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Muncie

Learn about the people, housing, costs and businesses in Muncie, Illinois

Median Home$116,200
Median Rent$833/month
Population151
Leading IndustriesWholesale Trade · Construction · Agriculture & Mining15% wholesale trade
Home Value Growth⬆⬆+15.5% over 2 years
Retirees23% of residentsslightly above average
Homeowners80% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$116k median home · lower cost than 86% of the country
Muncie
IL

Frequently Asked Questions

What are today's mortgage rates in Muncie?

As of today, the 30-year fixed mortgage rate for Muncie is approximately 6.962% (6.970% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Muncie?

The median home value in Muncie is $116k. The median monthly rent is $833. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Muncie?

Home values in Muncie have increased 15.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Muncie?

Based on a typical all-in ownership cost of $821/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Muncie is $57k/year.

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What industries drive the economy in Muncie?

The largest employment sectors in Muncie are public administration (18%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.