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Muncie city, IN

ZIP 47303 — 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 47303

Median Home Value
$106,600
Median Rent
$736
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$685/mo PITI).

21%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

12.1 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 47303 in Muncie city, IN, a household would need roughly $29,000 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 $685. That sits below the local median household income ($42,556), 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
54.3%-17% vs US avg
x
Vacancy Rate
12.7%+24% vs US avg
x
Broadband Access
87.7%+1% vs US avg
x
4+ Bedrooms
5.4%-64% vs US avg
x
Built Pre-1939
9.2%-28% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
36.3%-27% vs US avg
x
Mortgage-Free
46.2%+21% vs US avg
x
$106,600
Home Value
$736
Rent
1965
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached64.2%
  • 1-unit attached0.8%
  • 2-9 units19.8%
  • 10+ units10.9%
  • Mobile home & other4.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$106,600
Median rent$736
Owner-occupied54.3%
Vacant12.7%
Price-to-income2.5x
Est. income to buy$29,000