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ZIP Code · IN

ZIP 47401

Pop. 40,607·Monroe County·57th most expensive ZIP in Indiana
Median rent (all units)
$1,500/mo
Year-over-Year
-3.7%
Month-over-Month
+6.0%
vs US Median
-$465
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 47401 · $1,500
More affordable than 74% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$980
1 BR
$1,090
2 BR
$1,230
3 BR
$1,600
4 BR+
$1,940
Research median
$1,230/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$18,000/yr
At $1,500/mo median
Location
StateIN
CountyMonroe County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (-3.7% YoY, +6.0% MoM), not inventory.
Demographics

Who lives here

ZIP 47401 (Bloomington, IN) is roughly split between renters and owners, skews toward younger working-age adults, 62.2% of residents hold a bachelor's degree or higher.

Population
40,607
Median income
$66,906
Median age
37.3
Renters
46.7%
Age distribution
14.2%
32.3%
22.3%
12.5%
18.8%
Under 1814.2%
18–3432.3%
35–5422.3%
55–6412.5%
65+18.8%
Gender
49%
51%
Male49%
Female51%
Race & ethnicity
80.3%
White80.3%
Black2.5%
Hispanic3.5%
Asian11.2%
Other2.5%
Education (25+)
12.8%
20.3%
62.2%
No HS diploma4.8%
HS diploma12.8%
Some college20.3%
Bachelor's+62.2%
Housing tenure
53.3%
46.7%
Owner53.3%
Renter46.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 47401 in Bloomington, IN has changed in 5 years

Rent
$1,201 → $1,500
up 24.9%
Income
$54,438 → $66,906
up 22.9%
Population
40,195 → 40,607
up 1.0%
Renter share
44% → 46.7%
+2.7 pts
Bachelor's+
60.3% → 62.2%
+1.9 pts
Median age
35.6 → 37.3
+1.7 yrs

Rent in ZIP 47401 in Bloomington, IN has climbed 24.9% since 2021, going from about $1,201 per month to roughly $1,500 today. On the earnings side, the typical household in ZIP 47401 in Bloomington, IN now reports about $66,906, up from $54,438 in 2021. Headcount in the area went from 40,195 to 40,607 between 2021 and 2024, a 1.0% change. About 46.7% of households rent today, against 44% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 47401 in Bloomington, IN reflects that arc in its own way.

Community

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Local insights

Tips for renters in ZIP 47401

About renting in ZIP 47401

Last updated: July 20, 2026

ZIP code 47401 covers Bloomington, IN. The median rent here is $1,500/mo as of July 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,230/mo.

At 27% of local median household income ($66,906/yr), ZIP 47401 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 47401?

As of July 20, 2026, the median monthly rent in ZIP 47401 (Bloomington, IN) is $1,500. This is based on aggregated data from public sources and community submissions.

How does ZIP 47401 rent compare to the US average?

ZIP 47401's median rent of $1,500/mo is $465 (24%) below the US national median of $1,965/mo.

How does ZIP 47401 compare to other ZIPs in Indiana?

ZIP 47401 falls in the middle range for Indiana, ranking #57 out of 144 ZIPs at $1,500/mo.

How much income do you need to rent in ZIP 47401?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,500/mo in ZIP 47401. The local median household income is $66,906/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 47401?

Rent in ZIP 47401 has decreased 3.7% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 47401 an affordable place to rent?

ZIP 47401 is considered affordable for renters. At $1,500/mo, rent takes approximately 27% of the local median household income ($66,906/yr). The standard benchmark is 30%. ZIP 47401 falls comfortably within that range.

What percentage of ZIP 47401 residents rent vs. own?

According to Census data, approximately 46.7% of ZIP 47401 households are renters, while 53.3% are owner-occupied. ZIP 47401 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 47401 compare to the rest of Bloomington?

ZIP 47401 is pricier than Bloomington as a whole. At $1,500/mo, it's $56 above the Bloomington citywide median of $1,444/mo.

When was rent data for ZIP 47401 last updated?

Rent data for ZIP 47401 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,500/mo, rent takes ~27% of ZIP 47401's median household income ($66,906/yr). The standard benchmark is 30%.

ZIP 47401 27%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 47401 (Bloomington, IN)

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