47406, Bloomington, IN

The 47406 zip code of Bloomington, IN has a median home value of $191,000 and a median home equity value of $142,000. These values are significantly higher than the Indiana statewide median home value of $130,800 and the national median home value of $177,600.

The high home values in the 47406 zip code may be partially due to the presence of several prestigious universities in the area. These institutions attract a large number of affluent students and their families who are likely to invest in homes near these schools. Additionally, Bloomington is located in one of the most prosperous parts of Indiana and its residents may be more willing to spend on housing than residents in other parts of the state.

Despite the high values, there is evidence that not all homeowners in the 47406 zip code are experiencing healthy levels of equity. In fact, nearly one-third (32%)of homeowners in this zip code have less than 20% equity in their homes, which is significantly higher than the statewide average (15%)and national average (14%). This suggests that many homeowners in this area are still vulnerable to potential market fluctuations that could cause their homes to lose value.