Real Estate Market Update for Muncie, IN
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Welcome to May's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 12% from one year earlier, and down 1% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 80-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 19%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 50-thousand dollars. The number of units sold decreased 4% year-over-year, and increased 4% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Muncie, IN
Area Information for Muncie, IN
  • Population: 69,630
  • Median Age: 28.59 yr
  • Median Commute Time: 12.96 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 2,560/sq mi
  • Population Change Since 2000: -2.69%
  • Closest Airport: Fort Wayne International
  • Closest College: Ball State University
  • Closest Jr. College: Ivy Tech Community College-muncie Campus
  • Median Household Income: $30,223
  • Annual Residential Turnover: 21.14%
  • Median Years in Residence: 3.21 yr
  • Median Home Sales Price: $69,000
  • Closest Major Sports Team: Colts
  • Change Avg. Household Income Since 2000: 8%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Muncie, IN
Median Age: 28.59 Married: 23% Number of Households: 27,827 Households with Children: 6,109
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Muncie, IN

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Storer Elementary School 0.5 mi Public PRESCHOOL-5 2-5 4
      West View Elementary School 0.6 mi Public K-5 2-5 4
      Saint Mary School 0.6 mi Catholic PRESCHOOL-8 3-5 4
      Northside Middle School 0.8 mi Public 6-8 1 3
      First Presbyterian Prekndgn School 1.0 mi Private PRESCHOOL-PRESCHOOL 0 0
      Hazelwood Christian Preschool 1.0 mi Private PRESCHOOL-PRESCHOOL 0 0
      Wee Wisdom Nursery School 1.3 mi Private PRESCHOOL-K 0 0
      Apple Tree Child Development Cntr 1.5 mi Private PRESCHOOL-K 0 0
      Youth Opportunity Center 1.6 mi Public 3-12 0 1
      Mitchell Elementary School 1.6 mi Public K-5 2 5
      Friends Preschool 1.7 mi Private PRESCHOOL-PRESCHOOL 0 0
      Muncie Central High School 1.8 mi Public 9-12 2 3
      North View Elementary School 2.0 mi Public K-5 2-5 4
      Heritage Hall Christian School 2.3 mi Private PRESCHOOL-12 0 4
      East Washington Academy 2.4 mi Public K-5 2 0
      South View Elementary School 2.4 mi Public K-5 1 3
      Wilson Middle School 2.6 mi Public 6-8 1 3
      Longfellow Elementary School 2.9 mi Public K-5 1 3
      Muncie Area Career Center 3.0 mi Public PRESCHOOL-12 0 0
      Temple Kiddie Kollege 3.5 mi Private PRESCHOOL-K 0 0
      Open Arms Christian Academy 3.7 mi Private PRESCHOOL-7 0 0
      Muncie Southside High School 3.7 mi Public 9-12 1 3
      Grissom Elementary School 3.8 mi Public K-5 1 5
      Saint Lawrence School 4.0 mi Catholic PRESCHOOL-5 4-5 5
      Hoosier Academy Muncie 4.0 mi Public K-8 0 0
      Sutton Elementary School 4.0 mi Public K-5 1 4
      Head Start Learning Ctr 4.2 mi Private PRESCHOOL-PRESCHOOL 0 0
      Royerton Elementary School 4.9 mi Public K-5 4-5 5
      Delta High School 6.4 mi Public 9-12 3 5
      Delta Middle School 6.7 mi Public 6-8 3 5
      Cowan Elementary School 6.8 mi Public K-6 2 5
      Cowan High School 6.9 mi Public 7-12 2-5 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Muncie, IN
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.