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Muncie city, IN

ZIP 47302 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47302

Median Home Value
$70,800
Median Rent
$626
Affordability Snapshot
$19,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$455/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

9.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 47302 in Muncie city, IN, a household would need roughly $19,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $455. That sits below the local median household income ($47,185), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
65.0%-1% vs US avg
x
Vacancy Rate
12.7%+23% vs US avg
x
Broadband Access
85.2%-2% vs US avg
x
4+ Bedrooms
0.7%-95% vs US avg
x
Built Pre-1939
12.0%-7% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
31.0%-38% vs US avg
x
Mortgage-Free
51.8%+36% vs US avg
x
$70,800
Home Value
$626
Rent
1958
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached83.5%
  • 1-unit attached1.3%
  • 2-9 units5.9%
  • 10+ units2.2%
  • Mobile home & other7.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$70,800
Median rent$626
Owner-occupied65.0%
Vacant12.7%
Price-to-income1.5x
Est. income to buy$19,000