Housing in Muncie, IN is quite affordable compared to other parts of the country. The median value of houses in Muncie is $123,900 while the US median house value is $338,100. In addition, the one year appreciation rate of housing in Muncie is 13.04%, which is higher than that of the US which stands at 8.27%. This indicates that investing in housing in Muncie might be a wise decision as real estate values are likely to increase over time.
The median home cost in Muncie is $123,900. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Muncie is up 15.1%.
Average Age of Homes
- The median age of Muncie real estate is 57 years old
The Rental Market in Muncie
- Renters make up 42.8% of the Muncie population
- 3.5% of houses and apartments in Muncie, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.