Median price for residential apartments in Muncie, IN as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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278 Muncie, IN, USA apartments for sale
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Muncie
According to statistics, the population in Muncie, IN amounts to 69,237, which shows decline -1% compared to the previous year. The median age of the city’s residents is 29. The average household income is $32,372, shifting growth 3% from the past year, and the average property value in Muncie, IN decline 1% to $70,500 throughout the year.
| Population | 69,237 |
| Median Age | 28.8 |
| Poverty Rate | 30% |
| Household Income | $32,372 |
| Number Of Employees | 31,625 |
| Median Property Value | $70,500 |
Household Income
The average household income in Muncie, IN grew from $31,373 to $32,372 in the past year. This data is an estimate based upon 27,666 households in Muncie, IN . The chart below presents how household income is distributed in Muncie, IN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Muncie, IN shifted from $70,000 to $70,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Muncie, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Muncie, IN properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Muncie, IN compared to median property taxes around the country. The prevalent amount of property taxes in Muncie, IN equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Muncie, IN, USA
Average apartment sale in Muncie: $143,307 (+3.7%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $69,722 | -5.4% |
| 1-bed apartments | $123,233 | +66.4% |
| 2-bed apartments | $85,405 | +6% |
| 3-bed apartments | $137,944 | +2.8% |
| 4+ bed apartments | $240,858 | +8.2% |
During Jan 2023, the average price for an apartment in/near Muncie, IN increased by 3.7% to $143,307.
Knowing the current property prices is key if you plan to buy a studio in Muncie, IN. The average price for a studio has decreased since the last month, currently being $69,722. After collecting all data points, we now see that the average price for 1-bed apartment increased by 66.4% to $123,233. Asking price for 2-bed apartment also increased by 6% and a place of this size will now cost you $85,405. A 3-bed apartment goes for $137,944, it increased by 2.8% lately. We discerned the rise of 4- and more bed apartment price. It increased by 8.2% and made it up to $240,858.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Houses for sale | $145,911 | +3.5% |
| Condos for sale | $133,175 | -2.5% |
| Duplexes for sale | $74,950 | +0% |
| Apartments for sale | $62,900 | N/A |
While assessing the property pricing Muncie, IN, you can note that it remains flat with a price tag of $62,900. Price reports demonstrate that house price increased by 3.5% this month making it up to $145,911. Condos faced an upward trend these days. The median price for a condo decreased by 2.5%, it’s now available for $133,175. An average value of duplex is $74,950, thus a median price for a duplex remains the same this month. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $86,100.
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