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These days, finding an affordable place to live in the Muncie area can be challenging. Home prices in Muncie are now at a median cost of $116,688, lower than the Illinois average of $300,242.
The average cost of rent is $1,020/mo in Muncie, primarily driven by the current value of real estate in the Muncie area. In Muncie, 17.48% of households rent, and 60.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Muncie is $5,474 per month. Households that rent pay about 18.64% of their income on rent here. Muncie’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fithian, IL: higher priced homes
- Brothers, IL: equally priced homes
- Fairmount, IL: higher priced homes
- Oakwood, IL: higher priced homes
- Ogden, IL: higher priced homes
- Newtown, IL: higher priced homes
- Hope, IL: higher priced homes
- Catlin, IL: higher priced homes
- Homer, IL: higher priced homes
- Collison, IL: higher priced homes
Cities with Similar Populations
- Gypsy, WV: higher priced homes
- Swords, LA: less expensive homes
- Swans Island, ME: higher priced homes
- Indian Creek, TX: higher priced homes
- Hondo, NM: higher priced homes
- Holly Springs, TN: higher priced homes
- Hitchcock, SD: higher priced homes
- Hitchcock, OK: higher priced homes
- Hickman, OH: higher priced homes
- Hatley, GA: higher priced homes
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