ZIP Code · IN

ZIP 47403

Part of Bloomington, IN

Pop. 34,396·Monroe County·67th most expensive ZIP in Indiana

Median rent (all units)

$1,360/mo

Year-over-Year

+2.9%

Month-over-Month

Stable

vs US Median

-$572

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 47403 · $1,360

More affordable than 83% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$880

1 BR

$980

2 BR

$1,110

3 BR

$1,460

4 BR+

$1,740

Research median

$1,110/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 47403 is 0.1% below its high of $1,362 in July 2026, at $1,360 as of September 2026.

Past year vs. the rest of Indiana

Rent in ZIP 47403 changed +2.9% over the year to September 2026. Across the 114 Indiana ZIP codes Zillow tracks, the typical change was +3.9%.

What a typical income covers

30% of the median household income ($70,582) is $1,765 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,740).

Rank in Bloomington

1st cheapest of 4 ZIP codes in Bloomington.

From Zillow's monthly rent index (ZORI) for ZIP 47403. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,320/yr

At $1,360/mo median

Location

CityBloomington

StateIN

CountyMonroe County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.9% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 47403 (Bloomington, IN) is roughly split between renters and owners, 39.5% of residents hold a bachelor's degree or higher.

Population

34,396

Median income

$70,582

Median age

35.4

Renters

45.9%

Age distribution

21.7%

27.3%

26.2%

13.9%

Under 1821.7%

18–3427.3%

35–5426.2%

55–6410.9%

65+13.9%

Gender

49.2%

50.8%

Male49.2%

Female50.8%

Race & ethnicity

83.1%

White83.1%

Black5.5%

Hispanic7.4%

Asian2.2%

Other1.8%

Education (25+)

27.6%

26.3%

39.5%

No HS diploma6.6%

HS diploma27.6%

Some college26.3%

Bachelor's+39.5%

Housing tenure

54.1%

45.9%

Owner54.1%

Renter45.9%

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

2022 vs 2026

How ZIP 47403 in Bloomington, IN has changed in 5 years

Rent

$1,236 → $1,360

up 10.0%

Income

$60,024 → $70,582

up 17.6%

Population

33,444 → 34,396

up 2.8%

Renter share

45% → 45.9%

+0.9 pts

Bachelor's+

38.4% → 39.5%

+1.1 pts

The median rent in ZIP 47403 in Bloomington, IN stood at $1,236 in 2022 and currently runs about $1,360, reflecting a 10.0% increase over the period. On the earnings side, the typical household in ZIP 47403 in Bloomington, IN now reports about $70,582, up from $60,024 in 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 2.8% since 2021, moving from about 33,444 residents to roughly 34,396. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 47403 in Bloomington, IN reflects that arc in its own way.

Community

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Local insights

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About renting in ZIP 47403

Last updated: October 17, 2026

ZIP code 47403 covers Bloomington, IN. The median rent here is $1,360/mo as of October 2026. A 1-bedroom rents for a median of $980/mo. A 2-bedroom rents for a median of $1,110/mo.

At 23% of local median household income ($70,582/yr), ZIP 47403 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 47403?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (about $26/hour full-time) to afford the median rent of $1,360/mo in ZIP 47403. The local median household income is $70,582/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 47403?

Rent in ZIP 47403 has risen 2.9% over the past year as of September 2026. It sits 0.1% below its high of $1,362 in July 2026.

How does ZIP 47403 compare to other ZIPs in Indiana?

ZIP 47403 is in the middle among Indiana ZIP codes for rent, ranking #67 of 139 at $1,360/mo. Over the year to September 2026, rent in ZIP 47403 changed +2.9%, against a typical +3.9% across the 114 Indiana ZIP codes Zillow tracks.