The typical owner-occupied home in Muncie is worth about $76,500, 71% below the Illinois median of $263,300 and 77% below the national median of $332,700. Owners pay a median $2,118 a year in property taxes, about 2.77% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $83,750 a year, so the median home costs 0.9 times the median income (3.2 times for Illinois). 91% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Muncie at a glance
| Muncie | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $76,500 | $263,300 | $332,700 |
| Median property tax paid per year | $2,118 | $5,298 | $3,119 |
| Property tax as a share of value | 2.77% | 2.01% | 0.94% |
| Median household income | $83,750 | $83,390 | $80,734 |
| Homes lived in by their owners | 91% | 67% | 65% |
| Owner homes with a mortgage | 33% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,031 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 18.1% | 20.6% | 21.0% |
| Median rent | – | $1,274 | $1,413 |
| Median year homes were built | 1945 | 1971 | 1980 |
| Vacant homes | 12.7% | 7.7% | 10.1% |
| Population | 147 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Muncie
At this week's average 30-year rate of 7.11%, buying the median Muncie home of $76,500 with 20% down costs about $620 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $748, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $26,578 for the 20%-down payment. That payment is 9% of the median Muncie household income of $83,750; at that income and 20% down, the 28% guideline points to a home of about $241,000.
| Down payment | $15,300 |
|---|---|
| Loan amount | $61,200 |
| Principal and interest | $412 |
| Property taxes (2.77% a year) | $177 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $620 |
Change the numbers in the calculator
| Down payment | $2,678 |
|---|---|
| Loan amount | $75,114 |
| Principal and interest | $505 |
| Property taxes (2.77% a year) | $177 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $34 |
| Total per month | $748 |
Change the numbers in the calculator
Questions about home buying in Muncie
What is the median home value in Muncie?
About $76,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Muncie?
Homeowners pay a median $2,118 a year, which is about 2.77% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Muncie?
For the median home with 20% down at 7.11%, the payment is about $620 a month. Keeping that under 28% of gross income takes about $26,578 a year.
More about Muncie
- Mortgage Refinance in Muncie
- Debt Relief in Muncie
- Home Equity Loans in Muncie
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data