Muncie, IN—47303
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 $138,000, with a year-over-year change of 5.2%. This indicates that home prices in Muncie, IN are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $138,000 | 5.2% |
| Single Family | $138,000 | 4.5% |
| Condos | $129,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $74,000 | 7.2% |
2 Bed | $99,000 | 4.2% |
3 Bed | $148,000 | 5.0% |
4 Bed | $192,000 | 4.3% |
| 5 Bed | $203,000 | 2.0% |
% of Housing Stock
Rental Trends — Muncie, IN
As of July '25, Rentcast reports the average rent in Muncie, IN is $1,080, with a year-over-year rent change of 2.9%. Per bedroom, the median rent as of July '25 in Muncie, IN is studios: $642, 1-bedrooms: $722, 2-bedrooms: $960, 3-bedrooms: $1,160, 4-bedrooms: $1,570. The most common rental property sizes in Muncie, IN are 2-bedroom and 3-bedroom, accounting for 35.9% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,080 |
| Studio Rent | $650 | $642 |
| 1 Bed Rent | $695 | $722 |
| 2 Bed Rent | $925 | $960 |
| 3 Bed Rent | $1,200 | $1,160 |
| 4 Bed Rent | $1,600 | $1,570 |
% 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 57. This is a increase of 2.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $131,000 | 14.0% |
Listing Count | 71 | 23.0% |
| Listings as % of Homes | 0.4% | 23.0% |
Days on Market | 57 | 2.0% |
Demographics — Muncie, IN
As of the latest ACS Survey released in 2023, Muncie, IN has a population of 24,100, which has decreased by -5.6% over the past 5 years. Muncie, IN is a moderately popular place for families, as children make up 15.0% of the population. The area has a moderately educated workforce, with 25.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,100 | -5.6% |
% Under 18 | 15.0% | -7.4% |
% Seniors | 15.1% | 0.0% |
% WFH | 5.7% | 111.1% |
% w/ College Degree | 25.3% | 17.7% |
As of the latest ACS Survey released in 2023, Muncie, IN is a predominantly white area, with 82.1% of the population identifying as white. The white population has grown by 2.5% in the last 5 years. The second most common race or ethnicity in Muncie, IN is black, making up 9.3% of the population. Foreign-born residents account for 1.7% of the population in Muncie, IN, and this percentage has decreased by 51.4% 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 | 82.1% | 2.5% |
% Black | 9.3% | -25.0% |
% Hispanic | 2.8% | -24.3% |
% Asian | 0.9% | -35.7% |
% Foreign Born | 1.7% | -51.4% |
Mortgage and Risk — Muncie, IN
According to HUD data as of 2023, there were 268 mortgage originations in Muncie, IN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Muncie, IN. Investor activity is low, as 7.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 268 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Muncie, IN
As of 2024, the percent of homes in Muncie, IN under the Section 8 program is 12.0%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Muncie, IN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 633 |
Total Units Section 8 | 559 |
% Rentals under Section 8 | 12.0% |
% Occupied Section 8 | 91.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $695 | $820 |
| 2 Bedroom | $75 | $925 | $1,000 |
| 3 Bedroom | $110 | $1,200 | $1,310 |
| 4 Bedroom | -$80 | $1,600 | $1,520 |
Affordability — Muncie, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $138,000 |
| Median Household Income | $42,600 |