Rental property insurance for Bloomington landlords

With an estimated 79,986 residents, Bloomington has around 22,522 renter households, about 65% of occupied housing. Statewide, Indiana sits at 29%, so Bloomington's rental share is above the state figure.

Bloomington at a glance for landlords

Data: Census ACS 5-year estimates for 2020–2024 via Census Reporter, and Census Vintage 2024 population estimates.

What home values in Bloomington mean for your dwelling limit

The median owner-occupied home in Bloomington is valued at about $321,400, higher than the Indiana median of $218,200. Market value includes land, so it is only a starting point: your dwelling limit should reflect what it would cost to rebuild the structure.

For context, the NAIC reported that Indiana dwelling-fire policies insuring $300,000 to $324,999 averaged $1,030 a year in 2023, against a statewide dwelling-fire average of $753. Those are owner-occupied dwelling-form figures, not landlord quotes.

Loss-of-rents planning in Bloomington

Rents in Bloomington center on about $1,200 monthly, including utilities where tenants pay them. Many owners plan for a year offline after a serious loss, which works out near $14,400 per unit at the median.

Construction era of Bloomington rentals

Half of Bloomington's homes were built before 1985 and half after. Polybutylene supply lines were installed in some homes from the late 1970s to mid-1990s, and insurers may ask whether they have been replaced.

What Bloomington landlords typically own

Roughly 43% of Bloomington homes are single-family, 10% sit in small 2–4 unit buildings, and 44% are in larger apartment buildings. Owners of up to four units can generally use a dwelling fire policy.

Bloomington next to other Indiana rental cities

In Indianapolis, 44% of occupied homes are rented and the median value is $224,800. For comparison, Fort Wayne comes in at 38% rented and $188,900 median value, with median rent of $999. In Evansville, 45% of occupied homes are rented and the median value is $143,100. Bloomington places 2 of 25 profiled Indiana cities by share of rented homes. Roughly 44% of homes in Bloomington are in buildings of five or more units, the point where most owners move to commercial apartment policies.

Bloomington weather exposures that affect landlord claims

Typical Indiana property risks such as frozen pipes in cold winters and basement water and sewer backup, usually excluded unless added affect owners in Bloomington and the rest of Monroe County. Flood and earthquake are excluded from standard dwelling forms and need their own coverage.

Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.

Requesting coverage for a Bloomington rental

• Lease type and whether the unit is ever empty
• Any system updates, with years
• Prior carrier, expiration date, and five-year loss history
• Mortgage company details, if financed
• Desired liability limit and loss-of-rents amount
• The Bloomington address and how many units it has
• When the building went up and when the roof was last replaced

Request a Bloomington landlord quote

Bloomington landlord insurance questions

Other Indiana cities

• Indianapolis
• Fort Wayne
• Evansville
• Fishers
• South Bend
• Carmel
• Hammond
• Noblesville

Landlord insurance in Indiana · Cost by state

Last updated October 15, 2026. Sources and method: how we research.