47408 — Bloomington, IN Home Values
Typical home value $351,194 as of June 2026 · 3rd of 13 in Bloomington, IN
Blue: typical home value (Zillow ZHVI) in ZIP code 47408, June 2021 to June 2026. This page shows observed data only; no forecast.
How 47408 compares in the Bloomington, IN area
ZIP code 47408 (Bloomington, IN) has a typical home value of $351,194 as of June 2026, ranking 3rd of 13 ZIP codes tracked in the Bloomington, IN area, more expensive than about 85% of ZIP codes in the metro. Prices here have moved +2.5% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +24.0%, from $283,123 in June 2021 to $351,194 in June 2026. Against observed rent, the typical home here sells for 17.5× the annual rent ($1,675/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Bloomington, IN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Bloomington.
Population and demographics
ZIP code 47408 has a population of 21,660, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 79.8% White, 10% Asian, 3.5% Black or African American, 3.4% Hispanic or Latino, and 3.3% two or more races.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Unionville Elementary School | 8144 E SR 45, Unionville, IN | 2.8 mi |
| Marlin Elementary School | 1655 E Bethel Ln, Bloomington, IN | 2.8 mi |
| University Elementary School | 1111 N Russell Rd, Bloomington, IN | 3.8 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 47408?
$351,194 as of June 2026, the latest month Zillow has published observed data for.
Is 47408 an expensive ZIP code in the Bloomington, IN area?
47408 ranks 3rd of 13 ZIP codes in the Bloomington, IN area by typical home value, more expensive than about 85% of ZIP codes in the metro.
How much have home values in 47408 changed over the past year?
+2.5% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 47408?
The typical home price is 17.5× the observed annual rent in this ZIP code ($1,675/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 47408?
21,660, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 47408?
Unionville Elementary School (2.8 mi), Marlin Elementary School (2.8 mi), University Elementary School (3.8 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 47408?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Bloomington, IN forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.