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City · 80,049 residents · Monroe County, Indiana

Bloomington , Indiana

In Bloomington, a typical home is worth $321,400 and typical rent is $1,200 a month. Compared with all of Monroe County, typical household income is 23% lower, the typical home value is 13% higher, and the share of households that own their home is 19 points lower.

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  • Typical home value

    $321,400

    13% above the county

    47% above Indiana

    • Bloomington
    • Monroe
    • Indiana

  • Typical rent

    $1,200a month

    About the same as the county

    13% above Indiana

    • Bloomington
    • Monroe
    • Indiana

  • Typical household income

    $50,465a year

    23% below the county

    30% below Indiana

    • Bloomington
    • Monroe
    • Indiana

  • Households that own their home

    35%

    19 points below the county

    36 points below Indiana

    • Bloomington
    • Monroe
    • Indiana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$312,287
1.2% more than 12 months ago
Typical rent
$1,763 a month
2% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Bloomington is in Monroe County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Monroe County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Bloomington apart

What this place has that others do not, from public data, most unusual first.

  1. Bloomington has the 2nd lowest homeownership rate of the 134 cities in Indiana with more than 5,000 people (35%).

  2. Nearby, in Bedford, the typical home value is $152,400: 53% less than in Bloomington ($321,400).

  3. Nearby, in Bedford, the typical rent is $828: 31% less than in Bloomington ($1,200).

  4. Bloomington has the 7th largest share of rent-burdened renters of the 120 cities in Indiana with more than 5,000 people (64%).

  5. The typical household income in Bloomington is $50,465, 23% less than in Monroe County as a whole ($65,868).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Bloomington

What homes there are in Bloomington, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Many people here live in apartments: 4 in 10 homes; in Monroe County, 3.

Year built

In Bloomington, half of the homes were built before 1985; in Monroe County, before 1986.

In Bloomington, 27% of homes have 1 bedroom or none (studios); 43% have 3 bedrooms or more, against 57% in Monroe County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA loan limit for Monroe County is $541,287, and about 86% of owner-occupied homes in Bloomington are worth less than that.

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Monroe County is $1,252: about 52% of rents in Bloomington are below it.

With a mortgage

$1,546 a month

Monroe County: $1,532 a month

Without a mortgage

$617 a month

Monroe County: $570 a month

Owners with a mortgage

57%

Monroe County: 62%

In Bloomington, 57% of owners have a mortgage; their typical cost is $1,546 a month, about the same as in Monroe County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Bloomington rose at about the same pace as in Monroe County: 60% against 62%.

Much as in Monroe County, the typical rent in Bloomington rose 31% since 2015–2019.

The typical household income in Bloomington rose 36% over that time; home values changed +60% and rent +31%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureBloomingtonMonroe CountyIndianaUnited States
Rental vacancy 6.2%6.8%5.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room 1.4%1.5%1.8%3.4%
People per household 1.912.142.462.53
Drive alone 56%65%76%69%
Carpool 9%9%9%9%
Public transit 4%2%1%3%
Walk or bike 13%7%2%3%
Work from home 18%16%11%15%
Other means 1%1%1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Open rentals in Bloomington look like those in Monroe County: the rental vacancy rate is 6.2%.

In Bloomington, 1.4% of households live with more than one person per room, about the same as in Monroe County.

Households in Bloomington are smaller: 1.91 people on average; in Monroe County, 2.14.

Many here get to work on foot or by bike: 13%, more than in Monroe County (7%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Bloomington?

A typical home costs more than the typical income allows

We start with a typical home in Bloomington, worth $321,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 63% of the typical household income in Bloomington, which is $50,465 a year. For that payment to be 28% of income, a household would need to earn about $112,751 a year.

The calculator's FHA and conventional loan limits are those of all of Monroe County.

