Muncie, IN—47302
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Muncie, IN
As of Oct '25, the median home price in Muncie, IN is $98,000, with a year-over-year change of 0.4%. This indicates that home prices in Muncie, IN are flat. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $98,000 | 0.4% |
| Single Family | $98,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $53,000 | -5.4% |
2 Bed | $77,000 | -1.3% |
3 Bed | $119,000 | 1.7% |
4 Bed | $142,000 | 1.4% |
| 5 Bed | $182,000 | 3.4% |
% of Housing Stock
Rental Trends — Muncie, IN
As of July '25, Rentcast reports the average rent in Muncie, IN is $1,000, with a year-over-year rent change of 7.3%. Per bedroom, the median rent as of July '25 in Muncie, IN is studios: $655, 1-bedrooms: $653, 2-bedrooms: $945, 3-bedrooms: $1,190, 4-bedrooms: $1,280. The most common rental property sizes in Muncie, IN are 2-bedroom and 3-bedroom, accounting for 45.3% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $999 | $1,000 |
| Studio Rent | $650 | $655 |
| 1 Bed Rent | $625 | $653 |
| 2 Bed Rent | $900 | $945 |
| 3 Bed Rent | $1,190 | $1,190 |
| 4 Bed Rent | $1,250 | $1,280 |
% of Rental Stock
Property Listings — Muncie, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Muncie, IN is 43. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $109,000 | 4.0% |
Listing Count | 101 | 26.0% |
| Listings as % of Homes | 0.3% | 26.0% |
Days on Market | 43 | 5.0% |
Demographics — Muncie, IN
As of the latest ACS Survey released in 2023, Muncie, IN has a population of 25,400, which has decreased by -5.4% over the past 5 years. Muncie, IN is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 11.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,400 | -5.4% |
% Under 18 | 21.7% | -4.0% |
% Seniors | 15.4% | -2.5% |
% WFH | 4.5% | 50.0% |
% w/ College Degree | 11.5% | -3.4% |
As of the latest ACS Survey released in 2023, Muncie, IN is a predominantly white area, with 83.8% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Muncie, IN is black, making up 6.4% of the population. Foreign-born residents account for 0.5% of the population in Muncie, IN, and this percentage has decreased by 28.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.8% | -3.1% |
% Black | 6.4% | -37.3% |
% Hispanic | 4.1% | 241.7% |
% Asian | 0.2% | -33.3% |
% Foreign Born | 0.5% | -28.6% |
Mortgage and Risk — Muncie, IN
According to HUD data as of 2023, there were 350 mortgage originations in Muncie, IN, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Muncie, IN. Investor activity is low, as 4.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 350 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Muncie, IN
As of 2024, the percent of homes in Muncie, IN under the Section 8 program is 11.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Muncie, IN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 934 |
Total Units Section 8 | 467 |
% Rentals under Section 8 | 11.6% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $135 | $625 | $760 |
| 2 Bedroom | $30 | $900 | $930 |
| 3 Bedroom | $30 | $1,190 | $1,220 |
| 4 Bedroom | $160 | $1,250 | $1,410 |
Affordability — Muncie, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $98,000 |
| Median Household Income | $47,200 |