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  4. /Munster, IN - 46321

Munster, IN—46321

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$359,000
2.4% YoY Growth
Household Income
$106,000
30.2% YoY Growth
Days on Market
44
3.0% Longer YoY
Home Price Forecast
1.9%
Median Rent
$2,850
4.5% YoY Growth
1-Bed Rent
$2,300
N/A
2-Bed Rent
$1,900
17.9% YoY Growth
3-Bed Rent
$2,800
3.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Munster, IN

As of May '26, the median home price in Munster, IN is $359,000, with a year-over-year change of 2.4%. This indicates that home prices in Munster, IN are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$359,0002.4%
Single Family $376,0002.2%
Condos $222,0002.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$234,0002.6%
    3 Bed
    		$345,0002.4%
    4 Bed
    		$497,0002.3%
    5 Bed $675,9691.8%
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    % of Housing Stock

    Studio
    0.7%
    1 Bedroom
    3.1%
    2 Bedrooms
    23.1%
    3 Bedrooms
    42.7%
    4 Bedrooms
    24.0%
    5+ Bedrooms
    6.5%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,850$2,770
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    4.4%
    1 Bedroom
    8.0%
    2 Bedrooms
    68.2%
    3 Bedrooms
    15.9%
    4 Bedrooms
    2.5%
    5+ Bedrooms
    1.0%

    Property Listings — Munster, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Munster, IN is 44. This is a increase of 3.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$395,000-2.0%
    Listing Count
    		862.0%
    Listings as % of Homes0.6%2.0%
    Days on Market
    		443.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		23,7003.9%
    % Under 18
    		19.7%-5.7%
    % Seniors
    		20.7%7.3%
    % WFH
    		11.6%110.9%
    % w/ College Degree
    		48.1%7.1%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$359,000
    Median Household Income$106,000

    Munster, IN — ZIP Code Boundary Map

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    Frequently Asked Questions