Your numbers

Local data
$

Starts at the typical home value in Bloomington. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $11,249 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,631

at 7.18% · 30 years

Loan amount
$315,579
Total interest
$454,044
Paid off in
November 2056

Includes $5,428 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,178 a month

  • Tight

    $1,178 to $1,514 a month

  • Hard

    more than $1,514 a month

    Your payment · 63%

Compared with the typical household income in Bloomington ($50,465 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,631
Principal & interest$2,138
Property tax$217
Home insurance$134
FHA mortgage insurance (MIP)$142

You need at least $11,249 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Bloomington and Monroe County

Bloomington is in Monroe County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Bloomington's own numbers

Typical home value
$321,400
Typical monthly rent
$1,200
Typical yearly household income
$50,465
Households that own their home
35%
Effective property tax rate
0.81%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Monroe County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,252
Price change over 5 years (FHFA)
+44%
Homes in a high flood-risk zone
1.1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Monroe County.

Everything about Monroe County

Buying

Buying a home in Bloomington

A typical home in Bloomington is worth $321,400: 13% above the county and 47% above Indiana. With the typical household income in Bloomington ($50,465 a year), a typical home costs 6.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Bloomington 6.4 years
  • Monroe 4.3 years
  • Indiana 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Monroe County

According to FHFA’s house price index, home prices in Monroe County rose 86% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Monroe County.

Period County Indiana U.S.
Last year (2025) +2.4% +4.3% +2.9%
5 years (2020–2025) +44% +53% +47%
10 years (2015–2025) +86% +95% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Bloomington next to Monroe County, Indiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Bloomington $321,400
  • Monroe $285,200
  • Indiana $218,200
  • United States $332,700
Typical monthly rent
  • Bloomington $1,200
  • Monroe $1,193
  • Indiana $1,062
  • United States $1,413
Typical yearly household income
  • Bloomington $50,465
  • Monroe $65,868
  • Indiana $71,957
  • United States $80,734
See the full table
Bloomington next to Monroe County and Indiana
Measure Bloomington Monroe County Indiana U.S.
Typical home value $321,400 $285,200 $218,200 $332,700
Typical monthly rent $1,200 $1,193 $1,062 $1,413
Typical yearly household income $50,465 $65,868 $71,957 $80,734
Households that own their home 35% 54% 71% 65%
Typical yearly property tax $2,602 $2,036 $1,614 $3,119
Effective property tax rate 0.81% 0.71% 0.74% 0.94%
Renters with high rent for their income 64% 61% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Monroe County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Bloomington

For a typical $321,400 home in Bloomington, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Bloomington's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,631a month

    Least cash to close
    Down payment
    $11,249
    Cash to close
    $20,891
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $142

  • Conventional, 5% down $2,572a month

    Down payment
    $16,070
    Cash to close
    $25,712
    Rate
    7.18%
    Mortgage insurance
    PMI · $153

  • Conventional, 20% down, no PMI $2,093a month

    Down payment
    $64,280
    Cash to close
    $73,922
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,390a month

    Down payment
    $48,210
    Cash to close
    $57,852
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Bloomington and for Monroe County.

Property tax

Effective rate in Bloomington

0.81%of the home’s value each year

$2,602 a year for the typical owner in Bloomington.

  • Bloomington 0.81%
  • Monroe 0.71%
  • Indiana 0.74%

What Indiana publishes Homestead standard deduction: the amount drops each year (Indiana Department of Local Government Finance (DLGF), Form HC10)

Exemptions and deadlines in Indiana

Flood risk in Monroe County

FEMA does not publish these numbers by city: they are for all of Monroe County.

Homes in the high-risk zone
1.1%
506
Of those, with NFIP insurance
16%
County Indiana U.S.
Homes in the high-risk zone 1.1% 2.3% 3.5%
Of those, with NFIP insurance 16% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Bloomington

Typical rent in Bloomington is $1,200 a month: about the same as the county. In Bloomington, 64% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Monroe County, by unit size. To pay the 2-bedroom one ($1,252 a month) without spending more than 30% of your income, you would need to earn $24.08 an hour working full time.

HUD fair market rent for all of Monroe County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,001 $19.25 $40,040
1 bedroom $1,096 $21.08 $43,840
2 bedrooms $1,252 $24.08 $50,080
3 bedrooms $1,601 $30.79 $64,040
4 bedrooms $1,932 $37.15 $77,280

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Bloomington

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Bloomington has 6 ZIP codes with their own.

