Prospect Hill, Bloomington, IN
Prospect Hill — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Prospect Hill, Bloomington, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Prospect Hill Neighborhood Overview
Prospect Hill is a historic residential neighborhood in Bloomington, Indiana, located just west of the Indiana University campus. The area is known for its charming, tree-lined streets and a mix of architectural styles, including many well-preserved older homes. It offers residents a quiet, community-focused atmosphere with the energy of a college town close at hand.
Lifestyle & Amenities
Residents enjoy a walkable lifestyle with easy access to downtown Bloomington's vibrant restaurant, shop, and entertainment scene. The neighborhood itself maintains a peaceful, residential character, often hosting community events that foster strong local connections. Nearby parks and green spaces provide ample opportunities for outdoor recreation and relaxation.
Real Estate Market
The Prospect Hill real estate market features a median home value of $311,400, with a price per square foot around $294.27. Homes sell at a measured pace, averaging 74 days on the market, and the neighborhood has a homeownership rate of 56%. Rental options are available, with a median rent reported at $1,157 per month.
Schools & Education
Prospect Hill is served by the Monroe County Community School Corporation, which oversees public education in the area. The neighborhood's proximity to Indiana University provides unique cultural and educational resources for families. Specific school assignments and performance data are determined by district zoning.
Transportation & Connectivity
The neighborhood's central location provides excellent connectivity for walking, biking, and driving. Public transit options, including Bloomington Transit bus routes, serve the area and connect to the university and downtown core. Major roads offer convenient access to other parts of the city and surrounding regions.
Why Choose Prospect Hill
Prospect Hill is ideal for those seeking a historic, established neighborhood with a strong sense of community within walking distance of a dynamic downtown. The blend of quiet streets, cultural amenities, and a stable real estate market makes it a compelling choice. With a median household income of $61,233, it offers a balanced lifestyle for a range of homeowners and renters.
Prospect Hill Market Data
| Metric | Value |
|---|---|
| Median Home Price | $311K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $61K |
| Homeownership Rate | 56.5% |
| Renter-Occupied | 43.5% |
| Rental Vacancy Rate | 6.8% |
| Market Type | Balanced |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 47401 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 200,703 |
| VA Loan Originations | 9,853 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $255K |
| Conventional Loan Originations | 166,323 |
| FHA Loan Originations | 24,527 |
Top Real Estate Agents in Prospect Hill, Bloomington
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Prospect Hill, Bloomington, IN. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12