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ZIP Code · IN

ZIP 47404

Pop. 22,744·Monroe County·59th most expensive ZIP in Indiana
Median rent (all units)
$1,488/mo
Year-over-Year
-3.9%
Month-over-Month
+0.6%
vs US Median
-$477
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 47404 · $1,488
More affordable than 75% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$990
1 BR
$1,100
2 BR
$1,240
3 BR
$1,610
4 BR+
$1,950
Research median
$1,240/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
$17,856/yr
At $1,488/mo median
Location
StateIN
CountyMonroe County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 3.9% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-3.9% YoY, +0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 47404 (Bloomington, IN) is majority owner-occupied, skews toward younger working-age adults, has a median income below the national average, 45% of residents hold a bachelor's degree or higher.

Population
22,744
Median income
$61,389
Median age
34.4
Renters
42.2%
Age distribution
19.1%
32.5%
23.9%
14.4%
Under 1819.1%
18–3432.5%
35–5423.9%
55–6410.1%
65+14.4%
Gender
51.3%
48.7%
Male51.3%
Female48.7%
Race & ethnicity
81.4%
White81.4%
Black5.2%
Hispanic4.4%
Asian4%
Other5%
Education (25+)
23%
26.3%
45%
No HS diploma5.7%
HS diploma23%
Some college26.3%
Bachelor's+45%
Housing tenure
57.8%
42.2%
Owner57.8%
Renter42.2%

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

2021 vs 2026

How ZIP 47404 in Bloomington, IN has changed in 5 years

Income
$47,121 → $61,389
up 30.3%
Population
23,910 → 22,744
down 4.9%
Renter share
45.2% → 42.2%
-3.0 pts
Bachelor's+
40.4% → 45%
+4.6 pts
Median age
32.5 → 34.4
+1.9 yrs

On the earnings side, the typical household in ZIP 47404 in Bloomington, IN now reports about $61,389, up from $47,121 in 2021. Headcount in the area went from 23,910 to 22,744 between 2021 and 2024, a 4.9% change. About 42.2% of households rent today, against 45.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 40.4% to 45%.

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Local insights

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About renting in ZIP 47404

Last updated: July 20, 2026

ZIP code 47404 covers Bloomington, IN. The median rent here is $1,488/mo as of July 2026. A 1-bedroom rents for a median of $1,100/mo. A 2-bedroom rents for a median of $1,240/mo.

At 29% of local median household income ($61,389/yr), ZIP 47404 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 47404?

As of July 20, 2026, the median monthly rent in ZIP 47404 (Bloomington, IN) is $1,488. This is based on aggregated data from public sources and community submissions.

How does ZIP 47404 rent compare to the US average?

ZIP 47404's median rent of $1,488/mo is $477 (24%) below the US national median of $1,965/mo.

How does ZIP 47404 compare to other ZIPs in Indiana?

ZIP 47404 falls in the middle range for Indiana, ranking #59 out of 144 ZIPs at $1,488/mo.

How much income do you need to rent in ZIP 47404?

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 $1,488/mo in ZIP 47404. The local median household income is $61,389/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 47404?

Rent in ZIP 47404 has decreased 3.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 47404 an affordable place to rent?

ZIP 47404 is considered affordable for renters. At $1,488/mo, rent takes approximately 29% of the local median household income ($61,389/yr). The standard benchmark is 30%. ZIP 47404 falls comfortably within that range.

What percentage of ZIP 47404 residents rent vs. own?

According to Census data, approximately 42.2% of ZIP 47404 households are renters, while 57.8% are owner-occupied. ZIP 47404 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 47404 compare to the rest of Bloomington?

ZIP 47404 is pricier than Bloomington as a whole. At $1,488/mo, it's $44 above the Bloomington citywide median of $1,444/mo.

When was rent data for ZIP 47404 last updated?

Rent data for ZIP 47404 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $1,488/mo, rent takes ~29% of ZIP 47404's median household income ($61,389/yr). The standard benchmark is 30%.

ZIP 47404 29%Benchmark 30%
State income tax3.05%
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Schools nearby

Public schools near ZIP 47404 (Bloomington, IN)

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