Muncie, IN 47304 - Real Estate Investment Insights & Performance Data

Welcome to our 47304 real estate data hub, tailored for investors in Muncie, IN. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 47304 in Muncie, IN. Discover Section 8 housing opportunities and challenges to maximize your investment potential in DELAWARE COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Muncie, IN real estate investing. Uncover the wealth of information available, and position yourself for success in the Muncie property market.

• Location Overview

  • Zip Code: 47304
  • City: Muncie
  • State: IN
  • Metro Area: Muncie, IN
  • County Name: DELAWARE COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $179,765
  • Average Home Price (Single Family Homes): $180,203
  • Average Monthly Rental Price (All Types): $1,128
  • Price-to-Rent Ratio: 13
  • Zillow Projected % appreciation from 4/2023-4/2024: 2.8%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $930
  • Average 3 Bedroom Section 8 Rental Rates: $1,250
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 16.11
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 11.98
  • Number of Units Offered in Section 8 in the County: 776
  • Number of Occupied Units in Section 8 in the County: 761
  • Percentage of Section 8 Units Occupied in the County: 98.09999847%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 119.51
  • Total % Appreciation since 2000 (Government Data): 61.91
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.13%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 6.07%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 35.22%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 46.66%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 72.07%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.06%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 17.47%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%