ZIP 47401
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
June. Asking rents in ZIP 47401 usually run 0.6% below trend in June and 0.6% above it in November, about $20 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 47401 is 0.4% below its high of $1,668 in January 2026, at $1,661 as of September 2026.
Rent in ZIP 47401 changed +0.2% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.
From 2019 to 2024, rent in ZIP 47401 rose 35.1% while median household income rose 26.5% ($52,907 to $66,906). Rent outpaced income.
Rent in ZIP 47401 is 37.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 6 of the last 12 months.
30% of the median household income ($66,906) is $1,673 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,600); a 4-bedroom is $1,940.
3rd cheapest of 4 ZIP codes in Bloomington.
ZIP 47403, 9 miles away, rents for 18% less ($1,360/mo), about $3,600 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 47401. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 47401 in Bloomington, IN has changed in 5 years
Rent in ZIP 47401 in Bloomington, IN has climbed 29.1% since 2021, going from about $1,287 per month to roughly $1,661 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. Rent outpaced income growth by roughly 6.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did 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.
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Tips for renters in ZIP 47401
Last updated: October 17, 2026
ZIP code 47401 covers Bloomington, IN. The median rent here is $1,661/mo as of October 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,230/mo.
At 30% of local median household income ($66,906/yr), ZIP 47401 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.2% over the past year.
Frequently asked questions
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How does ZIP 47401 compare to the rest of Bloomington?
At $1,661/mo, rent takes ~30% of ZIP 47401's median household income ($66,906/yr). The standard benchmark is 30%.
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