Situated roughly 50 miles northeast of Indianapolis, Muncie, Indiana is a city rich with Native American history.
The Lenape tribe settled Muncie (previously known as Buckongahelas after their Chief) in the late 1700s.
It’s the Delaware County seat and was officially incorporated as a city in 1865.
Muncie has strong roots in industry and manufacturing and has made a notable shift to education and health services in recent decades.
By far the biggest draw to Muncie is Ball State University which also happens to be the city’s largest employer.
According to the 2020 census the population was 65,571 (similar in population to Noblesville, Anderson, and Greenwood) with a predominantly Caucasian presence and a median age of 28.8. Home ownership versus renters was also about a 50/50 split.
Due to a large student population, the average median household income is on the lower end of the spectrum at $36,661.
Needless to say that also equates to strong rental demand, especially for properties close to the University.
Yorktown, a community adjacent to Muncie, is booming and has a really good reputation and school district. It’s a commutable distance to Indy and is a more affordable area to live.
According to Movoto the median list prices of homes in Muncie is $135,000 as of 2023 compared to $94,500 in 2022.
Rentdata.org shows fair market rent for a 3 bedroom property to be $1,016 and $756 for a 2 bedroom.