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  1. Home
  2. /Browse ZIP Codes
  3. /Indiana
  4. /Muncie, IN - 47303

Muncie, IN—47303

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$147,000
2.8% YoY Growth
Household Income
$42,600
26.7% YoY Growth
Days on Market
33
42.0% Longer YoY
Home Price Forecast
3.3%
Median Rent
$1,050
2.9% YoY Growth
1-Bed Rent
$695
7.4% YoY Growth
2-Bed Rent
$925
12.4% YoY Growth
3-Bed Rent
$1,200
3.6% YoY Growth

Other Zip Codes in Muncie, IN

473054730247304
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Muncie, IN

As of May '26, the median home price in Muncie, IN is $147,000, with a year-over-year change of 2.8%. 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 TypeMedian Home ValueYoY % Change
All Homes
$147,0002.8%
Single Family $148,0002.8%
Condos $136,0005.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $78,000
    6.8%
    2 Bed
    		$107,0002.9%
    3 Bed
    		$158,0003.3%
    4 Bed
    		$205,0003.0%
    5 Bed $213,884-1.0%
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    % of Housing Stock

    Studio
    3.1%
    1 Bedroom
    10.8%
    2 Bedrooms
    28.3%
    3 Bedrooms
    39.3%
    4 Bedrooms
    13.0%
    5+ Bedrooms
    5.4%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    4.5%
    1 Bedroom
    20.0%
    2 Bedrooms
    35.9%
    3 Bedrooms
    24.2%
    4 Bedrooms
    10.2%
    5+ Bedrooms
    5.3%

    Property Listings — Muncie, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Muncie, IN is 33. This is a increase of 42.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$135,000-1.0%
    Listing Count
    		7356.0%
    Listings as % of Homes0.4%56.0%
    Days on Market
    		3342.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$147,000
    Median Household Income$42,600

    Muncie, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Muncie

    47306

    Muncie, IN

    47305

    Eaton, IN

    47338

    Muncie, IN

    47304

    Albany, IN

    47320

    Frequently Asked Questions