For 2 bedrooms it runs from $1,170 in 47403 to $1,290 in 47401.

5 of the 6 are above the fair market rent for Monroe County ($1,252).

  • 47401 $1,290$1,650
  • 47403 $1,170$1,500
  • 47404 $1,270$1,620
  • 47405 $1,270$1,620
  • 47406 $1,270$1,620
  • 47408 $1,260$1,610

4 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Bloomington when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Bloomington

HUD lists 21 buildings with rents for lower incomes in Bloomington. These are the largest.

  • Country View Apts III 2500 S Rockport Rd, Bloomington 47403 206 low-income homes · 1 bd: 36 · 2 bd: 144 · 3 bd: 24 · 4 bd: 2 · In service since 1998
  • Canterbury House Apts (bloomington) 540 S Basswood Dr, Bloomington 47403 208 homes, 174 low-income · 1 bd: 40 · 2 bd: 104 · 3 bd: 64 · In service since 2003
  • Cambridge Square Bloomington 307 N Pete Ellis Dr, Bloomington 47408 153 low-income homes · For older adults (812) 337-3507
  • Henderson Court Apts 2475 S Winslow Ct, Bloomington 47401 150 low-income homes · 1 bd: 28 · 2 bd: 92 · 3 bd: 30 · In service since 2008 · For families (812) 339-3088
  • Union at Crescent 1200 N Crescent Rd, Bloomington 47404 146 low-income homes · 1 bd: 64 · 2 bd: 63 · 3 bd: 19 · In service since 2020

See all 25 buildings in Monroe County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Bloomington

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Monroe County; none says it serves in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Bloomington

No down payment, repair or rent-help program on our list is for Bloomington or Monroe County. The ones below are statewide in Indiana: they work in Bloomington the same as in the rest of the state.

Which programs do I qualify for? All programs in Indiana

  • Next Home

    Statewide in Indiana

    Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Type not stated

    See the program Official page

  • First Step

    Statewide in Indiana

    Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Deferred

    See the program Official page

Housing counselors near Bloomington

The HUD-approved agencies closest to the center of Bloomington, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • City of Bloomington - Housing and Neighborhood Development (HAND)

    401 N Morton St, Bloomington · 1 miles away

    • Mortgage delinquency and default
    • Homelessness services
    • and 6 more
    (812) 349-3420

  • Intend Indiana, Inc

    1704 Bellefontaine St, Indianapolis · 48 miles away · Spanish

    • Pre-purchase counseling
    • Homebuyer education workshops
    (317) 924-8116

  • Indianapolis Neighborhood Housing Partnership

    2690 N Meridian St, Indianapolis · 48 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (317) 610-4663

Every agency in Monroe County All counseling agencies in Indiana

Help in Spanish near Bloomington

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Bloomington

HUD’s record names them for Bloomington or Monroe County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the City of Bloomington Public housing and Section 8 vouchers (812) 339-3491

All housing agencies in Indiana Source: HUD

Cities

Other cities in Monroe County

These cities are also in Monroe County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Monroe County Housing in Indiana

Nearby cities

The cities closest to Bloomington, with the typical home value.

Neighboring counties

If Monroe County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Bloomington.

All guides
A smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about Bloomington

Short answers with the numbers for Bloomington and all of Monroe County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Bloomington?

The typical home value in Bloomington is $321,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Monroe County it is $285,200.

How much does it cost to rent in Bloomington?

Typical rent in Bloomington is $1,200 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Monroe County is $1,252.

What is the FHA loan limit in Bloomington?

Bloomington uses the FHA limit for all of Monroe County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Bloomington?

The typical homeowner in Bloomington pays $2,602 a year, according to the U.S. Census Bureau. That is 0.81% of the home’s value; in Monroe County, the rate is 0.71%.

Where can I find free help to buy or rent in Bloomington?

There is 1 HUD-approved counseling agency with an office in Monroe County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).