Muncie, IN—47305
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 $77,000, with a year-over-year change of 2.1%. This indicates that home prices in Muncie, IN are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $77,000 | 2.1% |
| Single Family | $75,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $61,000 | 3.4% |
3 Bed | $77,000 | 4.1% |
4 Bed | $102,000 | 4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Muncie, IN
As of July '25, Rentcast reports the average rent in Muncie, IN is $927, with a year-over-year rent change of 19.6%. Per bedroom, the median rent as of July '25 in Muncie, IN is studios: $675, 1-bedrooms: $733, 2-bedrooms: $898, 3-bedrooms: $1,140, 4-bedrooms: $1,390. The most common rental property sizes in Muncie, IN are 1-bedroom and 2-bedroom, accounting for 46.6% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $927 |
| Studio Rent | $650 | $675 |
| 1 Bed Rent | $685 | $733 |
| 2 Bed Rent | $800 | $898 |
| 3 Bed Rent | $1,150 | $1,140 |
| 4 Bed Rent | $1,490 | $1,390 |
% 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 45. This is a increase of 62.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $157,000 | 67.0% |
Listing Count | 21 | 47.0% |
| Listings as % of Homes | 0.1% | 47.0% |
Days on Market | 45 | 62.0% |
Demographics — Muncie, IN
As of the latest ACS Survey released in 2023, Muncie, IN has a population of 3,570, which has increased by 1.5% over the past 5 years. Muncie, IN is a moderately popular place for families, as children make up 20.4% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,570 | 1.5% |
% Under 18 | 20.4% | -2.9% |
% Seniors | 10.9% | 6.9% |
% WFH | 4.7% | 56.7% |
% w/ College Degree | 18.5% | 1.1% |
As of the latest ACS Survey released in 2023, Muncie, IN is a predominantly white area, with 62.5% of the population identifying as white. The white population has shrunk by 16.2% in the last 5 years. The second most common race or ethnicity in Muncie, IN is black, making up 8.4% of the population. Foreign-born residents account for 1.1% of the population in Muncie, IN, and this percentage has decreased by 45.0% 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 | 62.5% | -16.2% |
% Black | 8.4% | -53.8% |
% Hispanic | 6.7% | 13.6% |
% Asian | 0.4% | ∞% |
% Foreign Born | 1.1% | -45.0% |
Mortgage and Risk — Muncie, IN
According to HUD data as of 2023, there were 15 mortgage originations in Muncie, IN, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 27.0% 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. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 15 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 7.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Muncie, IN
As of 2024, the percent of homes in Muncie, IN under the Section 8 program is 12.3%. 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 | 228 |
Total Units Section 8 | 130 |
% Rentals under Section 8 | 12.3% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $75 | $685 | $760 |
| 2 Bedroom | $130 | $800 | $930 |
| 3 Bedroom | $70 | $1,150 | $1,220 |
| 4 Bedroom | -$80 | $1,490 | $1,410 |
Affordability — Muncie, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $77,000 |
| Median Household Income | $33,100 |