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ZIP Code · IN

ZIP 47403

Pop. 34,396·Monroe County·88th most expensive ZIP in Indiana
Median rent (all units)
$1,275/mo
Year-over-Year
-6.5%
Month-over-Month
+1.7%
vs US Median
-$687
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 47403 · $1,275
More affordable than 88% of US ZIP codes · National median $1,962/mo
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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: August 17, 2026

Annual cost
$15,300/yr
At $1,275/mo median
Location
StateIN
CountyMonroe County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 6.5% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-6.5% YoY, +1.7% 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

2021 vs 2026

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

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

On the earnings side, the typical household in ZIP 47403 in Bloomington, IN now reports about $70,582, up from $60,024 in 2021. The population has grown by 2.8% since 2021, moving from about 33,444 residents to roughly 34,396.

Community

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Local insights

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About renting in ZIP 47403

Last updated: August 17, 2026

ZIP code 47403 covers Bloomington, IN. The median rent here is $1,275/mo as of August 2026. A 1-bedroom rents for a median of $980/mo. A 2-bedroom rents for a median of $1,110/mo.

At 22% of local median household income ($70,582/yr), ZIP 47403 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 6.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 47403?

As of August 17, 2026, the median monthly rent in ZIP 47403 (Bloomington, IN) is $1,275. This is based on aggregated data from public sources and community submissions.

How does ZIP 47403 rent compare to the US average?

ZIP 47403's median rent of $1,275/mo is $687 (35%) below the US national median of $1,962/mo.

How does ZIP 47403 compare to other ZIPs in Indiana?

ZIP 47403 falls in the middle range for Indiana, ranking #88 out of 142 ZIPs at $1,275/mo.

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 $51,000/year (~$25/hour full-time) to afford the median rent of $1,275/mo in ZIP 47403. The local median household income is $70,582/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 47403?

Rent in ZIP 47403 has decreased 6.5% over the past year as of August 17, 2026, offering some relief compared to 12 months ago.

Is ZIP 47403 an affordable place to rent?

ZIP 47403 is considered very affordable for renters. At $1,275/mo, rent takes approximately 22% of the local median household income ($70,582/yr). The standard benchmark is 30%. ZIP 47403 falls comfortably within that range.

What percentage of ZIP 47403 residents rent vs. own?

According to Census data, approximately 45.9% of ZIP 47403 households are renters, while 54.1% are owner-occupied. ZIP 47403 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 47403 compare to the rest of Bloomington?

ZIP 47403 is more affordable than Bloomington overall. At $1,275/mo, it's $188 below the Bloomington citywide median of $1,463/mo.

When was rent data for ZIP 47403 last updated?

Rent data for ZIP 47403 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,275/mo, rent takes ~22% of ZIP 47403's median household income ($70,582/yr). The standard benchmark is 30%.

ZIP 47403 22%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 47403 (Bloomington, IN)

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