The story of this market
The typical home in ZIP 47302 sells for about $115,000, or $85 per square foot.
Prices are up +4.5% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 47302 — Muncie
The housing market in 47302 remains stable with modest price appreciation driven by low inventory and consistent demand for affordable housing. While sales volume is moderate, the market is characterized by a high share of renter-occupied households and a focus on the rehabilitation of existing residential stock. No specific ZIP-level data for price cuts or months of supply was available from public portals, so these figures are estimated based on regional trends.
This ZIP is well-suited for first-time homebuyers, budget-conscious families, and investors looking for entry-level properties in an urban setting.
Median prices moved up 4.5% year over year.
Homes spend a median of 42 days on market with 2.8 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 22.1% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 47302, Delaware County, IN
Crime rates in this area are higher than the national average, with property crime being the most frequently reported issue.
Schools serving this ZIP are part of Muncie Community Schools, which have undergone significant restructuring and academic improvement initiatives in recent years.
The area is generally low-risk for major natural disasters, though localized flooding can occur near the White River during heavy rainfall events.
Economic momentum is driven by the revitalization of downtown Muncie and ongoing investments in the Muncie HUB and local infrastructure projects.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Commuting is primarily car-dependent, with easy access to major local thoroughfares leading to downtown Muncie and nearby industrial employment centers.
The area features access to local parks, the Cardinal Greenway trail system, and proximity to downtown shopping and dining districts.
The rental market is characterized by high demand for affordable units, with limited vacancy and a mix of private landlords and public housing options.
The economy is anchored by healthcare, education (Ball State University), and manufacturing sectors within the broader Muncie area.
Public transit is provided by MITS, offering bus routes throughout the city and connecting to major employment hubs.
Development is focused on urban infill and the rehabilitation of historic residential properties.
The Delaware County Assessor manages property valuations, with assessments conducted annually to reflect market changes.
Parcels are subject to Muncie Community Schools district taxes and municipal service fees.
Property insurance premiums are stable, though coverage for older homes may require specific inspections.
Data retrieved from data.census.gov using ZCTA 47302 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
A major multi-use trail system that runs through the area.
Central district with local restaurants and retail.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.