How much is a home worth in ZIP code 47404?

The typical home in 47404 is worth $314,233, based on the Zillow Home Value Index.

Are home values rising in 47404?

Home values in 47404 are up 2.4% over the past year, and up 5.3% a year over five years.

What is the typical rent in 47404?

A typical home in 47404 rents for about $1,496 a month, a gross rental yield of 5.7%.

What is the property tax rate in 47404?

The effective property tax rate in 47404 is 0.7% — roughly $2,225 a year on a typical home.

ZIP code 47404 has a population of 22,744 and a median household income of $61,389.

HousingHandbookReference data

…

U.S. ZIP Code · IN47404

Monroe County · Bloomington, IN

Typical home value

$314,233^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.4%
5-year / yr: +5.3%
10-year / yr: +6.8%

Relative price

vs U.S.: +10.6%
vs metro: +14.0%
vs state: +35.8%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 47404 is worth $314,233 — 14.0% above the Bloomington, IN median. Over the past year, values have risen 2.4%. Homes here rent for a typical $1,496 a month — a 5.7% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,496^[2]
Gross yield: 5.7%^[2]
Cap rate: 3.4%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,225^[3]

#Climate risk

FEMA National Risk Index ratings for Monroe County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Very Low
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 22,744^[3]
Median household income: $61,389^[3]

#Migration

Household moves in and out of Monroe County over a year, from IRS tax-return data.

Net migration: -922^[5]
Moved in: 4,203
Moved out: 5,125

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 8
Elementary: 4
Middle: 1
High: 2

Bloomington High School North
High · Grades 9–12 · Monroe County Community Sch Corp
1,562 students
Edgewood Primary School
Elementary · Grades K–2 · Richland-Bean Blossom C S C
659 students
Edgewood Intermediate School
Elementary · Grades 3–5 · Richland-Bean Blossom C S C
597 students
Tri-North Middle School
Middle · Grades 7–8 · Monroe County Community Sch Corp
543 students
Fairview Elementary School
Elementary · Grades PK–6 · Monroe County Community Sch Corp
376 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.7%

Net yield (after ~40% expenses)3.4%

Annual rent$17,957

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,589

Loan principal$251,386

Down payment$62,847

Total interest paid$320,630

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.36

Monthly cost to own$2,037

Monthly rent$1,496

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 36th percentile^[1]
Rental yield: 67th percentile^[2]
Property tax: 82nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 47404?: The typical home in 47404 is worth $314,233, based on the Zillow Home Value Index.
Are home values rising in 47404?: Home values in 47404 are up 2.4% over the past year, and up 5.3% a year over five years.
What is the typical rent in 47404?: A typical home in 47404 rents for about $1,496 a month, a gross rental yield of 5.7%.
What is the property tax rate in 47404?: The effective property tax rate in 47404 is 0.7% — roughly $2,225 a year on a typical home.
Who lives in 47404?: ZIP code 47404 has a population of 22,744 and a median household income of $61,389.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

47408 vs 47404 →
Bloomington, IN
Typical home
$344,429
Gross yield
6.0%
47429 vs 47404 →
Ellettsville, IN
Typical home
$280,549
Gross yield
—
47401
Smithville-Sanders CDP, IN
Typical home
$349,128
Gross yield
5.0%
47403
Bloomington, IN
Typical home
$277,656
Gross yield
5.5%
47456
IN
Typical home
$273,585
Gross yield
—
47468
IN
Typical home
$368,326
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 47404 against any other ZIP — full side-by-side table.

Compare 47404 →

#Jump to section

U.S. ZIP Code · IN47404

Get more data on ZIPs like this

Get more data on ZIPs like this