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Muncie city, IN

ZIP 47305 — Housing & Real Estate

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

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47305

Median Home Value
$77,300
Median Rent
$632
Affordability Snapshot
$21,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$497/mo PITI).

23%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

10.2 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 47305 in Muncie city, IN, a household would need roughly $21,000 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 $497. That sits below the local median household income ($33,125), 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 27% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
35.8%-45% vs US avg
x
Vacancy Rate
26.6%+159% vs US avg
x
Broadband Access
85.2%-2% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
9.8%-24% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
33.4%-33% vs US avg
x
Mortgage-Free
68.6%+80% vs US avg
x
$77,300
Home Value
$632
Rent
1938
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached39.2%
  • 1-unit attached2.4%
  • 2-9 units42.8%
  • 10+ units15.3%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$77,300
Median rent$632
Owner-occupied35.8%
Vacant26.6%
Price-to-income2.3x
Est. income to buy$21,000