Rental numbers for Delaware County, IN
The typical home here runs -$432 a month at 7.78% with 25% down, breaking even at about 2.3%. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 9.5%.
- Gross yield
- 7.0%
- typical home, Zillow
- Median ZIP yield
- 9.5%
- 4 ZIPs with full data
- Cash flow
- -$432/mo
- at 7.78%, 25% down
- Typical price
- $173,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,004/mo
- Zillow ZORI, Aug 2026
ZIP codes in Delaware County
10 with published figures
| 47305Muncie | $88,000 | $831 | 11.3% | 6.4% | -$8 | n/a |
| 47302Muncie | $106,000 | $965 | 10.9% | 6.3% | -$14 | +5.6% |
| 47303Muncie | $147,000 | $984 | 8.0% | 4.2% | -$273 | +6.4% |
| 47304Muncie | $217,000 | $1,177 | 6.5% | 3.0% | -$620 | +5.3% |
| 47338Eaton | $178,000 | $960* | 6.5% | 3.2% | -$486 | n/a |
| 47320Albany | $201,000 | $960* | 5.7% | 2.6% | -$653 | n/a |
| 47342Gaston | $208,000 | $970* | 5.6% | 2.6% | -$674 | n/a |
| 47383Selma | $250,000 | $1,110* | 5.3% | 2.3% | -$877 | n/a |
| 47334Muncie | $236,000 | $960* | 4.9% | 1.9% | -$901 | n/a |
| 47396Yorktown | $260,000 | $1,010* | 4.7% | 1.7% | -$1,029 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +4.5%
- Rent, 12 months
- +6.0%
- Rent minus price growth
- +1.5 pts
- Property tax
- 0.74%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $124,231 | $725 |
| Aug 2022 | $139,039 | $812 |
| Aug 2023 | $147,915 | $850 |
| Aug 2024 | $156,416 | $904 |
| Aug 2025 | $165,504 | $947 |
| Aug 2026 | $173,010 | $1,004 |
HUD Fair Market Rent
FY2027, Muncie, IN MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $899 | $913 | $1,145 | $1,438 | $1,890 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 2.5
- 116 units, last 12 months
- National percentile
- 30th
- among US counties
Tools
Test a listing in Delaware County against today's rate.
Open the calculatorPart of the Muncie, IN metro.
Questions
- Is Delaware County good for rental property?
- The typical home here runs -$432 a month at 7.78% with 25% down, breaking even at about 2.3%. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 9.5%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Delaware County?
- About 0.74% of value, from Census ACS median taxes paid over median home value. On a $173,000 home that is about $1,289 a year.
- What is Fair Market Rent in Delaware County?
- HUD's FY2027 Fair Market Rent here is $913 for a 1-bedroom, $1,145 for a 2-bedroom and $1,438 for a 3-bedroom. Typical cash flow at today's rate is -$432 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.