Rental numbers for the Muncie, IN metro
The typical home here runs -$436 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 metro 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
- -$436/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 the metro
12 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% |
| 47336Dunkirk | $135,000 | $970* | 8.6% | 4.8% | -$188 | n/a |
| 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 |
| 47368Parker City | $180,000 | $960* | 6.4% | 2.8% | -$546 | 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
- 0.77%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $124,228 | $725 |
| Aug 2022 | $139,042 | $812 |
| Aug 2023 | $147,917 | $850 |
| Aug 2024 | $156,399 | $904 |
| Aug 2025 | $165,487 | $947 |
| Aug 2026 | $173,000 | $1,004 |
Counties
- Delaware County, IN9.5% median yield
- Jay County, INn/a median yield
- Randolph County, INn/a median yield
Tools
Questions
- Is the Muncie, IN metro good for rental property?
- The typical home here runs -$436 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 metro are cash-flow positive; the median gross yield is 9.5%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Muncie, IN metro have the highest rental yield?
- 47305 (Muncie) at 11.3%, 47302 (Muncie) at 10.9%, 47303 (Muncie) at 8.0%, on Zillow value and rent. The full table above sorts by any column.
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.
- 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.
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.