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Housing market/Indiana/ZIP 47401

ACS 2023 · FY2027 SAFMR

ZIP 47401 Bloomington, Indiana

Indianapolis-Carmel, IN HUD Metro FMR Area · Indiana. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
40,084
Households
19,136
Median HH income
$65,643
Renter share
45.9%
Median gross rent
$1,181
Vacancy
9.6%
Pop. change
-7.7%
2BR SAFMR
$1,290
SAFMR / rent
1.092×
2–49 unit stock
6,865
LIHTC proj / units
11 / 579
HUD assisted MF
1 / 150

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 47401 · IN — sent to you.

ZIP 47401 · IN

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ACS rent vs 2BR SAFMR

ZIP 47401 — Bloomington, IN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,181
2BR SAFMR$1,290
90% floor$1,161
110% ceiling$1,419

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 47401

  • 1-unit detached10,82151.1%
  • 1-unit attached1,9759.3%
  • 2–4 units1,9619.3%
  • 5–49 units4,90423.2%
  • 50+ units1,4056.6%
  • Mobile960.5%
TypeUnitsShare
1-unit detached10,82151.1%
1-unit attached1,9759.3%
2 units (duplex)4061.9%
3–4 units1,5557.3%
5–9 units1,9569.2%
10–19 units2,0899.9%
20–49 units8594.1%
50+ units1,4056.6%
Mobile960.5%

2–4 unit share 9.3% · 5–49 unit share 23.2% · combined 2–49 32.4%.

Units by bedrooms

Studio
929
1BR
3,583
2BR
5,359
3BR
6,228
4BR
3,732
5+
1,331

Rent burden

Rent ≥30% of income53.4%
Rent ≥50% of income31.6%
  • ACS median gross rent $1,181 (all bedrooms, occupied rentals).
  • Median contract rent $1,038.
  • Renters paying ≥30% of income 53.4%; ≥50% 31.6%.
  • FY2027 2BR SAFMR $1,290 (1.092× ACS median gross rent).

Population

40,084 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -7.7%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 11 projects, 579 units.
  • HUD project-based assisted MF: 1 properties, 150 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 877 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 47401 45.9% of occupied households are renters; vacancy is 9.6%; ACS median gross rent is $1,181; population changed -7.7% between the 2018 and 2023 ACS vintages; the housing stock includes 1,961 units in 2–4-unit structures and 4,904 units in 5–49-unit structures; 11 LIHTC projects totaling 579 units; FY2027 2BR SAFMR is $1,290 versus ACS median gross rent of $1,181. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Indiana research

ZIP 47401 is a Census / HUD profile for Indianapolis-Carmel, IN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 47401 — Bloomington, IN HUD Section 8 Payment Standards / SAFMR·Indiana ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
46030Indianapolis-Carmel, IN HUD Metro FMR Area20.9%$951$1,27046032Indianapolis-Carmel, IN HUD Metro FMR Area33.0%$1,522$2,14046033Indianapolis-Carmel, IN HUD Metro FMR Area13.1%$1,597$2,16046034Indianapolis-Carmel, IN HUD Metro FMR Area13.4%$1,038$1,41046037Indianapolis-Carmel, IN HUD Metro FMR Area18.7%$1,463$2,02046038Indianapolis-Carmel, IN HUD Metro FMR Area31.4%$1,489$1,99046040Indianapolis-Carmel, IN HUD Metro FMR Area13.2%$1,344$1,62046052Indianapolis-Carmel, IN HUD Metro FMR Area25.2%$911$1,28046055Indianapolis-Carmel, IN HUD Metro FMR Area14.7%$1,596$2,09046060Indianapolis-Carmel, IN HUD Metro FMR Area31.0%$1,215$1,66046061Indianapolis-Carmel, IN HUD Metro FMR Area——$1,96046062Indianapolis-Carmel, IN HUD Metro FMR Area19.3%$1,458$1,870

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Indiana research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 47401?

ZIP 47401 (Indianapolis-Carmel, IN HUD Metro FMR Area) has 40,084 residents, 19,136 households, a renter share of 45.9%, median household income of $65,643, and ACS 2023 median gross rent of $1,181. Vacancy is 9.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 47401?

ACS counts 406 units in 2-unit buildings, 1,555 in 3–4 unit buildings, 1,956 in 5–9, 2,089 in 10–19, and 859 in 20–49. Combined 2–49 unit stock is 6,865 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 47401?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,290. See the full schedule and 90–110% payment-standard band on the ZIP 47401 — Bloomington, IN HUD Section 8 Payment Standards / SAFMR.

Does this Indiana ZIP profile include Georgia listings?

No. ZIP 47401 is Census / HUD research for Indianapolis-Carmel, IN HUD Metro FMR Area. Jeff Crowe CRE does not list Indiana property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.