Real Estate Investing in Bloomington, Indiana (47401)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47401 (Bloomington, IN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.0% vacancy may signal weakening demand.
What’s happening in Bloomington, IN (47401)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47401 Bloomington
The 47401 ZIP covers a section of Bloomington that demands careful diligence. Prices near $356K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 47401 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 47401 and stronger Bloomington ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 47401 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 47401 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Bloomington:
Property Strategy for 47401
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $152,161 | $1,090 | 5.2% | +9.1% | $152,161 |
| 2BR | $220,191 | $1,230 | 4.0% | +6.3% | $110,096 |
| 3BR | $342,669 | $1,600 | 3.4% | +6.0% | $114,223 |
| 4BR | $500,947 | $1,940 | 2.8% | +5.8% | $125,237 |
| 5BR | $622,316 | — | — | +5.8% | $124,463 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 47401 Compare?
| Metric | 47401 | Bloomington | Bloomington, IN | Indiana |
|---|---|---|---|---|
| Home Value | $355,911 | $157,328 | N/A | $248,442 |
| 5-Year CAGR | 4.2% | 4.8% | N/A | 7.7% |
| Avg Rent | $1,504 | $1,355 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47401 (Bloomington, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47401 (Bloomington, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $355,911 |
| Monthly Rent | $1,504 |
| Price-to-Rent | 19.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | -18.8% ▼ |
| 3-Year CAGR | -4.0% ▼ |
| 5-Year CAGR | +0.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 47401
Population: 40,084
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 47401
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,188 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in Bloomington, IN?
Bloomington, IN home values average about $356K. That price point suits investors targeting rentals with $1,504/mo in monthly income.
Does a duplex house hack pencil in Bloomington, IN?
The a challenging house-hack environment in Bloomington, IN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Should investors consider Bloomington, IN?
With a 3.0/5 investability score, Bloomington, IN ranks as a solid market for rental property investors. Median prices of $356K and rents of $1,504/mo drive the underlying numbers.
How much rent can I charge in Bloomington, IN?
Bloomington, IN rentals go for roughly $1,504/mo a month. That puts gross yield in solid territory relative to $356K acquisition costs.
Is Bloomington, IN good for landlords?
Bloomington, IN falls under IN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 47401 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47401 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 47401 ranks in Bloomington, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 47401 (Bloomington)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47401 (Bloomington, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.