Zip 47305 (Muncie, IN) Housing

Muncie, IN (47305) is a city with a median housing value of $62,300. This is significantly lower than the US median of $338,100; however, the one-year house appreciation rate of 13.04% in Muncie is higher than the national average of 8.27%. This could be an attractive option for those looking to invest in real estate while keeping costs low. With its combination of low cost and high appreciation potential, Muncie could be an ideal place for anyone looking to buy or rent a home.

The median home cost in Muncie (zip 47305) is $62,300. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Muncie (zip 47305) is up 15.1%.

Average Age of Homes

- The median age of Muncie (zip 47305) real estate is 78 years old

The Rental Market in Muncie (zip 47305)

- Renters make up 43.5% of the Muncie (zip 47305) population
- 3.8% of houses and apartments in Muncie (zip 47305), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Muncie, Indiana	United States
	2,407.0	139,647,020.0
	56	42
	$62,300	$338,100
	15.1%	16.6%
	51.5%	57.0%
	73.6%	101.1%
	$8.77	$10.98
	$708	$2,690
	22.1%	57.4%
	30.4%	11.2%
	47.4%	31.4%
Vacant Housing
	3.8%	1.9%
	2.4%	0.4%
	2.7%	0.7%
	1.0%	0.4%
	0.5%	3.6%
	20.0%	4.1%
Value of Owner-Occupied Housing
	10.3%	2.6%
	26.5%	2.4%
	3.4%	2.8%
	32.6%	3.9%
	11.3%	4.5%
	8.8%	11.3%
	3.6%	13.0%
	3.6%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.1%	13.6%
	1.1%	13.6%
	1.2%	13.6%
	5.6%	13.2%
	4.7%	14.8%
	1.2%	13.6%
	3.4%	10.0%
	13.8%	4.7%
	64.5%	12.2%

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