The story of this market
The typical home in ZIP 47401 sells for about $365,000, or $190 per square foot.
Prices are down 1.5% from a year ago, which gives buyers more room to negotiate. Homes take about 63 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,232 a month.
ZIP 47401 — Bloomington
The 47401 housing market is experiencing a cooling trend with year-over-year declines in median listing prices. Despite this, it remains a balanced market where inventory growth provides buyers with increased choice. High rental demand continues to support the local market stability.
This ZIP fits investors due to strong rental demand and family buyers seeking a balanced, established community with cultural depth.
Median prices moved down 1.5% year over year.
Homes spend a median of 63 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 97.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.3% · poverty 19.9% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 47401, Monroe County, Indiana
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
47401 maintains a standard urban profile for a university-adjacent municipality. Crime trends are generally consistent with regional mid-sized cities in Indiana.
Prevailing public schools within the Monroe County Community School Corporation are generally well-regarded within the state's educational framework.
The region is subject to standard Midwest weather patterns, including seasonal wind risk and localized flash flood zones near creek beds. Insurance postures remain standard for the region.
Major influence from Indiana University Bloomington drives the local economy. Infrastructure momentum focuses on town-gown connectivity and urban densification.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Residents experience generally short drive times to the employment core, averaging 18 to 19 minutes. The area is well-served by local roads and public transit.
The area features a high density of parks, greenbelts, and proximity to Lake Monroe. Extensive recreational trail networks and university facilities provide significant outdoor and cultural amenities.
Strong rental demand is driven by the university population. Vacancy rates fluctuate seasonally based on academic calendars.
Education via Indiana University, healthcare services, and a growing tech-start-up scene define the local employment mix.
The area is served by local road networks and public transit systems that facilitate access to the university and downtown employment cores.
There is a continued focus on mixed-use infill development and housing unit expansion to support regional growth.
Various TIF and tax-special assessment districts exist within the city to support infrastructure and development.
The area maintains a standard insurance posture, though residents are advised to check specific property proximity to flood plains.
Data retrieved from US Census Bureau ACS 5-year estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major community park featuring recreational facilities and green space.
Provides extensive cultural, sports, and educational amenities.
The primary commercial and entertainment hub for the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.