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Muncie city, IN

ZIP 47304 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47304

Median Home Value
$161,700
Median Rent
$777
Affordability Snapshot
$45,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,039/mo PITI).

14%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.3 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 47304 in Muncie city, IN, a household would need roughly $45,000 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 $1,039. That sits below the local median household income ($67,756), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
66.2%+1% vs US avg
x
Vacancy Rate
5.7%-44% vs US avg
x
Broadband Access
89.0%+2% vs US avg
x
4+ Bedrooms
2.6%-82% vs US avg
x
Built Pre-1939
5.1%-60% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
23.4%-53% vs US avg
x
Mortgage-Free
37.1%-3% vs US avg
x
$161,700
Home Value
$777
Rent
1974
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached67.4%
  • 1-unit attached4.5%
  • 2-9 units14.7%
  • 10+ units10.9%
  • Mobile home & other2.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$161,700
Median rent$777
Owner-occupied66.2%
Vacant5.7%
Price-to-income2.4x
Est. income to buy$45,000