Zip 47408 (Bloomington, IN) Housing

The housing market in 47408 Bloomington, IN is thriving. The median value of a house is currently $297,900, which is lower than the US median value of $338,100. Additionally, in the last year alone, there has been an increase of 12.85% in the median house value of 47408 Bloomington, IN - greater than the US rate of 8.27%. This indicates a strong and growing housing market in this area that will likely continue to appreciate in value over time.

The median home cost in Bloomington (zip 47408) is $297,900. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Bloomington (zip 47408) is up 16.7%.

Average Age of Homes

- The median age of Bloomington (zip 47408) real estate is 38 years old

The Rental Market in Bloomington (zip 47408)

- Renters make up 58.5% of the Bloomington (zip 47408) population
- 2.9% of houses and apartments in Bloomington (zip 47408), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Bloomington, Indiana	United States
	10,454.0	139,647,020.0
	43	42
	$297,900	$338,100
	16.7%	16.6%
	58.6%	57.0%
	87.2%	101.1%
	$7.53	$10.98
	$1,700	$2,690
	30.5%	57.4%
	14.2%	11.2%
	55.3%	31.4%
Vacant Housing
	2.9%	1.9%
	2.6%	0.4%
	2.1%	0.7%
	0.0%	0.4%
	1.3%	3.6%
	5.4%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	0.6%	2.4%
	1.9%	2.8%
	3.3%	3.9%
	7.5%	4.5%
	8.6%	11.3%
	16.2%	13.0%
	34.1%	20.1%
	11.7%	13.6%
	2.9%	8.3%
	7.1%	9.7%
	3.0%	3.9%
	0.5%	2.2%
	0.2%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.2%	13.6%
	7.2%	13.6%
	16.1%	13.6%
	15.0%	13.2%
	20.5%	14.8%
	16.1%	13.6%
	11.5%	10.0%
	1.3%	4.7%
	7.0%	12.2%

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