Munster, IN—46321
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Munster, IN
As of Oct '25, the median home price in Munster, IN is $347,000, with a year-over-year change of 2.2%. This indicates that home prices in Munster, IN are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $347,000 | 2.2% |
| Single Family | $363,000 | 2.0% |
| Condos | $223,000 | 1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $230,000 | 3.1% |
3 Bed | $334,000 | 3.4% |
4 Bed | $479,000 | 1.7% |
| 5 Bed | $651,000 | 0.8% |
% of Housing Stock
Rental Trends — Munster, IN
As of July '25, Rentcast reports the average rent in Munster, IN is $2,770, with a year-over-year rent change of -4.5%. Per bedroom, the median rent as of July '25 in Munster, IN is 1-bedrooms: $2,300, 2-bedrooms: $2,110, 3-bedrooms: $2,780, 4-bedrooms: $3,020. The most common rental property sizes in Munster, IN are 2-bedroom and 3-bedroom, accounting for 68.2% and 15.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $2,770 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,300 | $2,300 |
| 2 Bed Rent | $1,900 | $2,110 |
| 3 Bed Rent | $2,800 | $2,780 |
| 4 Bed Rent | $3,000 | $3,020 |
% of Rental Stock
Property Listings — Munster, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Munster, IN is 62. This is a increase of 36.0% 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 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $398,000 | 3.0% |
Listing Count | 113 | 42.0% |
| Listings as % of Homes | 0.6% | 42.0% |
Days on Market | 62 | 36.0% |
Demographics — Munster, IN
As of the latest ACS Survey released in 2023, Munster, IN has a population of 23,700, which has increased by 3.9% over the past 5 years. Munster, IN is a moderately popular place for families, as children make up 19.7% of the population. The area has a highly educated workforce, with 48.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,700 | 3.9% |
% Under 18 | 19.7% | -5.7% |
% Seniors | 20.7% | 7.3% |
% WFH | 11.6% | 110.9% |
% w/ College Degree | 48.1% | 7.1% |
As of the latest ACS Survey released in 2023, Munster, IN is a predominantly white area, with 70.9% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Munster, IN is hispanic, making up 14.1% of the population. Foreign-born residents account for 9.0% of the population in Munster, IN, and this percentage has decreased by 16.7% 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 | 70.9% | -6.5% |
% Black | 6.8% | 119.4% |
% Hispanic | 14.1% | -2.1% |
% Asian | 6.4% | 20.8% |
% Foreign Born | 9.0% | -16.7% |
Mortgage and Risk — Munster, IN
According to HUD data as of 2023, there were 415 mortgage originations in Munster, IN, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Munster, IN. Investor activity is low, as 1.0% 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 | 415 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Munster, IN
As of 2024, the percent of homes in Munster, IN under the Section 8 program is 0.2%. 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 Munster, IN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,110 | $2,300 | $1,190 |
| 2 Bedroom | -$450 | $1,900 | $1,450 |
| 3 Bedroom | -$1,010 | $2,800 | $1,790 |
| 4 Bedroom | -$1,080 | $3,000 | $1,920 |
Affordability — Munster, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $347,000 |
| Median Household Income | $106,000 |