Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 65,076 people, 1,212 houses or apartments, and a median cost of homes of $132,305, house prices in Muncie are some of the most affordable in Indiana as well as the nation.
Single-family detached homes are the single most common housing type in Muncie, accounting for 41.37% of the city's housing units. Other types of housing that are prevalent in Muncie include large apartment complexes or high rise apartments ( 32.59%), row houses and other attached homes ( 15.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.87%).
People in Muncie primarily live in small (one, two or no bedroom) single-family detached homes. Muncie has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Muncie built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Muncie built between 1940-1969 ( 24.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.25%). There's also some housing in Muncie built before 1939 ( 1.20%).
Appreciation rates for homes in Muncie have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.63%, which ranks in the top 50% nationwide. This equates to an annual average Muncie house appreciation rate of 6.32%.
Appreciation rates are so strong in Muncie that despite a nationwide downturn in the housing market, Muncie real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Muncie appreciation rates continue to be some of the highest in America, at 11.82%, which is higher than appreciation rates in 98.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Muncie. Muncie appreciation rates in the latest quarter were at 3.00%, which equates to an annual appreciation rate of 12.57%.
Importantly, NeighborhoodScout’s exclusive research found that Muncie's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Indiana, our data show that Muncie's latest annual appreciation rate is higher than 90% of the other cities and towns in Indiana.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Muncie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Muncie - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Muncie real estate investment or home purchase decisions.
$132,305
for Indiana
for nation
1,212
$1,283 / per month