buy$67,000