ZIP Code 47401 — Bloomington, IN Home Prices (2026)
The typical home in ZIP 47401 (Bloomington, Indiana) is worth about $356,000 at roughly $200 per square foot — 7% more expensive than the Bloomington median and 21% more expensive than the typical U.S. home.
How 47401 compares
ZIP 47401 is one of the pricier ZIP codes in Bloomington: its typical home value of $356,000 ranks #1 of the 4 Bloomington ZIP codes we track (the citywide range runs from $281,000 in 47403 to $356,000 in 47401). Per square foot it costs about $200, against $199 for Bloomington as a whole, $155 for Indiana, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 47401 | $356,000 | $200 |
| Bloomington, IN | $333,000 | $199 |
| Indiana | $237,000 | $155 |
| United States | $294,000 | $195 |
Home value by size in 47401
Using this ZIP’s rate of about $200 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $200,000 |
| 1,500 sq ft | $300,000 |
| 2,000 sq ft | $400,000 |
| 2,500 sq ft | $500,000 |
| 3,000 sq ft | $600,000 |
Salary needed to buy a home in ZIP 47401
To buy the typical $356,000 home in ZIP 47401 with 20% down, you need a household income of roughly $97,000 a year (about $2,260 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $115,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $17,800 | $2,810/mo | $120,000/yr |
| 10% (+PMI) | $35,600 | $2,690/mo | $115,000/yr |
| 20% | $71,200 | $2,260/mo | $97,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 47401
At about $200 per square foot, here is roughly how much home different budgets get you in ZIP 47401:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $200k | 1000 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1250 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1500 sq ft | around the typical home here |
| $400k | 2000 sq ft | around the typical home here |
| $500k | 2500 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 47401 home.
Estimate a specific home in 47401
The estimator below is pre-set to ZIP 47401 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Bloomington ZIP codes by home value
Where 47401 sits among Bloomington’s 4 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 47401 (this page) | $356,000 | $200 |
| 2 | 47408 | $348,000 | $189 |
| 3 | 47404 | $318,000 | $200 |
| 4 | 47403 | $281,000 | $197 |
ZIP 47401 home prices: frequently asked
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See the full Bloomington home values page, all Indiana cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.